Connecting research, entrepreneurship and innovation
The Applied Research and Communications Fund (ARC Fund) is part of Bulgaria’s team in the MIT Regional Entrepreneurship Acceleration Program (MIT REAP), a global initiative led by the Massachusetts Institute of Technology (MIT) that helps regions strengthen innovation-driven entrepreneurship and accelerate economic development.
MIT REAP brings together leaders from the corporate sector , public institutions, academia, the entrepreneurship community and venture capital investors to develop strategies that turn a region’s innovation potential into sustainable economic growth.
Bulgaria’s innovation ambitions
Through MIT REAP, Bulgaria aims to strengthen collaboration between key stakeholders, improve pathways from research to commercialisation, mobilise investment and encourage the development of science- and technology-based businesses. The broader ambition is to establish Bulgaria as a leading innovation hub in Southeast Europe.
ARC Fund’s contribution
Building on its longstanding work in innovation policy, applied research and technology development, ARC Fund contributes expertise in strengthening Bulgaria’s innovation ecosystem and connecting research, business and public policy.
Ruslan Stefanov, Director “Strategy and Innovation” at ARC Fund, represents the organisation in Bulgaria’s MIT REAP team, contributing to a collaborative effort to advance the country’s innovation and entrepreneurship agenda.
Through the REAP program, ARC Fund continues to support evidence-based policies, stronger innovation partnerships and the conditions needed for Bulgarian companies and researchers to turn knowledge into economic and societal impact.
MIT REAP Cohort 12 Workshop in Sofia
From 26 to 28 January 2027, Sofia will host a key workshop for MIT REAP Cohort 12, bringing together participants to exchange knowledge, strengthen collaboration and advance regional innovation strategies.
The programme will include the 22nd National Innovation Forum, organised by ARC Fund, connecting the international MIT REAP community with Bulgaria’s innovation ecosystem and highlighting opportunities to accelerate innovation-driven growth.
Learn more: Explore Bulgaria’s MIT REAP team and strategy.
