We declare the intention to establish a network of democratic and independent Bulgarian Startup Associations, Initiatives and Communities.
The intentions below are based on the European Startup Network LOI with the goal to be the voice of Bulgarian Startups in Europe.
Innovation and entrepreneurship are creating positive change at a faster rate than ever before. The daily life of every individual is positively influenced by innovative ideas, business models, business processes and the repeated improvement of business practices. In light of this phenomenon, the term "startup" emerged. Startups can come in all forms, but are united in their association with (potentially) fast growth as well as their search for a scalable and innovative business model. They are mostly, but not exclusively, technology-oriented companies, many of which seek to disrupt an existing market or to create a new market.
Startups are job creators and are often referred to as a symbol of the new economy and the proof that maximum output can be achieved with minimal input. The importance of startups is not only proven by the number of jobs created by them in Europe but especially by the influence of these young innovative companies in all sectors of society, as well as the policy environment and capital markets. Existing legislation affecting startups has been created with traditional business environments in mind and therefore many startups now face significant legal and regulatory challenges. Our goal for national legislators is to provide a common voice of Bulgarian Startups to give informed solutions to often complex questions.
To make rapid legislative adaption possible, startups have to be understood, and the relevant areas of improvement need to be clearly identified. This should be done by combining scientific research with practical knowledge and best practice examples of all European startup ecosystems. The national startup associations are more than willing to work together, share best practices and leverage their national networks at a European level to coordinate actions and communicate together for the benefit of their national startups.
With the intent to connect the Bulgarian startup ecosystems to form a platform for best practice exchange and Bulgarian as well as European policy suggestions made by and for founders, the startup associations, initiatives and individuals below commit to creating a Bulgarian Startup Network.
This network will work on three areas:
- Scientific research to create transparency and hard facts as the basis for policy making.
- Policy formation and campaigning
- Further development of the Bulgarian entrepreneurs’ network
In building the Bulgarian Startups Network, we need to guarantee a transparent and independent organization - free to speak up on behalf of the startups; a credible voice backed by startups, and engagement in a common exchange across cities, communities and organizations. Other non-profit startup associations that undertake research and campaigning on behalf of entrepreneurs are welcome to join the network. The main goal of the Bulgarian Startups Network is to harmonize the Bulgarian startup ecosystems concerning the legal environment, market access and entrepreneurial culture within each community and city.
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