SOFIA DEVELOPMENT ASSOCIATION was founded as non-profit organization with the decision 348
of the Sofia Municipal Council to work for the sustainable development of the capital.

Competition for Social entrepreneurs with a prize of €10,000 – organized by SDA under the project Finance4SocialChange

#AIRCompetition is an international competition for social entrepreneurs, in which over 240 candidates from 12 countries in the Danube region are taking part. It is divided in several stages, and moving forward ensures an increase in funding opportunities and the establishment of meaningful, international contacts with experts and investors. SDA is the organizer for Bulgaria and is happy to share that the applications submitted by Bulgaria are 25.

The first stage of the evaluation of Bulgarian applications will end in July 2020. A jury composed of professionals in the field of entrepreneurship will select 10 candidates who will be invited for an online interview. After conducting the video interviews, the jury will select 3 organizations to proceed to the second stage of the competition.

The jury consists of Viki Blazheva, First Vice President at UniCredit Bulbank and Director of Communications; Elitsa Barakova, Executive Director of the BCause Foundation; Martina Grigorova, Head of Business Lending and International Projects at SIS credit; Nikolay Tsenkov, Manager of the Municipal Guarantee Fund of Sofia Municipality and Sevdalina Voynova, Program Director of Sofia Development Association. The criteria for evaluating the applications are developed by the German organization Fa-Se.

The second stage of the competition involves submitting a detailed business plan of the organization by October 31 and participating in a pitching session in Belgrade in November, in which selected Bulgarian organizations will compete with Serbian and Moldovan social entrepreneurs.

Based on the evaluation of the business plan and the presentation in Belgrade, a winner will be selected who will receive a 10,000 euro investment for his business and will have the opportunity to present at an international event in Budapest in January 2021 to investors, social entrepreneurs and European experts.

Sofia Development Association wishes success to all candidates!

The project "Finances4SocialChange" is co-financed by European Union funds (ERDF, IPA, ENI). You can follow the competition at and

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