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.

Social Impact Investment Community Council Meeting

On September 18 - 19, 2019, social impact investors, representatives of local and national institutions, business support organisations and social entrepreneur networks met in Stuttgart, Germany, to discuss the pathways to foster social impact investments in the Danube region. The meeting took place in the framework of the project “Finance4Social Change”, co-financed by the EU funds (ERDF, IPA, ENI). Sofia Development Association is a project partners, together with 13 other organisations from 12 countries. Together with SDA project team was Aleksandar Sarafov, the manager of Start-up Accelerator Sofia and the Municipal Guarantee Fund for SMEs. 

During the upcoming months the project partners will launch a comprehensive training programme and a region-wide competition for social entrepreneurs, while at the same time improving their local policies in the area of social impact investment. 

More information in the project is available at



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