The Innovative Enterprise of the Year Contest
marks its awardees with a label of Excellence in Innovation

 On July 23, the campaign for the 14th edition of the Innovative Enterprise of the Year 2018 Contest is launched. Innovative Bulgarian start-ups and mature enterprises can apply electronically by October 15 inclusive. Traditionally, the awards are presented in person by the President or the Prime Minister of Bulgaria at the National Innovation Forum in December. From this year on, the awardees in the Contest also receive the right to use the label of the Applied Research and Communications Fund as a sign of Excellence in Innovation. The label honors excellence, impact and efficiency of cutting edge innovations developed by Bulgarian companies.

Applied Research and Communications Fund, ARC Consulting and Enterprise Europe Network - Bulgaria with the support of the of DG GROWTH , EC, and in media partnership with the Bulgarian National Television, Economy Magazine , portal and are inviting nominees for the 14th edition of the Innovative Enterprise of the Year 2018 National Contest. Active Bulgarian companies that have successfully developed and implemented innovation in the past three years can participate in the initiative. Applications can be made electronically by 23:45 on October 15, 2018.

The competition aims to promote successful Bulgarian business models based on innovation and new technologies. Candidates are assessed in categories according to a special methodology by an expert group and by a jury, based on the impact of the innovations. The awards are presented to winners by the President or Prime Minister of Bulgaria at the annual National Innovation Forum in early December 2018.

Starting by 2018, the awardees of the competition will also receive the Excellence in Innovation label of the Applied Research and Communications Fund. The label is provided for the use of enterprises that have successfully passed the evaluation by the ARC Fund and jury experts within the framework of the Innovative Enterprise of theyear Contest. Criteria for evaluation to grant the label use include high quality and originality of innovations, impacts on national and world markets, environment and society, efficiency of the business model.

More about the Contest
The National Contest "Innovative Enterprise of the Year" was launched in 2004. More than 100 companies have been awarded for their innovative work. The initiative is recognized by the European Commission as a good national practice to support innovation development.
"Innovations are the key for raising the potential of our economy. They represent the best links between business, education and institutions, " said President Rumen Radev at the opening of the 13th National Innovation Forum.

Awarded companies value the benefits of their participation in the Contest.
"Our Award in the area "Innovation in Creative Industries" for the year 2017 is among our most favored prizes as a recognition given in our own country. It motivates us to continue our way of working with more efforts. Thank you to the great team of the Contest organisers! "

Marin Petkov, Executive Director of MP Studio Ltd, winner in the "Innovation in Creative Industries" area of the Innovative Enterprise of the Year 2017 Contest
"Winning the prize of the Innovative Enterprise of the Year Contest for the Social Innovation area in 2017 helped us a lot to raise awareness of society on a very important issue – our children and the new technologies. We have reached out many children and parents and got them introduced to the challenges and threats of the 21st century."

Deyan Blagoev, Manager of Bulbera Ltd., winner in the "Social Innovation" area of the of the Innovative Enterprise of the Year 2017 Contest
"Have you heard about Grozen Entertainment being awarded in the" Innovative Enterprise of the Year 2017” Contest for the" Innovations Empowering Talents”? Yes, we understand how it sounds :). It sounds incredible to us even though we are the company :). Taking part in contests of such kind proves its value since we gain more confidence of moving in the right direction. It gives us a pleasant feeling of gratitude that someone has appreciated our efforts and has spotted our tiny business, in just that area, among so many other great companies!"

Sybilla Koritareva, Owner and Manager of Grozgen Entertainment EOOD, winner in the "Innovation for Empowering Talents" area of the of the Innovative Enterprise of the Year 2017 Contest
"Amber Technology was pleased to win the award for an Innovative Start-up company in 2017. This was a recognition of our team work, our new product and business model and created reputation, solid grounds and trust in our company. It also gave us confidence to set great goals, to develop and appreciate small and big wins, to learn from the mistakes. The Award was a turning point and a very good Christmas present."

Theodor Dimitrov, Owner and Executive Director of Amber Technology AD, winner in the "Innovative start-up enterprise" area of the of the Innovative Enterprise of the Year 2017 Contest

Traditionally applicants are evaluated by a specific methodology in areas such as:
- Market leadership
- Innovation for quality of life
- Green Innovation
- Innovation Management
- Social Innovation
- Innovation in creative industries
- Innovation for empowering talents
- Innovative start-up enterprise (up to three years from establishment)

For more information please contact us at innoaward(at), tel: +359 2 9733000 (ext. 437, 433).
For contacts with media: maya.tsaneva(at)