Establishing a European sovereign fund

European Commission President Ursula von der Leyen announced the creation of the European Sovereign Fund - a key step to support European start-ups, innovation, technology and economic growth.

Together with more than 50 mayors from the European Startup Cities Network, we have been working on the creation of a bottom-up European innovation Area (bottom-up EiA) since 2018.

From 2021, as part of the leaders of the innovation ecosystems of the 26 Member Countries, together with the group of unicorns (technology champions) and the group of investment funds, we are working on the creation of a Pan-European Innovation Ecosystem (European Innovation Area).

Such a step gives a boost to the innovation process, and this has a positive impact on the local economy in Bulgarian towns, villages and remote regions.