A prize fund of 40 000 leva will be distributed
among the best business plans to develop their ideas
The Bulgarian Center for Not-for-Profit Law is launching applications for participation in the the program “Entrepreneurship for Non-Profit Organizations” for 2018/2019. Everyone who participates in the Program will receive individualized expert support on how to develop their entrepreneurial activity. The program is supported by the „America for Bulgaria“ Foundation and is in partnership with TELUS International Europe and UniCredit Bulbank.
In the Program so far:
• we have trained over 140 organizations to develop their ideas in business plans;
• we have invested over 155 000 leva in the realization of the best ideas;
• more than 300,000 leva revenues have been realized by the finalists in the Program, thanks to our support.
In 2017, 24 organizations joined the program. 5 of them were selected by an authoritative jury and received financial support of 8 000 leva to start their ideas. The winners were:
Description of the program
The Program “Entrepreneurship for Non-Profit Organizations” contains the following three stages:
First Stage „Expert support for improving a business plan and skills for its public performance“ –the participants will receive expert support to improve their specific entrepreneurial activity developed in a business plan. Within two consecutive training sessions, topics related to preparing financial forecasts for business plans, advice from experts in business companies, improving presentation skills to better communicate business ideas will be presented. The participants will also get acquainted with examples of successful social business in Bulgaria and will exchange experience with the finalists from previous years in the program. During this stage the participants will be able to receive individual consultations and ask specific questions to the consultants of the competition.
Second stage „NGO Business Plan Competition“ - includes the presentation of the developed business plans in front of a jury, which will determine the winners. Excellent business ideas will distribute a prize pool of 40,000 leva.
Third Stage "Lab4e - mentoring program for a successful start“ - the winners in the contest will participate in periodic meetings and will receive follow-up expert and mentoring support from business representatives to develop their business activity.
Who can apply for participation
The initiative is appropriate for all non-governmental organizations that are developing or intend to develop business activity in support of their mission and goals. NGOs (associations, foundations and community centers), that may apply for participation, are those which:
Organizations, that have participated in the competition in previous years but have not received awards then or such that were among the finalists but want to develop a new entrepreneurial idea, may also apply for participation in the program this year.
An advantage in the selection of the participants in the program will be given to active organizations that have a well-prepared team and a willingness to accomplish their business idea. The main criterion will be the mission of the organization and the connection between the mission and the proposed idea for developing business activity.
All organizations willing to participate must complete an online application form by July 15, 2018.
The application form must be completed and sent by the official representative of the relevant non-profit organization. Please be brief, clear and specific when answering the questions in the application form!
To participate in the program, the applicants must pay a fee of 150 leva. The organizers will cover the costs of the participants for accommodation, meals and coffee breaks during the training meetings, part of the program.
Deadline for receiving the documents is July 15, 2018.