Support the Growth of Bulgaria Startup Ecosystem

Dear friend,

Thank you for your continued support!

2021 was an incredible year full of many challenges and successes for us and the Bulgarian startup community we collectively support. Despite the constant changes surrounding the global pandemic we managed to achieve great success in all areas of impact:

• Hosted 2 virtual iterations of BIH startup accelerator programs (spring and fall 2021)
• Welcomed 35 startups into our portfolio in less than three years (2019-2021)
• BIH gets featured in the European Innovation Hubs in Silicon Valley report
• Celebrated the successful completion of the spring cohort in July of 2021 during a graduation ceremony that brought together the SEE entrepreneurial, VC and partner community in Sofia, Bulgaria. 
• In December we co-hosted a CEE Christmas party in San Francisco with our partners from CzechInvest, Cytowski & Partners, representing Poland, and the Hungarian Consulate in San Francisco. We honored SEE entrepreneurs, VCs and the local community members that supported their journey. 
• Raised more than $435K from ecosystem partners in the US and in Bulgaria
• Surpassed our 3 year fundraising goal of $175K in year one (2021) of the grant agreement with Foundation America for Bulgaria. 
• BIH alumni startups raised over $40M, created 150 new jobs and added 2,000 new clients. 

Together we accomplished a lot, and continue to move forward in our ongoing commitment to support the efforts of aspiring entrepreneurs from Bulgaria and the SEE region who are shifting boundaries and creating lasting impact in their local communities and beyond. 

We are grateful for your generous contributions and look forward to sharing more success in the future. 

Warmest regards,
The BIH team 

Links:

• How co-investing in Bulgarian talent can ignite success
• Before and after: What did the founders from the fourth BIH coho
• BIH gets featured in the European Innovation Hubs Report