Innovation Accelerator
We invest only in good people

About Us

Innovation Accelerator is a EUR 15.6 million fund financed by the Fund Manager of Financial Instruments in Bulgaria and private capital with the mandate to provide access to equity and quasi-equity funding to Bulgarian startup companies.

Our vision is to focus on key high-priority sectors in the local economy with high potential for disruptive and scalable innovation – including healthcare, education, care for the elderly, transport and logistics, frontier digitalization – and to support their transformation through professional innovation management in high-potential start-up and scale-up businesses. Growing these businesses to scale and establishing vertical or horizontal integration with well-established international companies and innovation leaders – in Bulgaria and internationally are our end goals.

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The Team

Operational team

Supervisory Board

Management team


Investment Policy

Our approach investing in a company includes:

Investment criteria

  • Newly-established Bulgarian enterprises with the potential to win a leading market position in their segments and which create added value for the country
  • Initial development projects that have their own innovation in technology, supply process, product patent
  • Potential or already existing  sustainable competitive advantage on a global level (brand, innovation, unique product/service, know-how, etc.)
  • A product or approach that undoubtedly results in improvement of the quality of life in Bulgaria.

Sector profile

  • Industries: Healthcare, Care for elderly, Education, Transport and Logistics, Media and Enterprise Software, FMCG
  • Validated approach in the key sectors of the fund
  • Sectors attractive for foreign investment in Bulgaria
  • Sectors with rapid growth potential and relatively low risk, in the face of a new financial crisis
  • Sectors with potential for structural change and innovation or market consolidation
  • A successful business model that guarantees growth and profitability
  • Clear strategy and growth expectations: 3x+ annually, fast scale up and internationalization potential
  • Potential for top 3 in the segment

Management Criteria

  • Clear professional reputation
  • Founders with previous startup experience and domain expertise
  • Knowledge of the industry and network of contacts in it
  • Strive for high commercial performance
  • Provide opportunities for quick “exits”
  • Preference for “exit” from the investment within 3 to 5 years
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This publication has been produced with the assistance of Operational Programme ?Development of the competitiveness of the Bulgarian economy? 2014-2020. The contents of this publication are the sole responsibility of Innovation Accelerator Bulgaria AD and can in no way be taken to reflect the position of the Fund Manager of Financial Instruments Bulgaria, European Union or Bulgarian Government.