Creative Business Cup Bulgaria 2024

The global stage awaits your ideas - Creative Business Cup Bulgaria 2024

On 15.01.2024, the recruitment of applications for participation in the competition started Creative Business Cup Bulgaria 2024. The organizers of the national competition - CreaTech Bulgaria and Business Innovation Center INOBRIDGE - invite start-ups and innovative entrepreneurs from the creative industries from all over the country to participate in the competition to announce a national winner, who will have the opportunity to present Bulgaria to the world finals of Creative Business Cup 2024 in Copenhagen, Denmark.

Creative Business Cup is an annual international competition in which representatives of over 80 countries from around the world take part and aims to determine the best creative startup in the world. Every year in Copenhagen, the winners of the national editions of Creative Business Cup have the unique opportunity to present themselves on the international stage and compete for numerous awards, but also for market recognition and funding from foreign investors. In addition, in line with the philosophy of the event, all participants in the finals have access to:

  • inspiring panel discussions with leading entrepreneurs, experts and politicians from around the world;
  • an opportunity to make fruitful contacts and exchange ideas and experience with other winners of national publications.

WHEN AND WHERE:

  • Applications are being accepted from 15.01.2024 to 23.02.2024 on the official F6S competition platform;
  • An expert jury will determine the 6 companies that will receive the right to participate in the national finals of Creative Business Cup Bulgaria 2024;
  • The national finals of Creative Business Cup Bulgaria 2024 will take place on 29.02.2024 in the city of Sofia within the framework of the international conference of creative industries Createch Summit South-East Europe 2024. Each of the selected companies will present their innovative idea to the jury as follows: 3 minutes of pitch and 6 minutes of Q&A.
  • The national winner will represent Bulgaria at the international competition Creative Business Cup, which will be held on 02-03.06.2024 in Copenhagen, Denmark. Before that, in May, all national winners will have access to Creative Business Cup Academy, special training that aims to help them develop and refine their ideas and concepts into a sustainable business.

Applications for participation, as well as the presentation of the national and world finals, are in English.

WHO CAN PARTICIPATE IN CREATIVE BUSINESS CUP BULGARIA:

Entrepreneurs from the creative industries* are welcome to apply to the competition. There are no requirements for the participating company regarding age, turnover or number of employees.

Applicants should:

  • have a company registered in Bulgaria;
  • their business is based on creativity and innovation;
  • have an idea with market potential;
  • own the intellectual property rights of the idea with which they enter the competition;
  • have not received more than $1 million in outside capital investment in the past.

* Creative industries include the following fields: advertising, architecture, craft, design, experience technology, fashion, cinema, television and photography, gastronomy, leisure activities, music, performing arts, publishing, radio and television, software - computer games and electronics , 3D printing, toys and games.

Applications are closed

WHAT THE NATIONAL WINNER GET:

  • Opportunity to present and demonstrate your product to Creative Business Cup 2024, a global forum and network featuring mentors, entrepreneurs and investors, receiving free admission and providing airfare and accommodation to the event on June 2 and 3, 2024. in Copenhagen, Denmark;
  • Opportunity to win various prizes from leading companies and mentors at the World Finals of Creative Business Cup 2024. Each year, these prizes amount to nearly 200,000 euros, offered by mentors and partners (such as Miro, SLUSH, Next Atlas, Hubspot, CVX Ventures, VNTRS Studio, Corebook and many others in 2023);
  • Online training in Creative Business Academy before the global finals with a program focused on internationalization and reaching new markets. During the Academy, startups will receive detailed information about the upcoming World Finals - what to expect, how to prepare - and will meet Academy trainers: experts in the art of storytelling, pitching, communication, business development and investment;
  • Join the global startup community, with invitations to free special programs and events hosted by Creative Business Network.
  • Media coverage on the channels of CreaTech Bulgaria, Business Innovation Center INOBRIDGE, Bloomberg TV Bulgaria, Internet Media Group and other partner organizations.
  • Strategic meeting-conversation to study the business and give directions to improve its activity, provided by EY Bulgaria.
  • Digital4 Premium Access Card 2024 - Annual Premium ticket for exclusive access to all in-person events on the Digital4 calendar nationwide, powered by Internet Media Group.

WHAT THE ENTRANT RECEIVES IN THE CONTEST:

  • Free access to the Creative Business Cup 2024 global initiative on June 2 and 3, 2024. in Copenhagen, Denmark. The event offers great opportunities for each participant to present themselves on the international stage, expand their network and be inspired by all the creative and highly skilled professionals present.
  • Join the global startup community, with invitations to free special programs and events hosted by Creative Business Network.
  • Media coverage on the channels of CreaTech Bulgaria, Business Innovation Center INOBRIDGE and other partner organizations.
  • Strategic meeting-conversation to study the business and give directions to improve its activity, provided by  EY Bulgaria.
  • MyClusterDesktopFree 12 month cloud workspace subscription provided by MyClusterDesktop.

SPECIAL PRIZE of Beyond.:

  • Participation in a creative pre-accelerator organized by Beyond Accelerate. Beyond is a pre-accelerator of JA Bulgaria and its subsidiary The Edge: R&BD. With over 20 years of experience in entrepreneurship education and the creation of innovative start-up companies, Beyond has perhaps the largest start-up ecosystem including 30+ partners across Europe, including the European Institute of Innovation and Technology.

EVALUATION CRITERIA

The national winner will be selected according to the following criteria:

  1. Creativity and innovation
    • Changing the value chain in the creative industries or using creative skills to change value chains in other industries;
    • The use of creative skills is the basis for business success;
    • Engaging clients or other stakeholders in creative processes;
    • Availability of innovations in terms of product service, social relations, approach to customers, market, etc.
  2. General business performance
    • Availability of a good team with complementary skills and experience;
    • Demonstrated financial and strategic acumen in the team, combining creative and business skills.
    • Presentation of a stable business model;
    • Adequacy in intellectual property rights matters.
  3. Market potential
    • Investment potential and scalability;
    • Unique competitive advantages;
    • Creation and impact on new markets;
    • Good representation of the existing market situation;
    • Good knowledge of the risks, challenges and opportunities of the environment.

Applications are closed

Get inspired by some of the previous winners of the Creative Business Cup World Finals: