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Start Localy, Think Globaly - Starting a Business in Bulgaria

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10 reasons why you should start technology business in Bulgaria. Start locally, think globally

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Start Localy, Think Globaly - Starting a Business in Bulgaria

  1. 1. START LOCALLY, THINK GLOBALLY 10 reasons you should START NOW
  2. 2. ABOUT CHRIS Growth engineer @ Imagga board member @ StartUP Foundation blogger,Apple fan chris@startup.bg www.chrisgeorgiev.com
  3. 3. 33 COLOR TAGGINGCONCEPTUAL TAGGINGAUTO-TAGGING strawberry red food berry fresh fruit healthy olive green light grey grey closeup dessert organic juicy nutrition healthy beige
  4. 4. Startup Weekend Sofia No talk, all action! May 15 - 18, 2015
  5. 5. 5
  6. 6. WHY BULGARIA? #startupbg
  7. 7. #1 thriving startup community StartUP Conference with over 1000 of attendance over 200 startups funded by 6 localVCs betahaus | sofia - full to the brim Silicon Drinkabouts every week Emerging Startup Ecosystem
  8. 8. #2 LAUNCHub & 11 - EUR 20M for acceleration & seed Sofia is 3rd by # of accelerated companies (not seed and later stage) attracting tech talent from neighboring countries - Romania, Serbia, Macedonia, Croatia Access to Financing
  9. 9. #3 #3rd worldwide in number of certified IT professionals per capita #1 in EU in number of certified IT professionals #2 in EU and #5 worldwide among the most attractive outsourcing destinations 60% of Startup Weekend participants are developers Abundance of TechTalent
  10. 10. #4 7th in the world on number of gold medals (22) won at International Informatics Olympiad (Germany - 14) 3rd in the World in well experienced software engineers and project managers, working in multinationals vibrant dev community with lots of events and support groups Geeks Love it Here
  11. 11. #5 24.6% of the population hold university degree 35 000 students with IT related degree a year 50% of the universities in BG offer computer related programs Telerik Academy & Soft University - tailored dev education Education First
  12. 12. #6 HP GDS - 4100 employees IBM - 530 SAP - 650 Skrill (MoneyBookers) - 400 VMware - 500 Telerik - 700 Amazon, Nemetschek, Johnson Controls, Software AG, Experian Big Names are Here,Too
  13. 13. #7 Product Hunt - partly developed in Sofia SoundCloud - did have dev office in Sofia, now in Berlin Uber - over 40 developers so far BG examples - Telerik, Chaos Group (V-ray), Flipps, Imperia Online, SX Software, Imagga Trendy Startups,YEAH
  14. 14. #8 Legal Framework harmonized with EU legislation Lowest corporate rates in EU: - 10% flat rate on taxable profit - lowest social security payments in EU - accountants can do miracles!!! Legal Framework &Taxes
  15. 15. #9 2 hours flight to Berlin, Prague, Vienna Fast and cheep Internet -broadband download speed - ~34Mbit/s Lowest office rent in EU Low cost of living - Restaurant and taxi prices the lowest in EU Well Connected and Affordable
  16. 16. #10 Culture close to the principals and values of Western Europe Almost the same time zone - 1 hour difference Germany, 2 - London Willingness to work overtime - most companies rarely pay overtime Work from home/freelancing is widely accepted Cultural &Time Adjustments
  17. 17. #11 45.5% of the population speaks at least one foreign language English, German - most popular Over 25 different languages spoken Unique specialized language schools We speak languages
  18. 18. THINK GLOBALLY EU is not big enough!
  19. 19. Bulgaria is not big enough for most of the startup ideas There’s bigger world with much more opportunities Need to know the world to serve it - travel, learn languages Different work skills are required - sales, presentation skills, etc. Think BIG, your big is not big enough, trust me Do it NOW! Concur the World
  20. 20. @chrisgeorgiev www.imagga.com chris@startup.bg Questions?

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