The National Innovation Fund (NIF) is a key instrument for promoting innovation, technological development and applied research in Bulgaria. NIF supports projects that transform knowledge, expertise and entrepreneurial drive into new products, services, processes and technological solutions that deliver tangible value to the economy and society.

At the core of the National Innovation Fund’s activities is the recognition that innovation is a key driver of sustainable growth, enhanced competitiveness and the modernisation of Bulgarian enterprises. By providing financial support, the Fund creates opportunities for ambitious ideas to develop, new technologies to be introduced, and stronger links to be established between business, research and the public sector.

The National Innovation Fund directs its support towards projects with strong potential for practical application, market uptake and contribution to the development of Bulgaria’s national innovation ecosystem. NIF supports enterprises at different stages of their innovation journey — from developing new concepts and solutions to testing, refining and deploying them in real-world environments.

As part of Bulgaria’s national innovation policy, the Fund plays an important role in stimulating research and development (R&D), fostering technology transfer and creating favourable conditions for the more active participation of Bulgarian organisations in national and international initiatives.

Through its activities, the National Innovation Fund contributes to building a more competitive, connected and resilient economy, where innovative ideas receive the support they need to become tangible solutions for businesses, society and Bulgaria’s future.