German connections: a strategic partnership for tech growth
Germany has been a longstanding partner in Bulgaria’s technology journey. Major companies like SAP, Bosch, and SUSE operate large IT hubs in Bulgaria, employing thousands of software engineers.
With over 500,000 Bulgarians speaking German, the language and cultural ties further strengthen the partnership potential between the two nations.
Additionally, Chaos, a global leader in 3D visualization, was founded in Bulgaria and now operates out of Karlsruhe, Germany, symbolizing the growing synergy between these two tech ecosystems.
Simon Wittmann from Invest in Bavaria, where he handles Investor Services, Energy & Startups noted, “Bavaria is a natural partner for Bulgaria’s fast-growing tech sector, and we believe this partnership will open doors to new collaborations and innovations across Europe.”
Simon Wittmann, Invest in Bavaria | Credit: Bits&Pretzles2024
Bits & Pretzels 2025: Bulgaria’s impact
For the first time, Bulgaria shared the stage with tech powerhouses like Sweden and France at the opening ceremony of Bits & Pretzels 2025. Teodor Antonio Georgiev, co-founder of #BreakingGrounds, introduced Bulgaria’s tech ecosystem to a global audience, following in the footsteps of past speakers such as Barack Obama and Arnold Schwarzenegger.
In addition, one of Bulgaria’s fastest-growing scale-ups, Evrotrust, delivered a 90-second pitch, presented by Konstantin Bezuhanov, the CEO of the digital identity company, further solidifying Bulgaria’s tech boom and its potential to attract global investments.
Konstantin Bezuhanov, Evrotrust | Credit: Bits&Pretzles2024
Bulgaria & Germany: innovation and investment opportunities
The delegation left a lasting impression with a cutting-edge masterclass titled “The Innovator’s Dilemma: How to Revolutionize Business Value Using Today’s AI Technology.” The event explored the pivotal role of AI in shaping the future of business value with some of Bulgaria’s top industry leaders. Petar Dimov, CTO of Integrator JSC, Todor Todorov, CEO of Bronia, and Stephane Gantchev, Partner at LAUNCHub Ventures demonstrated how Bulgarian companies are not just adopting technology but are using it to transform industries.
The event “Entering the German Tech Market: Opportunities for Southeast Europe,” co-hosted by Invest in Bavaria and Creandum, attracted over 100 participants, including industry heavyweights like BlackRock, McKinsey, and Intel.
“Bulgaria’s tech ecosystem is rapidly becoming a force in Europe. The country’s deep tech capabilities and entrepreneurial spirit make it an ideal partner for German investors and corporates looking to scale innovation,” commented Jakob Stein, VP of Creandum.
Bulgarian tech is ready for the global stage
With a flourishing ecosystem, strategic partnerships, and growing international recognition, Bulgaria’s tech sector is making a significant impact on Germany’s economy and beyond.
“Bulgaria is at a pivotal point. We are harnessing the power of AI, deep tech, and innovation to drive value, and we’re ready to take our place on the world stage, concluded Iskren Krusteff, CEO of Integrator JSC, main partners of #BreakingGrounds.
The next wave of innovation and investment may very well be coming from Southeast Europe, and Bulgaria is ready to lead the charge.
Source link : https://therecursive.com/oktoberfest-2024-bulgaria-breaking-grounds-germany-startup-bits-pretzels/
Author :
Publish date : 2024-10-02 15:33:17
Copyright for syndicated content belongs to the linked Source.
