SOFIA DEVELOPMENT ASSOCIATION was founded as non-profit organization with the decision 348
of the Sofia Municipal Council to work for the sustainable development of the capital.

SDA starts a new project: Finances4SocialChange

Social entrepreneurship has become increasingly relevant in today’s economic setting as social changes have mounted. Bulgaria and the other Danube region countries currently lag behind global trends in the field of social entrepreneurship and social impact investments.

Finance4SocialChange brings together a multi-disciplinary quadruple-helix partnership of 14 partners from 12 countries – among that SDA - and 6 associated partners from across Europe to deliver improved policy learning, and develops practical solutions on impact investing to better shape the regulatory framework for the proper functioning of the social financing sector in the Danube region. The project will work towards creating the first "Social Impact Investment Strategy for the Danube region" by paving the way for promoting more social innovations and social impact investment ready social enterprises. The project delivers 130 hours of "blended" learning experiences through the “Social Impact Investment Transnational Design Academy”, and launches the first "Business Plan Competition" warm-up 2-stage investment ready competition", funded through EUR 200,000 investment capital. A mentorship pool, the "Social Impact Investment Community Council" will be established to provide mentoring to scaling up social entrepreneurs, and will continue beyond the lifetime of the project.

On September 26 and 27, 2018, partners gathered in Budapest for a launching conference, training of trainers session and project management issues. 

Finances4SocialChange co-funded by European Union funds (ERDF, IPA, ENI)
Project website:



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