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.

Sofia Development Association presented the Sofia Innovation Fund as Good Practice at a Partnership Meeting under the "Finance for Social Change"

On 21st of March 2019, in Karlsruhe was held a meeting under the project „Finance for Social Change“. The topic of the training of trainers event was „Knowledge exchange on public benefit support to foster social enterprises“. Partner organizations from Hungary, Austria, Germany, Romania, Slovakia, Slovenia, Croatia, Serbia and Moldova presented good practices that have led to a change in policies at local and national level. As a partner in the project, SDA presented the Sofia Innovation Fund, which is a good example of public-private financing of social innovations. The participants exchanged experience and discussed in details the strengths and weaknesses of the practices. The practiced presented and lessons learned will provide a basis for assessing the readiness for socially-oriented investments in the Danube region of the European Union.

Project co-funded by European Union funds (ERDF, IPA, ENI). 
More information can be found at


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