Admission for Endeavor’s Dare to Scale 2023 Program is Open

Endeavor’s Dare to Scale (D2S) growth program will take place for a fifth consecutive year. Starting today, 10 April 2023, the platform is open, and all companies with a turnover of more than BGN 200,000 in the past year and up to 150 employees can apply to participate at this link. The deadline for applications is 30 April 2023. The program is organised by the Bulgarian office of the global entrepreneurial network Endeavor with Postbank as the main partner, with the support of Software Group, the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), the European Bank for Reconstruction and Development (EBRD), as well as with equity partner SeedBlink.

The program is open to companies that already have a proven product or service on the market, from all sectors of the economy and from all regions in Bulgaria. Entrepreneurs who have expressed interest in participating and have completed the application form will go through a selection process in which the Dare to Scale team, mentors and business leaders from the Endeavor network will choose the final participants. Similar to last year, one of the spots in the program is reserved for an organisation/company developing its work for the benefit of society.

So far, over 80 entrepreneurs from 43 companies have taken part in the previous editions of Dare to Scale, with seven of them receiving funding for a total of over BGN 3 million after their participation in the programme. In 2022, 40 mentors worked with the companies and a total of over 140 hours of training and meetings were held. Two of the companies received funding from a D2S alumni participant and strategic partnerships were formed between the individual companies. Among the keynote speakers at the workshops were Vasil Terziev (Partner at the Eleven Fund), Svetozar Georgiev (Co-founder of Telerik Academy and the Campus X incubator), Vins Gaydardzhiev (Founder of Alcatraz.ai), Hristo Hristov (Executive Director of Darik Radio), Filip Popov (Head of Small Business Banking Division at Postbank) and others. Detailed information about the program is available here.

Dare to Scale will take place in Sofia and will last four months – from September to December 2023. Company founders will have the opportunity to participate in specialized trainings in key areas for the development of any scaling business: organization management, marketing and sales, business planning and capital raising. Each company will have access to Endeavor’s local mentor network, whose mentors will support the founders with their entrepreneurial expertise. In addition, partners and directors from the consulting firm PwC Bulgaria will work individually with all participants for a second year. They will hold regular mentoring meetings, using their extensive experience and expertise to help entrepreneurs overcome key challenges and develop opportunities in their businesses.

The participants will be able to join events during which they will get to know and exchange experiences with key figures in the entrepreneurial ecosystem. The program will conclude with the final Demo Day event, during which the companies will present their businesses to a jury of established business leaders.

Momchil Vassilev, Managing Director of Endeavor Bulgaria:

“We are happy and proud that the Dare to Scale programme is an important part of the entrepreneurial ecosystem in Bulgaria for a fifth consecutive year. We believe that this year we will select again a new group of inspiring and ambitious entrepreneurs, who, with their businesses, are changing not only the economic environment in our country but also the shape of our society. Based on the trainings, mentoring sessions and events in the programme, we aim to build on their knowledge and prepare them to scale their businesses to new heights, even beyond those they have imagined. We are happy to have the resources, experience and mentoring network to give the startups in the advanced stage of their development a boost in their growth journey.”

Petia Dimitrova, CEO and Chairperson of the Management Board of Postbank:

“For a fifth consecutive year, we share the satisfaction of being part of Dare to Scale – a project with ambitious goals and real achievements. The programme is convincing proof of the power of entrepreneurial drive and the ability to turn this energy into measurable results. After four successful editions, we appreciate even more the potential of young companies that create value for the economy because we can follow their impressive development and encourage them with our experience and self-confidence as innovators. We believe this is the formula for successful synergy in the ecosystem and this motivates us to invest in this model that reflects our vision of interconnectedness and growth.”

About Endeavor

Endeavor is an international non-profit organization with offices in 40 locations that helps entrepreneurs with big ideas and businesses grow quickly internationally. Endeavor’s entrepreneurs have the potential to change their countries and the world – they can be the key to long-term economic growth, job creation and innovation. Endeavor provides the selected entrepreneurs with access to markets, capital and talent in its network of over 4,000 mentors and world-class investors. In Bulgaria, Endeavor launched in July 2015 with the aim of expanding the organization’s presence in Europe. To date, the Bulgarian office has supported 100+ entrepreneurs from 50+ companies in three programs – Endeavor Global Program, Regional Support Program and Dare to Scale. These entrepreneurs have created over 2,300 jobs and generated revenues of BGN 320 million in the past year. www.endeavor.bg