Business in Bulgaria

A new venture has been established to identify, commercialise and secure funding for the most promising technologies from Bulgaria.

Cosmos Technology, an international commercialisation company, has announced it will collaborate with Oxford-based Isis Enterprise to build a core team of up to 15 technology-transfer professionals, based in Sofia. The group will establish relationships with leading Bulgarian research institutes including the Bulgarian Academy of Sciences, Sofia University and government research groups.

Isis Enterprise is the external innovation consulting division of Oxford University’s technology-transfer company, Isis Innovation. It has worked with clients from more than 30 countries, many of them governments, to accelerate the exploitation of knowledge from the local university research base.

Dr David Baghurst, head of Isis Enterprise, said: 'We plan to build a commercialisation business in Bulgaria which will be self-sustaining and attract venture investment. Technology will be commercialised through both spin-out and licensing, and the income will be shared with the researchers and institutions.