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Kiril Petkov Innovation Explorer 2019

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This document discusses innovations in existing industry clusters in Bulgaria as a driver for economic competitiveness. It notes Bulgaria has experienced continuous trade deficits and government and private sector borrowing. To increase exports by 8 billion euros and raise standards of living, it argues Bulgaria needs to create new, innovative companies with competitive, high value-added products. One example described is a traditional Bulgarian yogurt starter culture that has been innovated into a plant-based probiotic supplement patented for use in food. The document advocates working with universities like Harvard to develop new biotech startups applying science and addressing issues like contraception, heart health and food preservation without chemicals.

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Innovations in Existing Clusters as an Economic Driver for Competitiveness
THE CONTEXT: ECONOMIC CYCLE Recovery - Spring Peak - Spring Recession - FallTrough - Winter Just wait for the next economic cycle?
ECONOMIC CYCLES IN BULGARIA (GROWTH RATES - % OF GDP)
FOREIGN DIRECT INVESTMENT (FDI) WE ARE MISSING 8 BILLION EUROS? FDI in EUR millions: 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,052 6,728 2,437 1,151 1,746 1,320 1,383 1,160 2,534 701 902 1,101
CONTINUOUS TRADE DEFICIT Trade Deficit: for the last decade we are importing more than exporting
CONTINUOUS GOVERNMENT BORROWING The government keeps on increasing our foreign debt:
CONTINUOUS PRIVATE SECTOR BORROWING
WHAT ARE THE OPTIONS? Option 1 Find new foreign direct investments for Euro 8 billion. Option 2 Increase exports with Euro 8 billion Option 3 Accept lower standard of living
HOW CAN WE INCREASE OUR EXPORTS WITH EURO 8 BILLION? Option 1 By creating new innovative companies with products and services that are with high value added and are competitive in the international markets. Option 2 To sell products and services at lower prices than the international competition. Low standard of living
HOW EASY IS TO CREATE COMPETITIVE COMPANIES IN 2018? 1874 1) Having a good idea 2) Setting up a company 3) Start of manufacturing Alexander Bell Bell Telephone Company 2018
42% of the Bulgarian economy is in traded clusters and Construction constitutes 19% of the traded clusters revenues 12% 22% 42% 45% 23% 4% 14% Revenues (000 EUR) 100% Employees Companies 4% Traded 79.109.955 2% 2.772.779 Natural Resource Driven 373.760 Unclassified Local 40% 39% 53% Note: Local cluster is the one, serving only the local market Source: Centre for Economic Strategy and Competitiveness, Amadeus, European Cluster Observatory CLUSTER DISTRIBUTION IN BULGARIA
OPPORTUNITY FOR COMPETITIVENESS: EXISTING TRADED CLUSTERS WITH EXPORT POTENTIAL Note: Local cluster is the one, serving only the local market Source: Centre for Economic Strategy and Competitiveness, Amadeus, European Cluster Observatory Farming & animal husbandry Agricultural pr. Processed food Agri-food IT & Outsourcing Paper pr. Maritime Textiles Other Aerospace Sport & Recreation goods Construction Metal manuf. Automotive Processed food Buildings related T&L Heavy Machinery Production tech. Transport Eq & Machine building Oil and gas Other Tourism & hospitality T&L Local Transport & Logistics Pharmaceuticals Local Healthcare Maritime Tobacco Local Natural resource driven Chemical OtherTelecom Business services Local Instruments Medical devices Other Lighting & electrical eq. Power Metal manuf. IT Telecom Electronics & Electrical Natural resource driven Construction Automotive Textiles Pharmaceuticals Oil and gas Buildings related Paper pr. Plastics Chemical pr. Other Priority sectors and clusters in them (revenues) The activities in every priority sector are related to various clusters Cluster name Priority sector
13 L. bulgaricus L. Lactis (4 cells) TRADITIONAL CLUSTER: BULGARIAN YOGURT STARTERS
14 PROVIOTIC: INNOVATION WITH THE TRADITIONAL YOGURT STARTER CULTURE Plant based good bacteria (L. bulgaricus GLB44) Extracted from the Snowdrop flower in the mountains of Southeast Europe Grown in certified organic vegetable juice. Contains only L. bulgaricus GLB44 and traces of organic vegetables. There are no carriers, no fillers, no preservatives, no artificial ingredients.
15 PROVIOTIC HAS TWO US PATENTS FOR THE USE OF L. BULGARICUS GLB44 AS A PATHOGEN INHIBITOR IN FOOD
Juice Press has now 50 locations in Manhattan, it adds ProViotic to all of its juice recipes! 16 JUICE PRESS: PROVIOTIC IN RAW JUICE
仂弍亳仂亳从 CLEAN LABLE: FIRST FERMENTED SAUSAGES WITHOUT NITRATES
仂弍亳仂亳从 CLEAN LABEL HUMUS NO PRESERVATIVES
FIRST VEGAN ORGANIC PROBIOTIC THE ONLY PROBIOTIC THAT IS DISCOVERED ON A FLOWER AND GROWN IN JUICE Certified organic 100% vegan No major allergens (lactose free, gluten free, soy free, nuts free) No artificial ingredients No GMO No bloating (homofermentative) Researched by Harvard Medical School scientists
20 WORKING TOGETHER WITH NOBEL LAUREATE DR. MARSHALL AND HARVARD MEDICAL SCHOOL
PROVIOTIC FEATURED IN:
OPRAHS CHOICE FEATURED IN O-MAGAZINE
THE LIFE SCIENCES LAB AT HARVARD
Kiril Petkov Innovation Explorer 2019
Meeting place for all young scientists in the field of life sciences Course for entrepreneurship and innovation in life sciences Applied biotechnology laboratory
Kiril Petkov Innovation Explorer 2019
DR. TROPCHEVA THE YOUNG SCIENTIST MANAGING CASI
BIOTECHNOLOGY LABORATORY
ENTREPRENEURSHIP AND INNOVATION COURSE
SCHUMPETER CREATIVE DESTRUCTION Creative Destruction Status Quo Invention Innovation Imitation and the Role of the Entrepreneur
Cardio Probiotic with Antioxidants from Grapes Skins Contraceptives with antifungal properties The first Symbiotic: L. bulgaricus and Spirulina Good bacteria as a preservative to meat (no nitrates) Anti-microbial food packaging THE NEW BIOTECH STARTUPS Subscription Tampon Company with Personal Diagnostics

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Kiril Petkov Innovation Explorer 2019

  • 1. Innovations in Existing Clusters as an Economic Driver for Competitiveness
  • 2. THE CONTEXT: ECONOMIC CYCLE Recovery - Spring Peak - Spring Recession - FallTrough - Winter Just wait for the next economic cycle?
  • 3. ECONOMIC CYCLES IN BULGARIA (GROWTH RATES - % OF GDP)
  • 4. FOREIGN DIRECT INVESTMENT (FDI) WE ARE MISSING 8 BILLION EUROS? FDI in EUR millions: 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 9,052 6,728 2,437 1,151 1,746 1,320 1,383 1,160 2,534 701 902 1,101
  • 5. CONTINUOUS TRADE DEFICIT Trade Deficit: for the last decade we are importing more than exporting
  • 6. CONTINUOUS GOVERNMENT BORROWING The government keeps on increasing our foreign debt:
  • 8. WHAT ARE THE OPTIONS? Option 1 Find new foreign direct investments for Euro 8 billion. Option 2 Increase exports with Euro 8 billion Option 3 Accept lower standard of living
  • 9. HOW CAN WE INCREASE OUR EXPORTS WITH EURO 8 BILLION? Option 1 By creating new innovative companies with products and services that are with high value added and are competitive in the international markets. Option 2 To sell products and services at lower prices than the international competition. Low standard of living
  • 10. HOW EASY IS TO CREATE COMPETITIVE COMPANIES IN 2018? 1874 1) Having a good idea 2) Setting up a company 3) Start of manufacturing Alexander Bell Bell Telephone Company 2018
  • 11. 42% of the Bulgarian economy is in traded clusters and Construction constitutes 19% of the traded clusters revenues 12% 22% 42% 45% 23% 4% 14% Revenues (000 EUR) 100% Employees Companies 4% Traded 79.109.955 2% 2.772.779 Natural Resource Driven 373.760 Unclassified Local 40% 39% 53% Note: Local cluster is the one, serving only the local market Source: Centre for Economic Strategy and Competitiveness, Amadeus, European Cluster Observatory CLUSTER DISTRIBUTION IN BULGARIA
  • 12. OPPORTUNITY FOR COMPETITIVENESS: EXISTING TRADED CLUSTERS WITH EXPORT POTENTIAL Note: Local cluster is the one, serving only the local market Source: Centre for Economic Strategy and Competitiveness, Amadeus, European Cluster Observatory Farming & animal husbandry Agricultural pr. Processed food Agri-food IT & Outsourcing Paper pr. Maritime Textiles Other Aerospace Sport & Recreation goods Construction Metal manuf. Automotive Processed food Buildings related T&L Heavy Machinery Production tech. Transport Eq & Machine building Oil and gas Other Tourism & hospitality T&L Local Transport & Logistics Pharmaceuticals Local Healthcare Maritime Tobacco Local Natural resource driven Chemical OtherTelecom Business services Local Instruments Medical devices Other Lighting & electrical eq. Power Metal manuf. IT Telecom Electronics & Electrical Natural resource driven Construction Automotive Textiles Pharmaceuticals Oil and gas Buildings related Paper pr. Plastics Chemical pr. Other Priority sectors and clusters in them (revenues) The activities in every priority sector are related to various clusters Cluster name Priority sector
  • 13. 13 L. bulgaricus L. Lactis (4 cells) TRADITIONAL CLUSTER: BULGARIAN YOGURT STARTERS
  • 14. 14 PROVIOTIC: INNOVATION WITH THE TRADITIONAL YOGURT STARTER CULTURE Plant based good bacteria (L. bulgaricus GLB44) Extracted from the Snowdrop flower in the mountains of Southeast Europe Grown in certified organic vegetable juice. Contains only L. bulgaricus GLB44 and traces of organic vegetables. There are no carriers, no fillers, no preservatives, no artificial ingredients.
  • 15. 15 PROVIOTIC HAS TWO US PATENTS FOR THE USE OF L. BULGARICUS GLB44 AS A PATHOGEN INHIBITOR IN FOOD
  • 16. Juice Press has now 50 locations in Manhattan, it adds ProViotic to all of its juice recipes! 16 JUICE PRESS: PROVIOTIC IN RAW JUICE
  • 17. 仂弍亳仂亳从 CLEAN LABLE: FIRST FERMENTED SAUSAGES WITHOUT NITRATES
  • 19. FIRST VEGAN ORGANIC PROBIOTIC THE ONLY PROBIOTIC THAT IS DISCOVERED ON A FLOWER AND GROWN IN JUICE Certified organic 100% vegan No major allergens (lactose free, gluten free, soy free, nuts free) No artificial ingredients No GMO No bloating (homofermentative) Researched by Harvard Medical School scientists
  • 20. 20 WORKING TOGETHER WITH NOBEL LAUREATE DR. MARSHALL AND HARVARD MEDICAL SCHOOL
  • 23. THE LIFE SCIENCES LAB AT HARVARD
  • 25. Meeting place for all young scientists in the field of life sciences Course for entrepreneurship and innovation in life sciences Applied biotechnology laboratory
  • 27. DR. TROPCHEVA THE YOUNG SCIENTIST MANAGING CASI
  • 30. SCHUMPETER CREATIVE DESTRUCTION Creative Destruction Status Quo Invention Innovation Imitation and the Role of the Entrepreneur
  • 31. Cardio Probiotic with Antioxidants from Grapes Skins Contraceptives with antifungal properties The first Symbiotic: L. bulgaricus and Spirulina Good bacteria as a preservative to meat (no nitrates) Anti-microbial food packaging THE NEW BIOTECH STARTUPS Subscription Tampon Company with Personal Diagnostics