Ryan Fischer: Bulgaria is becoming a place for key technological innovations

Over the past few years, Bulgaria has become known for its robust business process outsourcing (BPO) industry. I think that in the coming years we will see that Bulgaria will become a place for key technological innovations. This was stated by Ryan Fischer, former Vice President of Bank of America in its HQs in Charlotte, North Carolina, who is now the CEO of the consulting company for the management of boutique projects Hill City Global in Sofia.

He is currently participating in a series of meetings between Bulgarian and American businesses that are taking place in the United States. The events are organized by the InvestBulgaria Agency (IBA) under the project “Confirmation of Bulgaria as a successful investment destination” within the Operational Program “Innovations and Competitiveness” 2014-2020.

Fisher also pointed out that the meetings of the Bulgarian representatives with businesses in the USA are developing excellently, and the initiative has given interested investors a rare opportunity to get to know the incredible innovative business ecosystem that exists in Bulgaria.

“Many people in America have not heard of Bulgaria and often ask where it is. My first answer is to explain to them that it is a strategic location for any business in any sector,” adds the former VP of Bank of America.

Bulgaria is unique because it offers relatively cheap operating costs for investors, as well as an established innovation ecosystem, which makes it a great place for companies to develop their products, noted Fisher.

When asked why he chose to help represent our country abroad, Fischer replied that for many American companies, Bulgaria is not a place where they consider doing business, simply because they do not know everything that Sofia and the rest of the country can offer .

“I think it will be useful for other professionals like me, who want to work abroad, to understand what opportunities they are missing in Bulgaria,” said Fischer, who is a leading speaker at the two forums planned for the project.

The first event took place yesterday in Sunnyvale (Silicon Valley), California, at the headquarters of the world’s largest accelerator Plug and Play and focused on the Outsourcing and Information Technology (IT) sectors and the second will be tomorrow in Portland, Oregon and will focus on the Electronics and Information Technology sectors.

The Bulgarian delegation is led by the executive director of IBA Mr. Bogdan Bogdanov, and includes representatives of the American Chamber of Commerce in Bulgaria (AmCham), the Bulgarian Startup Association (BESCO), experts, company managers, the Deputy Mayor of Plovdiv Stefan Stoyanov, the Deputy Mayor of Sofia Doncho Barbalov, the General Director of BTA Kiril Valchev.

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