HEALTHY AND FULFILLING LIFE
BY DRIVING EVOLUTION IN HEALTHCARE

HEALTH TECH INNOVATION PROGRAM

JOIN US IN SHIFTING THE HEALTHCARE FOCUS FROM TREATING ILLNESS TO SUSTAINING WELLNESS

Innovation and technologies bring change, what we believe, to make life better and to redefine what healthcare might be. By increasing life expectancy and the proportion of elderly population overall, the focal point of our existence nowadays becomes preservation and improvement of the quality of life by enhancing physical and mental health. If you see healthcare as a holistic process resulting in a happier and fulfilling life for all generations and would like to create a whole new dimension leveraging innovation & technology, you’ve come to the right place.

Sopharma Trading and Eleven are teaming up to nourish the development and unlock the potential of healthtech ecosystem’s talent in redefining what healthcare might be.

Accessible and affordable healthcare services? Reactive to proactive health treatment? Optimized supply chain for healthcare cost reduction? How does the healthcare of tomorrow look like?

ENRICHING LIFE

We believe that the attention to our wellbeing and lifelong care in our community should be a huge part of how we live, use products and access medical services.

We encourage tech entrepreneurs to join SOinventure program powered by Eleven to enrich customers lives and receive opportunities to pilot their ambitious solutions to solve today’s health challenges. We strive to create a brand new, unique customer experience in every step of the patient journey.

FAST-TRACK INNOVATION AND BUSINESS DEVELOPMENT

With extensive experience in the health industry, Sopharma Trading is a leader embracing innovation and enabling access to a great network of resources and know-how. As a seasoned partner to technology startups, Eleven adds the mentorship and entrepreneurial expertise in order to make the SOinventure program an engine for business growth.

Join us and take advantage of the opportunity to collaborate and pilot a solution leveraging the outreach and the infrastructure of Sopharma Trading. Join in to challenge and drive the health-tech industry innovation.

OPPORTUNITY

AREAS

Building the future smart pharmacy

How might we turn the pharmacy of today into a one-stop shop for personalized health, well-being and prevention?

Lifelong digital health management

How might we transition from reactive to proactive, preventive, and holistic healthcare?

Safe, healthy and integrated elderly society

How might we improve the quality of life and care for the elderly?

Building the future smart pharmacy

How might we turn the pharmacy of today into a one-stop shop for personalized health, well-being and prevention?

Lifelong digital health management

How might we transition from reactive to proactive, preventive, and holistic healthcare?

Safe, healthy and integrated elderly society

How might we improve the quality of life and care for the elderly?

WHAT’S THE DEAL?

The startups with the best developments within the program will have the opportunity to launch a pilot with Sopharma Trading and access its robotized warehouses, diversified business universe and SOpharmacy retail chain.

It is a door-opener and sales cycle shortened for your company!

BESPOKE * NO COST * EQUITY FREE

SOinventure is an up to three-month innovation program focused on re-desiging healthcare, that enhances your product, customer and business development through design thinking principles, access to the newest technologies, cloud services, latest healthcare insights and consumer data.

PILOT-FOCUSED PROGRAM

We know it could be hard for startups to get incorporated within or to collaborate with an enterprise. The purpose of our Program is to create a favorable environment, to guide you through the process and towards a successful corporate partnership.
Our team of superheroes will be of constant support and will guide you to approach the POC phase faster.

ENGAGEMENT TO SUIT YOU BEST

You will be working closely with SEE healthcare domain experts and successful entrepreneurs, so you can elevate your products and solutions to transform the healthcare landscape. Your arrangements will be hand-picked and tailored to meet the pulse of your business and individual needs.

THE TIMELINE

  • PRE Program Phase

    30 April - 7 June: Application Submissions

  • CORE Program

    17 June - 18 August: Design Sprints, Mentorship Sessions, Workshops, Brain Jams

  • POST Program Engagement

    Potential pilot and engagement in community activities, bringing many business opportunities and fellow entrepreneurs for mutual support.

The timelines above are indicative and we reserve the right to amend or modify the Program calendar if the circumstances require such changes.

Program Terms apply, see here.

CORE

BENEFITS

Our goal is to help promising business ideas to get into the market, thus within the SOinventure program, we combine the best available, know-how, mentors and resources from the world of tech, business and healthcare. By joining forces we can achieve a better healthcare for everyone.

During the program development cycle, you will be engineering innovative solutions by having access to:

Actionable knowledge exchange, through workshops and peer to peer discussions

Expert-led sessions and design sprints covering the essential scaling fundamentals

Exclusive partner deals with 100+ leading technology providers like DigitalOcean, Amazon and Google, thanks to being part of the Global Accelerator Network

Synergetic innovation ecosystem of domain experts and practitioners

An extensive and specialized network of leading healthcare industry veterans and entrepreneurs

After the program development cycle, you do a final pitch to Sopharma Trading and Eleven and you may be invited to enter next phase corporate engagement to bring innovation at scale:

Opportunity to receive investments from Sopharma Trading or Eleven Founders Fund

Get faster market introduction and client engagement

Tailored pilot support provided by the Eleven team, aiming to act as a roadblock removal along the pilot process

Shorten your products’ enterprise sales cycle

Start local, become international via a market-wide launch within Sopharma Trading’s network

Access to prominent international events and conferences

WHO CAN

APPLY

If your team already has proof of concept targeted at the health-tech industry or completed a market-ready solution, you are the right fit for the SOinventure program.

01.

STAGE

Startups and scale-ups having a market-tested solution

02.

TEAM

An experienced team with an entrepreneurial & inveturous spirit

03.

SOLUTION

A Product addressing one of our ‘opportunity areas’

04.

COMMITMENT

Committed and dedicated founders, ready to lead future pilot-centred projects with healthcare corporates

MENTORS

Our mentors come from various backgrounds in business, technology and healthcare. They are people leading the change in their fields. The collective expertise which they bring will help to orchestrate your international success.

CORE NETWORK

  • Daniel Tomov
    Daniel Tomov Managing Partner, Eleven
  • Vassil Terziev
    Vassil Terziev Managing Partner, Eleven
  • Ivaylo Simov
    Ivaylo Simov Managing Partner, Eleven
  • Dimitar Dimitrov
    Dimitar Dimitrov CEO, Sopharma Trading Group
  • David Coles
    David Coles Strategic Development Non-executive, Sopharma Trading
  • Ventsislav Marinov
    Ventsislav Marinov Chief Corporate Strategy Execution Officer, Sopharma Trading Group
  • Prolet Philippen
    Prolet Philippen Chief Innovation Officer, Sopharma Trading
  • Milos Ristic
    Milos Ristic CEO, Sopharma Trading d.o.o Serbia
  • Dimitar Nikolov
    Dimitar Nikolov CFO, Sopharma Trading
  • Valeria Vidulova
    Valeria Vidulova Retail Business Unit Head, Sopharma Trading
  • Michaela Karamanolova
    Michaela Karamanolova Medical Equipment Business Unit Head, Sopharma Trading
  • Plamen Kolev
    Plamen Kolev Wholesale Business Unit Head, Sopharma Trading
  • Rene Tomova
    Rene Tomova Co-Founder, Creative Shower
  • Svetla Simidchieva
    Svetla Simidchieva CEO, Placement Feed
  • Mladen Tomov
    Mladen Tomov Founder, Co-Transition
  • Jordan Petrov
    Jordan Petrov Managing Partner, Kickflip
  • Christian Tanev
    Christian Tanev Co-founder and Managing Partner, Develor Bulgaria

AUGMENTED

  • Boyko Iaramov
    Boyko Iaramov Co-Founder, Telerik Academy, Campus X
  • Svetozar Georgiev
    Svetozar Georgiev Co-Founder, Telerik Academy, Campus X
  • Miroslava Georgieva
    Miroslava Georgieva Commercial Director, Gfk
  • Radostin Deyanov
    Radostin Deyanov Attorney-at-Law, PwC
  • Georg Shikov
    Georg Shikov Attorney-at-Law, PwC
  • Zoran Arsovski
    Zoran Arsovski Digital Consultant, Verto Digital
  • Maria Gergova-Bengsston
    Maria Gergova-Bengsston ЕО SEE Chapter President, Entrepreneurs'​ Organization
  • Mihaela Pierova
    Mihaela Pierova General Manager Nordic Countries, Sanofi
  • Christina Nesheva
    Christina Nesheva Innovation Manager, Glaxo
  • Anna Zlateva
    Anna Zlateva Chief Regulations Affairs officer

EXTENDED

PARTNERS

Collaboration between

The Core Program will be designed and co-executed with the leaders of the Eleven Design Lab – Creative Shower.

Home

Our partners are industry leaders, whose involvement will accelerate your growth. You will have access to vertical-specific know-how, latest industry insights and innovative services.

logo_vertical2x
Home

Resources

Our resource partners will help you to speed up your growth.

FAQ

Who runs/initiated the SOinventure program?

The initiative is a joint effort between Sopharma Trading and Eleven Ventures. It is inspired by Sopharma Trading, who bring their knowledge and expertise, while Eleven is the program manager.

What is the duration of the program?

The program’s core development cycle has a duration of up to three months, depending on the maturity of your company’s products and solutions.

Is there a fee for participating in the program?

No. The program is completely free for the participating companies and there is NO fee or equity being taken.

What are the main phases of the Program?

Pre-program Phase

The Selection Jury comprising experts from Sopharma Trading and Eleven will review your application to get acquainted with your product / solution and team, and will evaluate potential collaborations with Sopharma Trading or its clients. In case initial fit is identified, you will be invited to an interview with Eleven – the main objective is to discuss your interest in participating in SOinventure and examine the potential benefits for the core program phase.

Core Program Phase

During the main course of the Program, you will participate in a careful selection of workshops, mentoring sessions and design sprints, and will work to refine your business model to better fit the market opportunity.

SOinventure’s objective is to provide for the perfect position to explore pilot opportunities with Sopharma Trading and potential integration into their business model.

Post-program Engagement

After the end of the Program, you might negotiate a pilot project with Sopharma Trading or one of its Business Lines As alumni of the program, your company will continue to have access to resources from Eleven and the wider #OneOf11 community, including mentors, events, etc.

Do you offer a coworking space?

No. The program does not require your daily presence on site and no office space is included. However, you can choose to further enhance your collaboration with the technology community and rent workspace for some of your team members at Campus X, benefiting from preferential rates.

What do you provide to participating startups?

During the program’s core development cycle, you will be engineering innovative solutions by having access to:

  • Diverse entrepreneurial network with international healthcare industry veterans and investors
  • Collaborative innovation ecosystem with domain experts and practitioners
  • Think tank, essential tools and industry data
  • Masterclasses, workshops and peer to peer gatherings for practical knowledge exchange
Who can participate?

If your team already have proof of concept targeted at the healthtech industry or completed a market-ready solution, you are the right fit for the SOinventure program.

To be even more precise:

  1. Startups and scaleups having a market-tested solution
  2. An experienced team with an entrepreneurial spirit
  3. A solution addressing one of our ‘areas to reinvent
  4. Committed and dedicated founders, ready to lead future pilot-centred project
Where is the SOinventure program taking place?

Most of the program activities take place on the premises of Campus X in Sofia, Bulgaria.

Do you offer accommodation for teams travelling from different countries or cities?

No. We can’t offer accommodation options for the participants. Still, we may recommend some trusted service providers for finding short-or long term accommodation.

Could you tell me more about Eleven Ventures?

Eleven Ventures is one of the leading early – stage VCs in Bulgaria and in the SEE regi on, investing in startups since 2012. With 150 collective investments over 5 years , Eleven’s team has been instrumental in kick – starting the local startup ecosystem. Based on the success with its first fund Eleven is currently supporting companies with a s econd fund, which is entirely private and focusing on b2b technology innovation.

Could you tell me more about Sopharma Trading?

Sopharma Trading is a healthcare provider part of Sopharma Group of companies. The company is the largest by revenue in the Pharma sector in Bulgaria in the last 9 consecutive years in K:100. Sopharma Trading’s success story is built upon its diversified model and the strive to be leader and innovator.
Thus, the company operates in diverse market segments:

  • Wholesale of medicines, consumables, exclusive – cosmetic & OTC brands, medical team providing tailored solutions.
  • Retail SOpharmacy chain with 50 outlets Bulgaria nationwide
  • Medical Equipment Solutions providing turn-key solutions to investors in the hospital segment.
  • Since 2015 Sopharma Trading started its regional operations from Serbia targeting to become a strategic investor in the whole region.

Sopharma Trading’s mission is to drive the evolution in healthcare through innovation and the ambition is by our Innovation Program SOinventure to help people live a healthy and fulfilling life.

Do you provide funding for my startup?

No. We do not provide any funding to the startups within the program.

Do you take equity from my startup?

No. We take no equity in the participating startups.

Will I get funded after the end of the program?

After the end of the SOinventure program, according to their performance and results, some companies may receive a venture capital funding offer from Eleven.

Would you support a project that only targets the local market, but is very good and can be very profitable?

As a general rule, we believe the most successful startups will be easily scalable and can target global markets. In the beginning, you may be piloting with national clients, but we are looking for global growth ambition.

If I am a solo-founder do I need a team in order to join the program?

We do strongly believe that a capable team is what makes or breaks a successful startup company. Thus, we are looking for teams with a diverse skill set, market expertise and entrepreneurial spirit.

Do you engage with teams and projects from Bulgaria only?

No. In fact, we see true healthtech innovation potential throughout the whole SEE region. Feel free to apply even if you are a company based outside of Bulgaria. Just have in mind that the program’s activities take place in Sofia, Bulgaria, so for the time being, you may need to relocate with your team.

What are the main phases of the Program?

Pre-program Phase

The Selection Jury comprising experts from Sopharma Trading and Eleven will review your application to get acquainted with your product / solution and team, and will evaluate potential collaborations with Sopharma Trading or its clients. In case an initial fit is identified, you will be invited to an interview with Eleven – the main objective is to discuss your interest in participating in SOinventure and examine the potential benefits for the core program phase.

Core Program Phase

During the main course of the Program, you will participate in a careful selection of workshops, mentoring sessions and design sprints, and will work to refine your business model to better fit the market opportunity.

SOinventure’s objective is to provide for the perfect position to explore pilot opportunities with Sopharma Trading and potential integration into their business model.

Post-program Engagement

After the end of the Program, you might negotiate a pilot project with Sopharma Trading or one of its Business Lines As alumni of the program, your company will continue to have access to resources from Eleven and the wider #OneOf11 community, including mentors, events, etc.

start your application today

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