I’m confident that the EMBA program at AUBG is the ideal place to connect with great individuals, exchange ideas and experiences, and achieve success together. That is why I am doing it, and that is why you should do it too!
NOVA EMBA Scholarship
AUBG & NOVA Launch Two 50% EMBA Scholarships
Key dates
Application opens
May 24
Application closes
September 14
Finalists presentations
October 4
Awarding ceremony
October 16
For the third consecutive year, NOVA Broadcasting Group and the American University in Bulgaria are proud to continue their partnership in supporting purpose-driven leaders.
Award
This year, NOVA and AUBG will grant two 50% scholarships, each covering €9,250 of the tuition fee for the AUBG Executive MBA program.
The scholarships are designed to support professionals whose projects aim to drive positive change in the fields of:
- Social & Cultural Action
For initiatives focused (but not limited to) on:
- Education
- Inclusion of minority groups
- Labor market improvement
- Access to healthcare
- Cultural preservation
2. Environmental Sustainability & Green Business
For projects dedicated, but not limited, to:
- Environmental protection
- Waste management
- Pollution control (air, soil, and water)
- Energy efficiency
- Sustainable urban planning, mobility, and logistics
Competition
Participants have until September 14 to develop and submit their social or environmental entrepreneurship projects. A special jury composed of AUBG faculty and NOVA representatives will evaluate all entries and select five finalists.
Finalists will present their projects in person to the jury on October 4 at the Elieff Center for Education and Culture in Sofia, home of the AUBG EMBA program.
The two scholarship recipients will be announced at a special awards ceremony on October 16.
Application Steps
The NOVA EMBA scholarship offers a fantastic opportunity to receive financial support for your Executive MBA studies at the American University in Bulgaria. To be considered for this scholarship, however, there’s a specific application process to follow.
- Apply and Gain Admission to the AUBG EMBA Program: The first step is to ensure you meet the eligibility requirements and submit your application for the AUBG EMBA program. Completing the EMBA program application is crucial, as scholarship consideration only happens for admitted students.
- Submit your Social & Cultural Action or Environmental Sustainability & Green Business Project Guidelines Project Proposal: Once accepted into the AUBG EMBA program, you can submit your project proposal for the NOVA EMBA scholarship.
Social & Cultural Action and Environmental Sustainability & Green Business Project Guidelines
Prospective students should apply for the NOVA EMBA Scholarship by preparing a 5,000 to 6,000-word business plan that highlights their entrepreneurial initiative with a social or environmental focus.
The business plan should be about starting or building on an existing business that solves a social problem of applicant's choice. It is expected that the prospective student will provide the necessary level of detail to present their entrepreneurial idea. Additionally, applicants must attach a professional resume. The business plan should contain the following elements:
Mission
Social or environmental mission
The project must have a well-defined mission that addresses a specific social or environmental problem and includes a clear value proposition.
Innovation
Innovation
This may involve developing new products, services, or business models that help achieve the project's mission.
Sustainability
Sustainability
The project must be able to generate enough revenue to cover its costs and continue operating in the long run, while also considering its impact on the environment and society.
Engagement
Stakeholder engagement
Social or environmental projects involve multiple stakeholders, including customers, employees, investors, and the local community. The project should demonstrate how it will effectively engage these stakeholders to ensure its success and achieve its social or environmental mission.
Measurement
Impact measurement
The data on the project outcomes must map the key performance indicators of its social or environmental impact and provide a coherent strategy for measuring them.
Management
Financial and operational management
Financial and operational management shall include a well-articulated business plan comprising financial projections of cash flows, profit and loss statements, capital budgeting, and compliance with relevant legal and regulatory requirements.
Feasibility
Project feasibility
The project should demonstrate coherence with available resources, financial sustainability, proven market demand, compliance with the legal framework, and identification of present and future constraints.
Partnerships
Project partners
The project should state the expected benefits from partnerships in leveraging expertise, resources, and networks in order to effectively achieve the project's mission and embed it in the existing ecosystem of social enterprises and initiatives.
Requirements
Applicants for the NOVA EMBA Scholarship must meet all requirements for enrollment in the EMBA program.
Interested applicants should apply and gain admission to the AUBG EMBA Program.
Applicants for the scholarship must provide proof of their English language proficiency, as the program is conducted entirely in English.
The NOVA EMBA Scholarship cannot be transferred to a third party and will be awarded only to the individual recipient as determined by the jury.
If the recipient cannot begin the program, the admissions committee may decide to award the scholarship to the next ranked participant.
The scholarship will be received only as a credit toward tuition, applied directly to the student’s account, and cannot be received in cash.
Jury members
Neli Koleva, Ph.D.
Chief Officer of Public Partnerships, Teach for Bulgaria
Social Entrepreneurship Professor at the AUBG EMBA
Dina Jebali (EMBA ’23)
Director Managed Services, Yettel Bulgaria
Marta Evtimova
Chief Producer of News and Current Affairs at NOVA
Milena Mladenova
Public Relations Manager at Nova Broadcasting Group
Galia Shturbeva
Author of NOVA’s TV show “Off the grid” (“Da hvanesh gorata”)
Momtchil Karpouzanov, Ph.D.
Academic Director of Graduate Programs at AUBG
From Vision to Impact: Meet the NOVA EMBA Scholarship Winners
