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NOVA EMBA Scholarship

Full scholarship competition for social entrepreneurs.

Key dates

September 15
Deadline for proposals
September 30
Project presentations
October 6
Winner selection


NOVA Broadcasting Group and the American University in Bulgaria have partnered for a unique opportunity. In honor of the AUBG Executive MBA program’s 20th anniversary, one social entrepreneur will receive a full EMBA scholarship to help bring their idea to life.


NOVA and AUBG will grant one €16,700 scholarship, covering 100% of the academic fee for the AUBG Executive MBA program.


Participants have until September 15 to develop and submit their social entrepreneurship projects. A special jury will review all applications and select five finalists. The finalists will then present their projects live to the jury members at the Elieff Center for Education and Culture in Sofia, home of the AUBG EMBA, on September 30.

The winner will be announced by October 6 and awarded on October 20 at the gala evening in honor of the 20th anniversary of the AUBG EMBA program.


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 focus.


Social or environmental mission

Social or environmental mission Image


Innovation Image


Sustainability Image

Stakeholder engagement

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Social impact measurement

Social impact measurement Image

Financial and operational management

Financial and operational management Image

Project feasibility

Project feasibility Image

Collaborative partnerships

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Applicants for the NOVA EMBA Scholarship must meet all requirements for enrollment in the EMBA program.

Interested applicants can apply for the scholarship before being accepted into the program, but they will receive it only after completing the application process and gaining admission.

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

J.D. Mininger, Ph.D. team members

J.D. Mininger, Ph.D.

AUBG Provost, Chair of the Jury

Stefana Zdravkova team members

Stefana Zdravkova

Chief Executive Officer, NOVA Broadcasting Group

Ilia Dafov team members

Ilia Dafov

Director of News and Current Affairs, NOVA Broadcasting Group

Neli Koleva, Ph.D. team members

Neli Koleva, Ph.D.

Chief Officer of Public Partnerships, Teach for Bulgaria
Social Entrepreneurship Professor at the AUBG EMBA

Momtchil Karpouzanov, Ph.D. team members

Momtchil Karpouzanov, Ph.D.

Academic Director of Graduate Programs at AUBG

Victor Serafimov (EMBA ’21), Ph.D. team members

Victor Serafimov (EMBA ’21), Ph.D.

Adjunct Law Professor at AUBG

Eva Van Mensel (EMBA ’16) team members

Eva Van Mensel (EMBA ’16)

Social Entrepreneurship Professor at AUBG

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About the EMBA

Explore the Executive Master in Business Administration

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