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AUBG Student Company Centroida Wins JA Bulgaria’s Best Startup Award 2016

June 29, 2016

AUBG student company Centroida won Junior Achievement’s Best Startup Award June 3 and will represent Bulgaria at JA Europe’s international student startup competition. Bulgarian president Rosen Plevneliev personally handed the award to the winners.  

JA Bulgaria’s “Rising Stars” forum celebrates young people’s talent and inspiration and the quality entrepreneurship-oriented education that allows students to gain skills in addition to knowledge, President Plevneliev said at the event.

500 high school and university students showcased their ideas and businesses at the biggest Bulgarian youth business forum. What helped Centroida stand apart from the competition was its innovative property management software and thorough business plan. The AUBG team presented their product Central Property – a software solution that helps professional property managers administer their cash flows more efficiently.  

The jury at the competition looked for innovative ideas, relevant entrepreneurship techniques and good marketing, management and financial forecasting practices. Centroida showed they have done great on all of these criteria, member of the jury James Yolovski said in an interview for Bulgarian National Television (BNT). Centroida is targeting a highly topical sector and problem, he also said.

“We are honored to receive such recognition for the effort we have put into developing the company and our business,” Centroida co-founder Hristo Georgiev (‘16) said. “This is a great first step for our company and a stepping stone for future success.”

Both the technical and business courses the students took at AUBG is what helped them “look critically on [the] company and formulate a successful strategy,” Georgiev said. “In the end, we managed to deliver a polished product coupled with an excellent business plan that managed to quickly bring our idea to the Bulgarian market,” he said.  

Centroida has already been contacted by several venture capitalists and the AUBGers are considering various funding options, Georgiev said. “We plan to continue growing our business and expanding our team both in Sofia and in Blagoevgrad,” he said. “In the long term, we want to become a company with a diverse, multi-national team that works with clients all over the world.”

Story by Dimana Doneva
Photo Courtesy of Centroida

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