Implementation of entrepreneurial idea by „Smart Stats“ LLC

“Smart Stats” LLC is a newly established company, founded in 2018, specialized in interdisciplinary research and development mainly in the field of social sciences and humanities. One of the strongest challenges in front of the company, as well for many small businesses in Bulgaria, is the lack of financing. Nearly 90% of the micro-companies in the country fail to realize and develop their entrepreneurial ideas, leaving them on a paper only. Moreover, another problematic characteristic and a major challenge in front of the entrepreneurial development in Bulgaria is the fact that almost half of the newly established companies operate in the wholesale and retail sale trade sector, which is mainly dependent on the economical changes and environment. The share of newly founded businesses operating in sectors with higher added value is drastically low. To be able to face all these challenges and successfully realize its entrepreneurial idea (service) which is development of alternative methods for assesment of macroeconomic factors on the basis of econometric models and data obtained through crowdsourcing, the company needs to overcome all the existing limits and difficulties prior to its development. The applicant cannot realize its entrepreneurial idea, because it does not have the necessary qualified stuff to fufill such activities on its own. Apart form the qualified experince and expertise, the company needs longterm tangible and intangible assets, web page and an office, all these necessary for the realization of the idea. A market survey is also needed for the establishing of the idea on the market and its realization in short term. The planned investments will allow the applicant to successfully position and launch a service, which will generate high added value. To overcome the mentioned issues the project includes the following eligible activities: 1. Activity for realization of an entrepreneurial idea on the market 2 Visulisation of the project.

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