International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

This article represents a review of good practices in crowdfunding. The subject is the opportunities which create conditions for using the crowdfunding process by entrepreneurs and perspectives for implementation of this good practice in Bulgaria. The concept of crowdfunding in Bulgaria is mentioned a lot but barely in the last few years can be observed the standing out of pronounces examples and good practices. The appearance of financial instruments for starting technological companies promises to become an accelerator for the entrepreneur ecosystem in Bulgaria. This paper examines how different platforms in crowdfunding campaigns influence the entrepreneur’s choice of targeted crowdfunding goal.

This paper deals with the issue of cluster as a modern model of development of small and medium enterprises. Clusters as a model for the development of SMEs in recent years are current as in countries in transition, in contrast to developed countries where the model has long been present. It is understandable that clusters are not sufficiently developed in the transition countries, and the reasons should be sought in inadequate development and transfer of innovative technologies, insufficient skills of employees and the lack of partnerships between businesses, which is a critical factor in the development of clusters. The aim of this study is to determine and present factors of cluster development in the application of the concept of small and medium enterprises as a critical factor in economic growth of transition countries.