FINANCIAL DESIGN OF INNOVATIVE BIOTECH PUBLIC-PRIVATE PARTNERSHIPS /THE CASE OF THE BULGARIAN UNIVERSITY PROJECT “VITA PLUS”/
Keywords:
non-conventional methods for financing, biotechnological innovations, equity financing, venture capital, Stock and Warrant Off-Balance R&D, public-private partnershipAbstract
The present paper is deemed to present investigated options to suggest appropriate financial design in setting public-private partnerships in the sector of biotechnological innovations in Bulgaria. Financing of this paper is provided by the project “Vita Plus” (2021-2022) – a transdisciplinary project at University level in Bulgaria. The object of the paper is to deliver greater understanding on the already emerged processes of introducing high-tech biotechnological solutions and innovations in the Bulgarian economy. The focus of this paper is centered onto previous work of researchers, based at the University of Plovdiv, streaming to investigate mainstream and critical issues in building a new generation of business and financial models, based on general or adjusted Public-Private Partnership Models /PPP-Models/ in the biotech sector, based on equity risk acquisition. The aim of the authors is to delve into the problem of fair introduction of working PPP Models in the Bulgarian business and financial reality, which are based on venture capital. Thus, this paper brings upfront some theoretical and methodological reasoning in search to investigate and suggest appropriate financial design for both public, and private stakeholders, interested to drive biotechnological innovations in the country.
References
Sahlman, W.A., Stevenson, H.H., Roberts, M.J., & Bhide, A.V. (1999). The Entrepreneurial Venture. 2nd ed. Harvard Business School Press, p. 624.
Vladikov A. (2021). Syllabus on Bioeconomy and Health Policies, Academic Course for Students of Master Programs in Economic and Social Sciences at the University of Plovdiv, in English language, Plovdiv University Press, 30 pages, ISBN 978-619-202-621-9
Vladikov A. (2018). Syllabus on Public-Private Partnership, Academic Course for Students of Bachelor Majors in Economic and Social Sciences at the University of Plovdiv, in Bulgarian language, Plovdiv University Press, 34 pages, ISBN 978-619-202-316-4
Vladikov A., & Radeva E. (2016). Legal and Economic Design to Set a Range of Criteria for Establishing Public-Private Partnerships /PPP/ at the Region of South East Europe, in Collected Works “The Balkans in Transformative Security Environment”, Scientific Conference, November, 2016, in Bulgarian language, Plovdiv University Press, pp.166-170, ISBN 978-619-202-209-9
Vladikov. A., Zaimovic T., Trivun V., Zaimovic A., Radeva E., Iordanova N., Silajdzic V., & Mahmutcehajic F. (2017). Training Guide for Education in Public-Private Partnerships, in Bosnian language, Sarajevo, Bosnia and Herzegovina, Fond za reformu javne uprave, Project "Javno-privatno partnerstvo": AMAX bmr d.o.o. Sarajevo, BIČAKČIĆ d.o.o. Sarajevo, PAGE d.o.o. Istočno Sarajevo i NACIONALNI KONSULTANT ZA JAVNE NABAVKE d.o.o. Sofija, Bugarska
Yosifov, T. (2019a). Banking and Forms of Financing, Textbook, in Bulgarian language, Macros Press, 225 pages, Plovdiv, ISBN 978-954-561-467-5
Yosifov, T .(2019b). A Competitive Advantages of Adopting Biotechnological Innovations, Economics 21, Tsenov Academic Publishing House, Volume IX, Issue 2, 2019, pp. 92 – 108, ISSN: 2534-9457.
Yosifov, T. (2017). Syllabus on Banking and Financing, Academic Course for Students of Bachelor Majors in Economic and Social Sciences at the University of Plovdiv, in Bulgarian language, Plovdiv University Press, 15 pages, ISBN 978-619-202-257-0.
Yosifov, T. (2016). Financing Innovation through Venture Capital, Economic and Social Alternatives, In Bulgarian language – Ikonomiceski I Socialni Alternativi, Issue 4, pp. 64-76, ISSN 1314-6556.
Official Website of the University of Plovdiv Transdisciplinary Project “Vita Plus”: www.vitaplus.uni-plovdiv.bg
