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12 May 2024

Elitsa Krumova – a graduate in Informatics and Computer Science at Varna Free University "Chernorizets Hrabar", has been appointed as a senator from Bulgaria at the World Business Angels Investment Forum. She will represent our country in the Grand Assembly of the World Business Angels Investment Forum (WBAF), part of the G20. The inclusion of Bulgaria in the WBAF provides a wide range of opportunities for start-up, growing and fast-growing enterprises in Bulgaria and opens doors for economic development.

Elitsa Krumova is a recognized global thought leader and tech influencer. She works in the field of emerging and future technologies, as well as in marketing for this sector. She is developing a personal brand in this field and is an independent consultant at, where she offers services such as influencer marketing, thought leadership, blogging, social media marketing, content creation and public speaking. Her diverse and extensive experience in the marketing, advertising and IT industries enables her to predict trends not only in consumer behaviour and technology, but also future projections of contemporary trends in society and life in general.

One of the most influential women in the world of technology completed her studies at VFU "Chernorizets Hrabar"  in 2019. Her diploma thesis was related to technologies in the field of collective intelligence and the Internet of Things. She chose the distance mode of learning. Varna Free University is the first university in Bulgaria with an accredited distance learning bachelor's degree in Informatics and Computer Science.
Elitsa Krumova was the first Bulgarian to enter the prestigious ranking of influencers in the technological sphere of the authoritative The Awards Magazine, in the Top 50 female influencers in the world of technology in 2020 and among the top 10 in the Top 100 Thought Leaders & Influencers Division ranking - IoT Premier League. She has worked for some of the largest corporations in the world, including IBM and Google.
Elitza shares about her studies at the university:
 ​"Varna Free University helped me theoretically understand the tasks and problems I had to solve in my work. The training gave me the opportunity to delve even deeper into the essence of technological processes and to understand the trends for their future development. The possibility of distance learning is another significant advantage that VFU "Chernorizets Hrabar" has over other universities."
With the appointment of Elitsa Krumova as a senator of the Grand Assembly of the World Business Angels Investment Forum, Bulgaria joined the largest forum of the world capital investment markets and will now be able to connect more with the global market of investors, which will open wonderful opportunities for the country. Now local Bulgarian angel investors, incubation centres, accelerators, private equity funds, co-investment funds, technology parks, corporate enterprises and ambitious entrepreneurs will have more opportunities to connect with global leaders in the same field, writes Christina McGimpsey's message - Secretary General of the World Business Angels Investment Forum.
Bulgaria's inclusion in the WBAF provides a wide range of opportunities for Bulgarian start-ups, growing and high-growth businesses, and opens doors for economic development.

Baybars Altuntas, Chairperson of the Board of Directors of the World Business Angels Investment Forum, says:
"As an associate partner of the G20 Global Partnerships for Financial Inclusion (GPFI), the World Business Angels Investment Forum supports start-ups, develops entrepreneurial ecosystems and helps venture capital and companies connect with international companies, fintechs and other relevant institutions. We are confident in our contribution to the economic development of the country by facilitating linkages with entrepreneurial ecosystems. We strongly believe that Bulgaria will soon become a country that can promote the development of its economy in a more entrepreneurial atmosphere."

About the World Business Angels Investment Forum (WBAF):
As an associate partner of the G20 Global Partnerships for Financial Inclusion (GPFI), the World Business Angels Investment Forum (WBAF) is committed to collaborating globally to accelerate the world's economic development by promoting of innovative financial instruments for start-ups and scale-ups, innovators, entrepreneurs, small and medium-sized enterprises, and to promote gender equality and women's participation in all sectors of the global economy. WBAF invites you to join our global efforts to facilitate access to finance, promote finance, inclusivity and create more jobs and social justice.
WBAF fulfills its mission through various countries and channels. They include: 138 high commissioners, senators and international partners from 79 countries; 7 government offices on 5 continents; WBAF Business School and its more than 50 faculty members from 32 countries; 5 international working committees. WBAF also has an angel investment fund, partnerships with 12 global institutions and economic cooperation agreements with 5 governments. The WBAF World Congress is held in February each year. The Forum hosts at least 5 summits and numerous other events, including the Global Fundraising Stage and the Excellence Awards Ceremony. WBAF also boasts a number of publications including WBAF BusinessSchool Journal, World Class Startup Magazine and Angel Investor Review Online.
About GPFI
The Global Partnership for Financial Inclusion (GPFI) is an inclusive platform for all G20 countries, interested non-G20 countries and other stakeholders to continue work on financial inclusion, including the implementation of the G20 Financial Inclusion Action Plan, approved at the G20 summit in Seoul. Queen Máxima of the Netherlands is an honorary patron of the GPFI.