Venceslava Yanchovska is the Manager of Innovation Norway’s office in Bulgaria. Innovation Norway is a state owned entity under the Norwegian Ministry of Trade, Industry and Fisheries and the Norwegian County Municipalities, and is the Norwegian Government’s main instrument for innovation and development of Norwegian enterprises and industry, both domestic and abroad. Together with the EEA Grants team in Oslo, Ms. Yanchovska is involved in the operation and administration of programs in Bulgaria, as part of the Norwegian Financial Mechanism (Norway Grants). The main program for the period 2014-2021 is the so called “Business development, innovation and SME”. This program aims at increasing value creation and sustainable growth in Bulgaria’s private sector. Innovation Norway has the full responsibility for the development and the implementation of the Program, which also includes assessment of project proposals, signing of project contracts, monitoring of the approved projects, certifying costs and executing payments.