The Applied Research and Communications Fund, ARC Fund, is a not-for-profit organization founded in 1991 in Sofia. Its mission is:
- To drive the development of the knowledge economy in Bulgaria and Europe in line with the renewed Lisbon objectives;
- To promote innovation in the European economy and facilitate the transfer of new and advanced technologies and know-how;
- To support cross-border networking and capacity building of businesses, public agencies or private organizations, by using the advances in information and communication technologies.
In pursuit of these objectives, ARC Fund designs and implements strategies for capacity building of NGOs, information society development and technological innovation.