The “Innovations and Business Technologies” Association is a newly-founded cluster (2017 year), a private non-profit legal entity registered in compliance with the Law on Non-Profit Legal Entities (LNPLE). The Association shall function as a specific network of similar and complementary establishments, specialized service suppliers and the connected scientific institutions, education organizations, local authorities, non-government organizations and other structures working together to achieve their common goals. Its activities are based on establishing an effective pattern for co-operation of geographically concentrated (on the territory of the Republic of Bulgaria, the European Union and the USA), similar and complementing establishments, with active channels for business interactions, and which use a common specialized infrastructure (such as administrative body, office, web page, etc.), labour and service markets, and share common opportunities for development, and initiate joint actions for the improvement of existing, as well as developing innovative products/services, and increasing their market presence.