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August 17, 2022

Over 30,000 youths opening up businesses will be supported through Romania Start UP programme

Minister-Delegate for SMEs, Florin Jianu, has stated on Wednesday that 32,000 youths that are trying to open up businesses will be granted support from the Government, through the Romania Start UP programme, financed from European funds worth 152 million euro.
‘Romania Start UP is the most important concept launched approximately 25 years after the revolution, an extremely modern, unitary concept, that for the first time creates uniformity in the business environment, starting with what education in school means, entrepreneurial education in high schools and continuing with what entrepreneurship means for young students and other social categories’, said Jianu at the launching of some projects funded with European funds that took place at the Government House.
According to him, the Romania Start UP concept implies two aspects. Thus, an initial component refers to the practice company especially designed for training students to simulate managerial processes, with the allotment for this component being worth 50 million euro.
A second component targets youths with ages ranging from 18 to 25 years who can initiate an independent company based on a business plan, in one of the strategic development domains, with the Government as a sponsor, the final goal of the programme being the raising of the occupancy rate in a sustainable way. For this component of the programme nearly 100 million euro are allotted from European funds.

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