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June 26, 2022

“Romania Start-up Plus”: EUR 105 million for creating jobs

European Funds Ministry (MFE) has launched to public consultation the Guide of the “Romania Start-Up Plus” Program, in value of EUR 105 million from the corresponding grant for the Human Capital operational Program (POCU) 2014-2020, having the objective to stimulate the entrepreneurship and to create jobs.

The financing mechanism is the following: at the moment of signing the contract with the manager of the entrepreneurship scheme, the future entrepreneur receives a grant of maximum EUR 24,000, representing the first financing installment. The second financing instalment, in a maximum amount of EUR 16,000 will be granted if the entrepreneur achieved gross revenues equivalent to half of the first installment.

MFE has designed a stimulating system for start-ups who achieve the performance in sales. “This financing mechanism, in installments, represents a step to a smarter financing, adapted to the economic reality. The support is not just an indicator for numerical quantity, it turns into a stimulating instrument for the entrepreneurs achieving results in the early stages of their business”, stated the Secretary of State in MFE, Dan Barna.

By financing entrepreneurship projects from the “Romania Start-Up Plus” Program, European Funds Ministry aims to reach the following objectives: more than 2,000 new created jobs; over 1,500 new financed SMEs; more than 10,000 persons trained in the entrepreneurial education area.

The access to financing for the enterprises in Romania is one of the lowest in EU. Only 2 percent of the Romanian enterprises – compared to 8 percent representing the European average – have accessed grants or subsidized loans in 2015, according to the SAFE survey made by European Commission.

“Romania Start-Up Plus” program is part of the Priority Axis 3 – Jobs for Everyone – Independent activities, entrepreneurship and founding enterprises, including microenterprises and innovative SMEs.

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