ECONOMY FINANCE&BANKING

AM POCU signs three funding contracts worth 93.7 mil euro regarding Start-Up Nation programme

The Management Authority for Human Resources Operational Programme (AM POCU) signed three funding contracts, worth approximately 93.7 million euro, under the call for non-competitive projects called Romania Start-Up Nation, according to a release of the Minister of Regional Development, Public Administration and European Funds (MDRAPFF) sent to AGERPRES on Thursday.

“Through these projects, whose beneficiary is the Business Environment Ministry, we endorse enterprises to develop and create new jobs in Romania. We estimate that, after the completion of activities, a minimum of 2,100 micro-enterprises and SMEs will benefit from support, and a minimum 4,200 jobs will be created and maintained,” Minister-delegate for European Funds Marius Nica stated.

The funding activities carried out by the Ministry of Business, Trade and Entrepreneurship (MMACA) include the selection of business plans filed by entrepreneurs, the support for implementing the business plans and their monitorisation in the sustainability period.

“The projects encourage entrepreneurship and self-employment, by supporting the development of enterprises with a non-agricultural profile of the urban area. The final beneficiaries of funding are micro-enterprises or SMEs (legal entities) with a non-agricultural profile of the urban areas, with less than a year of functioning, selected for funding from the minimis aid, according to the methodology presented in the project, which operates in one of the seven development regions which are less developed,” the quoted source mentions.

Romania Start-Up Nation is a dual funding programme, European and national, through which up to 200,000 lei (44,000 euro) are granted to newly established companies, its beneficiaries being legal persons (commercial companies) that applying directly to the programme.

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