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Start-Up Nation

Start-Up Nation 2017: Over 19,000 business plans submitted. Next session in 2018

More than 19,000 business plans were registered in the Start-Up Nation program, of which 70 percent were submitted over the past five days, a new session to be scheduled in 2018, Ilan Laufer, Minister for Business Environment, Trade and Entrepreneurship said in a press conference on Tuesday.

Of the 19,296 business plans submitted to the Start-Up Nation, 3,983 got 100 points, 4,566 – 95 points, and 104 projects – 90 points. According to the minister, 270 business plans were wrongly recorded. Also, out of the total number of submitted projects, 2,926 were from Bucharest and 2,289 from Cluj.

“I’m convinced that we will have a 100 percent absorption of both European funds and the funds allocated from the state budget. Those who get the signed financing agreement do not must to come up with money or lodge guarantees. That’s why there is the Guarantee Fund for these projects. These days we are negotiating with banks so that the financing costs to be low. Beneficiaries will not pay rates for the money taken through bridge loan,” Laufer explained.

Of the budget allocated to this Start-Up Nation stage, 8,653 business plans could be funded, equivalent to the creation of 20,956 new jobs.

The Start-Up Nation program has a budget of  RON 1.7 billion this year, and the maximum amount a company can get is RON 200,000.

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About Anca Bernovici

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