“40,000 Reasons to Become an Entrepreneur in Romania” is a project dedicated to supporting Romanians living abroad who wish to return to the country and start their own business. The project is run by the Association for Business Promotion in Romania, in partnership with the LAM Foundation, and registration is done online.

Who is this project intended for?

The project is intended for people who:

• are Romanian citizens;
• were officially residing in Hungary during the year prior to enrollment;
• are domiciled or reside in the Northwest (Bihor, Bistrița-Năsăud, Cluj, Maramureș, Satu Mare, Sălaj) or Central (Alba, Brașov, Covasna, Harghita, Mureș, Sibiu) development regions;
• wish to start a business in one of these two regions;
• plans to locate the company’s headquarters in an urban area.

What the project offers

Selected participants receive a comprehensive support package to help them start a business:

• Professional training through an online course, available in Romanian and Hungarian, that provides the basic knowledge and skills needed to start a business;
• Grant funding: The top 32 business plans will each receive up to 40,000 euros in funding;
• A mentoring program through which entrepreneurs receive specialized support and personalized guidance, both during the business plan development stage and subsequently during the implementation phase, to help them build viable and sustainable businesses over the long term