The Association for Business Promotion in Romania (APPAR) and the LAM Ilieni Foundation will jointly implement the project entitled 40,000 reasons to become an entrepreneur in Romania, selected for funding (with 99 points) in the Diaspora Start Up project call.
The project has a total value of 9,134,198.41 lei and aims to encourage entrepreneurship and self-employment by supporting the establishment of 32 non-agricultural enterprises in the urban area, in the Center and North-West regions, within an entrepreneurship scheme dedicated to Romanian citizens who are living in Hungary and want to return to Romania to launch their own business.
The project will support a total of 260 adult citizens, Romanian citizens residing or domiciled in the Center or North-West region, having their domicile or residence in Hungary in the last 12 months until the time of joining the target group. In order to be able to participate in the project, these people will need to demonstrate their entrepreneurial experience, their technical and professional capacity or their expertise in the field of business.
The 260 people will be prepared to initiate and develop their own business within an online entrepreneurship training program, through an e-learning platform with a minimum of 40 hours for each participant. Those who will successfully complete the course will be able to sign up with their business plan for the business plan competition with the chance to get financial support in the form of de minimis aid.
The 32 people whose business plans will be selected for funding will benefit from mentoring services at Startupbootcamp events and through individual on-line mentoring sessions, will be supported in setting up and starting their own business, and will receive financial support to implement the business plan amounting to a maximum of 40,000 euros each.
An important innovative element of the project is the collaboration network that will connect the target group with the entrepreneurial development opportunities in Romania, provide them with entrepreneurial support complementary to the support of the partners’ experts, and will function as a support community, within whitch the members will provide mutual support by sharing information, experiences and business success stories.
Another result of the project will be the socio-economic research of the institutional and cultural environment of entrepreneurship in the North-West and Center regions, which will be a practical tool for future entrepreneurs and entrepreneurs in both regions, including the sustainability period.
Both the Association for Business Promotion in Romania and the LAM Ilieni Foundation have more than 10 years of experience in developing the business environment in Romania, including in previous projects funded through POSDRU and HURO CBC 2007-2013. Moreover, the Association for Business Promotion in Romania is a partner responsible for the entrepreneurship component within a POCU 4.1 project, which aims at developing the Roma marginalized community in the commune of Diosig, Bihor County.