Start-up Nation program has 6,500 winners with access to financing; the 2018 phase will begin in autumn

Aurel Dragan 26/07/2018 | 14:17

The Start-up Nation program has already found over 6,500 winners that can access financing, according to Radu Stefan Oprea, the minister for the Business, Trade and Entrepreneurship. There were 8,444 beneficiaries in the program, but not all of them got access to the funding until now.

“Today, there are over 6,500 beneficiaries who have access to funding, those who have applied through partner banks and have access to funding directly. I want to say to the winners of Start-Up Nation 2017 that the money is waiting for the in the regional agencies and the banks in their accounts and we ask them to come as soon as possible so that their dream will come true. Start-Up Nation aims to revive entrepreneurship in Romania,” said Oprea, cited by Agerpres.

He mentioned that by June 30th, 5,834 winners already had money in their accounts, of which 1,116 were paid direct from regional agencies, and 4,718 via credit bridges of partner banks. 90 of the winners quit because they failed to make the acquisitions included in the project or failed to meet the conditions imposed by banks. This means that the 90 on the list for financing will now enter in the procedure for financing. September 29 is the last date for the submission of payment requests, and December 30 is the last day of payment.

“The already successful Start-Up Nation story is written, there are applicants who are already making profits with stable jobs. More than 21,000 jobs were created, more than the target we had, of which 16,000 jobs for the target segment, i.e. young people who have completed their studies or people with disabilities,” added Oprea.

Start-up Nation 2018 will start in autumn

The Start-Up Nation edition of 2017 had 8,444 winners. Under the program, a newly established firm can receive up to 200,000 lei of non-reimbursable funds. Two months ago, Oprea told AGERPRES that this year the total budget is 2 billion lei, enough to finance the creation of 10,000 new firms.

The Start-Up Nation 2018 program will be launched this autumn after most of the beneficiaries in the last year’s edition have received their money so the administrative process is not hindered, said the minister, bu he could not tell exactly when it plans to start the program in the autumn months.

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