Telekom Romania to invest EUR 100,000 in the acceleration of 10 start-ups

Georgeta Gheorghe 23/05/2018 | 15:09

Telekom Romania is investing EUR 100,000 in accelerating 10 Romanian start-ups, as part of its WeAccelerate programme, a new project aimed at boosting the digitalisation of Romanian entrepreneurship.

The project will be developed in partnership with the WeLoveDigital hub. Ten start-ups, selected upon a thorough business analysis, will receive financing and benefits consisting in work space, free mentorship and promotion, over a six month period. The competition is targeting start-ups from all the business areas, which have surpassed the prototype stage and have generated revenues of minimum RON 1,000. A contestant may register more than one start-up in the competition, provided that each one is established as a separate legal entity.

The EUR 100,000 euros will be directed towards the 10 start-ups that will reach the final stage of the competition. Each start-up will benefit, thus, from investments worth EUR 10,000, allotted as follows: financial support worth EUR 6,000, six month of subsidized rental within the WeLoveDigital hub, 60 hours of mentorship and counselling in the online promotion area, as well as promotion campaigns in the online environment.

WeAccelerate is the first initiative from a long series of such projects that Telekom will develop, meant to celebrate each 100,000 entrepreneurs „liberated” with the Freedom portfolio.

“We have thought about a new way of stimulating the growth of the entrepreneurship and managerial ecosystem providing, at the same time, financial support and know-how. At the end of this project, the Romanian economy will be able to integrate 10 stronger and more knowledgeable innovative companies, with real opportunities for growth.

One of the opportunities provided through this programme is the access the entrepreneurs will gain to mentors with remarkable business experience, such as: Radu Ionescu (COO Dentus Aegis Network), Marian Şeitan (General Manager Mediapost Hit Mail Group), Peter Barta (Angel Investor), Marius Ghenea (Partner 3TS Capital), Orlando Nicoară (Founder WeLoveDigital), Radu Apostolescu (Founder eMag).

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