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Thousands of Romanians return to the country to open a business

By Emea Riga
More than 3,500 diaspora Romanians are interested in starting a business in Romania with the Diaspora Start-up grant program, supported by the Government of Bucharest. Over 25% of them live in the UK and are attracted by the opportunity to start a business with non-reimbursable funds from the European Union.
Over 50% of Romanians wanting to return are aged between 26 and 35 years.
The entries to the Ro-Win program are open until July 14, 2018, during which Romanians in the diaspora can apply to turn their business idea into reality. The latest entries in the program can be found on www.ro-win.ro. In order to obtain funding of up to € 1,260,000 available through the program, applicants have to go through an online entrepreneurial course, offered free of charge by Ro-Win. At the end of this course, applicants will develop a business plan. Currently, only 10% of those enrolled have completed this entrepreneurship course and some 200 are actively working on the business plan.
"We think entrepreneurship is not about idea and intent but about execution. That is why we try to encourage all those interested to join and follow the necessary steps, the Ro-Win team being prepared to support them throughout the program, "says Mihai Zant, Managing Partner Reviro.
All graduates will be able to obtain a non-reimbursable European Diaspora Start-up grant. Following the selection of business plans and interviews, 36 of the course graduates will receive EUR 35,000 in grants, plus mentoring and counseling services worth more than 10,000 euros.
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