IT Sector

On August 31st, the Romanian Ministry of European Funds published Order 1839/2016. This  dealt with the approval of the Applicant’s Guide regarding Specific Conditions for the “Romania Start Up Plus” project. The project has a value of EUR 105 million, allocated from the Operational Program Human Capital (POCU) 2014-2020, which aims to stimulate entrepreneurship and create jobs.

The non-refundable financing will have a maximum value of EUR 5,000,000 per project and will cover, in addition to the de minimis support, expenses for entrepreneurship training and the costs for managing the entrepreneurship scheme. Projects have to be registered through the informatics system My SMIS 2014 by October 30th, 2016.

The program will offer real support for start-ups in Romania which are growing in number. In Bucharest, there is a real enthusiasm to support them. For example, Impact Hub Bucharest offers spaces with all the tools needed to grow and develop innovative ventures and organize events for networking and the exchange of ideas and inspiration. One of the recent events organized at Impact Hub Bucharest was Diplohack, a program initiated by the Netherlands Embassy in collaboration with the Chancellery of the Prime Minister (Open Government Partnership Unit) and Impact Hub Bucharest. Our head of IP/IT, Delia Belciu, attended having being involved in a project intended to make health care open data more accessible and useful for patients, doctors, public/private institutions and insurance companies.

The momentum in the IT sector is not limited to Bucharest. Cluj-Napoca, a city in Transylvania, referred as the Silicon Valley of Romania, currently has two IT services and electronics clusters, while four others are developing in the furniture industry, agriculture and life sciences.

The most important project of the Cluj IT cluster is Innovation City, a project that aims to build a 250 hectare city of creativity and innovation, create 30,000 new job opportunities and attract investments of approximately EUR 300 million. The other IT Cluster, iTech Transilvania by ARIES Transilvania, provides support to developing start-ups but also for improving the professional skills of IT specialists.

Stratulat Albulescu - Attorneys at law