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Over 19,000 business plans submitted for Start-Up Nation program

Start-Up Nation Government program attracted over 19,000 business plans and a new edition will take place next year, said Ilan Laufer, Minister for the Business Environment.

2017-07-18 12:53:31

According to Laufer, 70 per cent of the projects were submitted in the five days before the deadline. Out of the total of 19,296 business plans submitted, 2,926 were from Bucharest and 2,289 from Cluj. Only 270 of them were not properly registered.

"I am convinced that we will have a 100 per cent absorption of both the European funds and the funds allocated from the state budget, and those who get the signed financing agreement do not have to bring money from home or provide guarantees," said Ilan Laufer. "There is a Guarantee Fund for these projects, and these days we are negotiating with banks so that the cost of funding is low. The beneficiaries will not pay for the money taken by the loan."

Out of 19,296 business plans submitted to the Start-Up Nation, 3,983 obtained 100 points, 4,566 score 95 points, and 104 of them received 90 points. The Minister said that within two weeks the signing of the financing agreements for the approved plans is scheduled to begin.



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