Raiffeisen Bank allocates EUR 5 million to finance startup companies

by   CIJ News iDesk V
2021-05-06   10:47
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Raiffeisen Bank allocates total financing of EUR 5 million this year for about 100 Romanian startups. The program is intended for innovative businesses that are at the beginning of the road, but also for those who are only at the idea stage, regardless of the field of activity. Entrepreneurs will benefit, in addition to funding, from guidance from business consultants, mentoring sessions and the promotion of their products or services. Companies can enroll in the program throughout the year and the winning projects, which will receive funding of up to EUR 50,000, will be announced periodically.

“Somehow, last year we all felt that the entrepreneurial spirit became more creative and effervescent, because special times bring sometimes surprising changes. That is why, from this year, we decided to give entrepreneurs more time to register their projects, throughout the year, in order to give them the opportunity to outline a business plan that is as solid and sustainable as possible," said Vladimir Kalinov, vice president of retail at Raiffeisen Bank.