National Council for SMEs launches project for students who want to become entrepreneurs

The National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR) is launching a project to encourage entrepreneurship and employment among students, reports News.ro. Young people will be able to obtain funding of between €40,000 and €60,000.

The CNIPMMR is implementing the Startup Ingenium project from January 2022 to December 2023, with a total value of 9.68 million lei. It is co-financed from the European Social Fund through the Human Capital Operational Programme 2014-2020.

The overall objective of the project is to encourage entrepreneurship and employment among students by supporting the establishment of businesses operating in economic sectors with competitive potential, the institution says.

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The target group targeted by the project consists of 350 people from several categories of eligible target groups: students (ISCED level 5-7) and PhD students (PhD students, ISCED level 8) living/residing in the less developed regions of Romania (namely North-East, South-East, South Muntenia, South-West Oltenia, West, North-West and Centre), as well as in the more developed Bucharest-Ilfov region.

“Thus, the project will organize vocational training courses, internships and mentoring and 29 people will participate in a competition of business ideas for funding between 40,000 euros and 60,000 euros (the first 13 business plans proposing 2 jobs will get 40,000 euros and the first 13 business plans proposing 3 jobs will get 60,000 euros),” CNIPMMR states.

After the implementation of the project, the results should be as follows: 350 people tested to assess their entrepreneurial potential; 350 graduation certificates issued by the ANC attesting the improvement of entrepreneurial skills; 65 jobs created and maintained; 29 internship reports related to the internship carried out by the people whose business plans have been selected for de minimis aid plus 3 more reserves; 29 people benefiting from personalized counseling/consulting/mentoring services; 26 businesses set up under Law 346/2004.