The Ministry of European Funds has extended the project submission period within the “Innotech Student” call, intended to finance entrepreneurship among students. The new period is July 22th, 2020 – September 30th, 2020.

Project’s activities will be realized in three stages:
Stage I (maximum 12 months duration):
1.1. Information campaign;
1.2. Selection of the target group;
1.3. Training – Entrepreneurial skills (ANC accredited);
1.4. Selection of the business plans that will be financed within the project;
1.5. Organizing and carrying out the simulated enterprise activity;
1.6. Carrying out internships (min. 40 hours);
1.7. Counseling / consulting / mentoring;
1.8. Establishment and start of the financed enterprises.
Stage II (12 months duration):
2.1. Reimbursement of grants related to the implementation of business plans;
2.2. Monitoring the functioning and development of the financed businesses.
Stage III (6 months duration):
3.1. Ensuring the sustainability of business plans.

Who are eligible applicants?

• Authorized public and private traning providers;
• NGOs;
• Chambers of commerce and industry;
• Professional associations;
• Trade unions and employers’ organizations;
• Accredited public and private higher education institutions;
• Doctoral and graduate schools with legal personality, including partnerships between them and the private sector / RDI centers;
• Accredited research institutes / centers, including research institutes of the Romanian Academy;
• Romanian Academy;
• Institutions and member organizations of the Regional Pacts and Local Partnerships for Employment and Social Inclusion;
• Members of Sectorial Committees and Sectoral Committees with legal personality.

Who can be the target group?

• Students, bachelor’s or master’s degree (ISCED 5-7) – enrolled, on the date of entry into operation, in the last year of study;
• PhD students;
• Postdoctoral researchers;
• Students (ISCED 4, qualification level 5, enrolled in colleges organized at the level higher education institutions) – enrolled, at the date of entry into operation, in the last year of studies.

Project implementation area:
The target group can reside anywhere in Romania. The target group residing in the more developed region Bucharest-Ilfov must set up their companies in less developed regions (North-East, South-East, South Muntenia, South-West Oltenia, West, North-West and Center).
Project’s activities can take place in any region, including Bucharest-Ilfov, if the above condition is fulfilled.

Target group:

• Minimum 300 people.

Project’s eligible value is maximum 2.000.000 euros, of which:

• minimum 65% grant for business establishment (under the incidence of minimis aid) – with a non-reimbursable financing of 100% is calculated by adding:
  • no. of established companies with min. 2 jobs created x max. 40,000 euros
  • no. of established companies with min. 3 jobs created x max. 60,000 euros
  • no. of established companies with min. 4 jobs created x max. 80,000 euros
  • no. of established companies with min. 5 jobs created x max. 100,000 euros
• maximum 35% grant (for the other expenses of the project) with non-reimbursable financing of:
  • 100% for NGOs;
  • 95% for private beneficiaries;
  • 98% / 85% public institutions.

The number of established companies cannot be less than 14.
Project’s maximum implementation period is 30 months.
For more informations click here