May 23 (SeeNews) - Telekom Romania group said on Wednesday it is investing 100,000 euro ($117,200) in 10 Romanian start-ups, within the WeAccelerate programme, a project aimed at boosting Romanian entrepreneurship digitalization.
The project will be developed in partnership with the WeLoveDigital hub, Telekom Romania said in a press release.
Ten start-ups, selected upon a thorough business analysis, will receive financing and benefits consisting in work space, free mentorship and promotion, over a six month period. The competition is targeting start-ups from all the business areas, which have surpassed the prototype stage and have generated revenues of minimum 1,000 lei ($253/216 euro).
Each start-up will receive financial support worth 6,000 euro, six month of subsidized rental within the WeLoveDigital hub, 60 hours of mentorship and counselling in the online promotion area, as well as promotion campaigns in the online environment.
“We have thought about a new way of stimulating the growth of the entrepreneurship and managerial ecosystem providing, at the same time, financial support and know-how. At the end of this project, the Romanian economy will be able to integrate 10 stronger and more knowledgeable innovative companies, with real opportunities for growth," Telekom Romania chief commercial officer for the business segment Ovidiu Ghiman said.
The 10 winners will be announced on the 10th of November 2018 on the competition’s website.
Telekom Romania is present in the Romanian market since 2014, after the joint rebranding of Romtelecom and Cosmote Romania.
Telekom is a brand pertaining to Deutsche Telekom, one of the world’s leading integrated telecommunications companies.
($=0.8533 euro)