10 corporate innovation initiatives in Romania you should know about
In the last five years, the Romanian startup ecosystem has been on a speedy, competitive, growth. Accelerators, VC firms, and angel investors, independently or as part of corporate initiatives, have aided startups to develop their tech products and promoted their international scale-up. The following list is only а panoramic view of the leading projects that are taking the market into the exponential future, with new programs developed every year.
Before we embark on this journey we want to define what corporate initiatives we documented. Some are corporate venture capitals that invest corporate funds directly in new tech startups, while others are corporate accelerators. CVC firms take a percent of the small company’s stake and founders gain access to management and marketing mentors to gain a competitive advantage.
Orange Fab Romania – Is part of the Orange Group and it was developed in partnership with How to Web as a startup accelerator to help entrepreneurs develop innovative products and distribute them both locally and globally. This project allows access to Orange and partners’ technologies, distribution network, and funding via the Orange Digital Ventures. Their domains are 5G and network of the future, IoT and connected objects, smart city and mobility, security, fintech, small retail, media and entertainment, health and lifestyle, people and future of work, and digital education.
eMag Ventures – Is part of the eMag Group and it was founded in 2015 to aid B2C and B2B2C tech companies in the CEE region. The corporate venture capital is looking for projects that are in a growing phase to help them with a fast and sustainable scale-up.
KPMG Startup Grow Pad partnership program – This is a partnering program between Spherik accelerator and KPMG Romania, a management company providing audit, tax, and advisory services. Their focus is IT and Telecom; Fintech; Real Estate; B2B Professional Services; Retail and Consumer Markets; Legal, Compliance and Regulatory Services industries. They are interested in technologies like process automation, robotic assistance, augmented analytics, social media marketing for service firms, cybersecurity, intelligence apps, and data analytics. Their offer includes industry expertise, funding, worldwide market access, and product support.
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