The Ministry of European Funds launched yesterday the call “Diaspora Start-up” (SO 3.7) within POCU 2014-2020, projects under this call can be submitted until 29 November 2016.

The Beneficiary will support Romanian citizens living abroad to open a business in Romania through micro-grants of up to 40.000 euro.

Maximum project value: 5.000.000 euro.

Implementation period: maximum 36 months

Eligible applicants/partners:

• Public and private training providers;
• Chambers of Commerce and Industry;
• NGOs;
• Trade unions;
• Members of Sectoral Committees and legal Sectoral Committees;
• Authorities of local public administration;
• Professional Associations;
• Universities;
• Ministry of Economy, Trade and Business Environment and subordinated/ coordinated: institutions / agencies / organizations;

Target group:

• Romanian citizens (minimum age: 18 years old) that can prove their residence or domicile abroad for at least 12 months until the registration as target group and who intend to establish a business in Romania.

Activities:

• Entrepreneurship training programs, also e-learning;
• Providing personalized consulting and counselling services;
• A micro-grant of maximum 40.000 euro/business plan, in 2 instalments (1^st  instalment – 30.000 euro, 2^nd instalment – the remaining difference);
• A monitoring program of the business functioning and development;

For more information you can consult a presentation of the project here.