IN Romania, Start-Ups Gain Strength

This article discussed entrepreneur initiatives in Romania.  While becoming increasing influential in the technology sector, Romania has introduced internal emphasis on entrepreneurship and experienced external investment as a result.  Microsoft, Intel and Oracle have all developed a presence in Romania and are tapping in to the increasingly visible Romanian vigor for innovation and domestic advancement.  These companies cite a huge pool of talent and a hunger for enterprise as the reasons behind their decision; along with low wages of course.

But American tech giants are not the only presence in Romania.  UberVU and several other start-ups have gained recognition outside of Romania.  Well… they had to.  Consistently, Romanian entrepreneurs find that to obtain the capital that they need to finance their ideas, they have to look to Western European investors.  Universities in Romania, which consistently focus on entrepreneurial theory and place emphasis on innovation, have responded to this obstacle accordingly.  By educating their students on how to ask for money and instill confidence in foreign investors, the Romanian Universities are preparing their students to succeed.

Visible in Romania is an entrepreneurial energy that will hopefully inspire fellow Eastern European States to implement similar strategies.