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project info
Start date: 29 May 2019
End date: 31 December 2023
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 3 703 378,00 €
EU contribution: 1 612 612,30 € (43,544%)
programme
Programming period: 2014-2021
Managing authority: Ministerul Dezvoltării Regionale, Administrației Publice si Fondurilor Europene

Creating a support infrastructure for business incubation Hub for Youth – Cinema Horizon

The general objective of the project is to develop the entrepreneurial environment in the municipality and region by supporting entrepreneurial initiatives in the creative field, developing local economic competitiveness and strengthening the market position of small and medium-sized enterprises. The business incubation program or the incubator itself proposed by the project has as main objective long-term economic growth and competitiveness of the North-East region. Thus, the medium-term objectives are: • the generation of skilled and highly paid jobs; • increase the number of small and medium-sized businesses in the creative industries; • commercialisation of innovations in the creative industries sector; • strengthening a network of mentors and match-making; • creating value links between universities/research centres, large companies, and newly created SMEs; • encouraging the creation and support of new businesses launched by women and minority groups. The project proposes that the incubator “Hub for Youth – Cinema Horizon” should become an epicenter of the entrepreneurial community in the North-East region, which facilitates the growth of innovative businesses from idea to sustainable model and transforms research and innovation results into successful business opportunities in creative industries. In this context, the building and its location are suitable for the purpose and objectives of the incubation program of the enunciated business, considering that the project proposes the creation of a business incubation support infrastructure called “HUB for Youth” – Cinema “ORIZONT” within this building and that the proposed structure/compartition is fully consistent with the activities that are intended to be carried out inside the incubator (office spaces, conference/meeting/networking etc.).

Flag of Romania  Bacău, Romania