More than 40 investors interested in Romanian start-ups

VentureConnect, one of the notable programs in the Romanian business environoment, targeting entrepreneurs of the IT, Online, Technology areas, will be bringing them together with 40 confirmed investors for the Venture Connect event, on 31st of May, at Intercontinental Hotel, Bucharest. Entrepreneurs can submit thier projects until the end of this week, on 20th of May.

VentureConnect, the initiative that started in 2010, reached its fifth edition. The entrepreneurs interested to present thier business in front of over 40 investors from Romania, Bulgaria, Hungary or Poland can submit thier projects until 20th of May. Along with the traditional pitching event, the second part of the day will host a conference dedicated to Romanian investors, interested in supporting entreprenorial start-ups in the IT, Online, Technology areas: Angel Connect.

Among the confirmed investors who will attend the event, we mention: Andreas Cser (Director of Fraser Finance), Alexis Bonte (CEO eRepublik Labs Limited), Ondrej Bartos (Partner & Chairman of the Board at Credo Ventures), Gwidon Humeniuk (Member of the Board at Xevin Investments), Maxim Gurvits (New Europe Corporate Advisory) along with other Romanian business-angels.

“A company’s success is based on its project development, its business objectives, as well as fully understanding the targeted market. As technology or business planning can be learned, mentored or even bought, the project developed by entrepreneurs has the experimental value: it involves several try-outs, failures or multiple repositioning strategies. But, in order to shape a scalable business that’s locally and internationally appreciated, the entrepreneurs need a mature business environment. I am happy to be seeing a stable and growing market in South-East Europe, especially in Bucharest and also in Bulgaria” says Maxim Gurvits, Investment Banking Associate la New Europe Corporate Advisory.

Until now, two major investments were granted:  in 2011, project. an online recruiting platform that was supported by Andreas Cser (business-angel Frasier Finance), Alexis Bonte and Post-Privatization Foundation and BITTNET Systems, a leading project in the Network Training market in Romania,  who announced in the beginning of 2011 the investment of Răzvan Căpăţînă, Romanian business-angel.

“We are very happy with all the start-up projects that were submitted, from the first Venture Connect event in 2010 to the most recent ones for the event on 31st of May. Together with the Venture Connect Board members, we’re doing our best to bring to Bucharest investors interested in the local entrepreneurial market and to facilitate the development of local business to become internationally recognized” declared Ana-Maria Andronic, Senior Associate at Biriş Goran, co- founder member of VentureConnect Foundation.

The Venture Connect spring edition is supported by Allegro Group Romania, part of the international media group Naspers and the Post-Privatization Foundation (FPP).