EU offers opportunities for entrepreneurs in Cahul

Residents of the southern region of the R. of Moldova have now more opportunities to develop business based on information technologies. With the launch of the “EU4Moldova: Startup City Cahul” project, several programs dedicated to local entrepreneurs are to be implemented in the region this year. The initiatives were presented at a public event in which civic activists, representatives of academia, entrepreneurs, local businessmen, etc. were invited to participate. The event featured entrepreneurial projects from “EU4Moldova: Startup City Cahul”, success stories and experiences of tech entrepreneurs, but also program opportunities where those interested can learn how to turn their ideas into business.

Although Moldova’s emerging startup ecosystem is constantly growing, the opportunities to receive qualified business development support are not yet evenly distributed in all regions of the country. With the help of “EU4Moldova: Startup City Cahul” the region will become an innovative entrepreneurial community, with community leaders, events and meetings, educational initiatives, programs for startups and public institutions that join forces so that all activities provided in the project take place. 

Entrepreneurial education will be accessible to all: pupils – at school, during the optional disciplines within the “Tekwill in Every School”; students – at the university within the “Startup Academy in universities”; professionals and non-IT – at the courses “Startup Academy for entrepreneurs” etc.

Several actions will be implemented to encourage the creation of startups (innovation-based businesses) and stimulate their development, attract investment and expand their area of operation at regional, national and even international level. In this regard, several events will be organized in which local startups will have access to conferences and workshops, information on potential sources of funding and acceleration programs, exchange of experience with other startups in various fields, meetings with potential investors, etc. Among the most representative projects are: Moldova Startup Week, Cahul Hackaton, Cahul Demo Day etc.

In order for local startups to be able to digitize their activity and become more competitive in the digital environment, a series of actions are to be organized to connect actors from different industries, depending on needs (education, business, marketing, technology, financial advisory, mentoring, acceleration programs with national and international expertise). Through the project, support will be provided for local SMEs in the form of automation services and solutions, digitization services, access to legal and tax advisory, e-commerce counselling, education in the use and promotion of digital services, etc.

“EU4Moldova: Startup City Cahul” is implemented by ATIC, with the financial assistance of the European Union in partnership with Sweden.