Start-up Tier

Turnover: maximum EUR 2mn

Activity: minimum 1yr

Employees: maximum 9

Shareholding structure:

  • Minimum 51% Romanian* or;
  • Not to be a subsidiary of any foreign company;

SMEs Tier

Turnover: maximum EUR 50mn

Activity: minimum 3yrs

Employees: 10 – 250

Shareholding structure:

  • Minimum 51% Romanian* or;
  • Not to be a subsidiary of any foreign company;

Large Companies Tier

Turnover: minimum EUR 50mn

Activity: minimum 5yrs

Employees: over 250

Shareholding structure :

  • Minimum 51% Romanian* or;
  • Not to be a subsidiary of any foreign company;

Exceptions: Known companies established with Romanian capital, but now in a more advanced phase, where they were purchased by either a fund or a natural person.

*Companies with foreign ownership are eligible, provided that the major operations are in Romania. Respectively, foreign private investors who have set up a company in Romania, without being a part / subsidiary of a foreign company.

Ineligibility conditions

Finalist companies of previous editions made in Romania;

The recent occurrence of information with negative connotations in the media (lawsuits, media scandals etc.). Until this information is denied, companies are not eligible to participate in the project.

Companies that are subsidiaries of a foreign company.