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BUSINESS INCUBATORS. EFFECTIVE MEANS TO SUPPORT PRIVATE INITIATIVE

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Author(s): Dănuţ Tiberius EPURE | Dorinela CUŞU

Journal: Annals of the Stefan cel Mare University of Suceava : Fascicle of the Faculty of Economics and Public Administration
ISSN 2066-575X

Volume: 10;
Issue: 2(12);
Start page: 201;
Date: 2010;
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Keywords: Business Incubator | small and medium enterprises (SMS’s) | profit | turnover | operating costs

ABSTRACT
The Romanian Business Incubators are financed from private and public sources. The Business Incubatorsfinanced from public funds, are part of The National and Multiannual Program of Establishment and Development ofTechnological and Business Incubators in Romania (2002-2012). This Program is coordinated by The Agency ofImplementation of Projects and Programs for Small and Medium Enterprises (A.I.P.P.SME’s), and implemented byThe United Nations Development Program (P.N.U.D.), Romania. The main objective of the Program is todevelop small and medium enterprises (SMS’s) sector in Romania, by establishing BusinessIncubators and by improving the efficiency of the existing Business Incubators. The small andmedium enterprises selected in the Program receive grants for the acquisition of equipmentsnecessary for starting their activity, and during the incubation period receive partialreimbursement of cost with utilities and consultancy services. Part of this Program is also theproject named “Establishment and Development of Business Incubators in Romania”. This projectstarted in 2006 with three Business Incubators located in Alba Iulia (Alba), Brasov (Brasov) andSfantu Gheorghe (Covasna). These three Business Incubators where financed by the government inpartnership with U.N.D.P.. Each incubator is managed by an administrator. The first incubationcycle started with these three incubators and it included 57 companies.

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