Building the Business Angel Community in Romania with The ESIL Project

The ESIL project consortium where EBAN is a partner together with Business Angels Europe (BAE), META Group, GoBeyond and LINC Scotland, is proud to announce the successful launch of the first capacity building for business angels event that took place in Bucharest Romania last 8 – 9 June 2016. The event consisted of 2 days of intensive training, networking and roundtable meetings with 50 participants from the local business angel, early stage investment and entrepreneurial community of Romania.

As a part of the activities taking place in Bucharest, on 8 June EBAN and BAE hosted a special Stakeholders meeting with local entrepreneurial eco-system representatives from both the public and private market to discuss about their role within the Business Angel value chain in Romania and in the broader pan European context. The Stakeholders meeting took place between 14:00 – 17:00 at the Rembrandt Hotel in Bucharest and saw the participation of 15 representatives from the Romanian entrepreneurial and early stage investing eco-system, including national public officials such as Secretaries of State and Advisors to the Ministers and private market players such as lead angel investors, accelerator managers and serial entrepreneurs from Romania. BAE’s President Philippe Gluntz and EBAN‘s Board Member, Selma Prodanovic led the roundtable sessions which were divided in different focus groups depending on the areas of interest of the different stakeholders. Throughout the meeting EBAN and BAE sat with the stakeholders to gather both insights on the local eco-system and also to make recommendations as to how to strengthen and fully leverage the community in place.

Following the meeting with the stakeholders, EBAN’s Selma Prodanovic commented: “Romania is so much more developed than I thought when it comes to business angels! The local partners at BA Romania and Venture Connect did a fantastic job at bringing together all the public and private representatives of the ecosystem and we had a nice roundtable meeting with them all sitting together, something no one would have thought to be possible. For sure the early stage investing eco-system exists but unfortunately it is still not well connected neither at a national level nor at an EU level as it is still in its early days and not enough has been done to support Romania. As ESIL project partners we definitely have to strengthen and leverage on what is already there and get more support at EU levels for Romania.”

If you are interested in learning more about the ESIL project and the activities and events taking place in the Central and Eastern Europe, visit:

About ESIL Project

Early Stage Investing Launchpad pilot has the overall objective of developing and boosting the activities for Business Angels through an international capacity building program. ESIL pilot focuses on 3 EU Member States where the number of BAs and BA related activities and investments are still under developed or just emerging. Particular attention is devoted to the seed and early stage investment in ICT highly innovative start-ups and SMEs.

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