The New York Times reported last October about Romania´s sparkling start-up scene and its pool of technology talent. Microsoft, Intel and Oracle have long seen this and invested here, working close to thousands of tech startups that breathe innovation into their companies. Although it ranks negatively (61st) in the Global Innovation Index which measures a government’s ability to encourage innovation through policy, it seems that Romania´s business culture is breaking the shackles of the communist regime that ruled until only two decades ago.
This has not come easy for Romania. While cultural barriers are fading away with each younger generation, entrepreneurs still have to face anti-entrepreneurial attitudes and policies. For example, according to serial entrepreneur and angel investor Marius Ghenea, who has been on the Romanian entrepreneurial scene since 1991, the education system still shows vestiges of inertia when it comes to business education. Entrepreneurship classes are compulsory in Romanian high schools, but practical experience is missing, according to Ghenea, who proposes earlier and more hands-on exposure to entrepreneurship for the young.
To read the full, original article click on this link: Romanias Reach for the Future - Entrepreneurship.org
