The Journey
From first conversation to legislative proposal.
RISE did not begin with a policy paper. It began with a conversation. Every milestone below represents a step in a deliberate, iterative process: listen, build evidence, convene the right people, and return to the table with a stronger case.
Initial policy dialogue, London
OriginRound table at the Romanian Embassy hosted through Belgrave One Club. First formal engagement with Bogdan Ivan, then Minister of Entrepreneurship, on the case for a risk capital incentive framework in Romania.
Ministry of Economy engagement, Bucharest
InstitutionalMeeting with the Secretary of State for Entrepreneurship to present the initiative and assess institutional appetite for a structured tax incentive proposal.
Cross-ministry consultation
InstitutionalWorking session with the Ministry of Entrepreneurship, SME directorate officials, and legal advisors. The recommendation: build a broad ecosystem coalition before returning with a formal proposal.
Coalition building
EcosystemSeven months of structured engagement with founders, investors, accelerators, and institutional partners across Romania and the UK. The proposal was refined iteratively through each conversation, building both the evidence base and the coalition.
HowToWeb 2025
PublicPublic stage presentation alongside ROSTARTUP (Mircea Vadan) on risk capital programmes for startups. First major public articulation of the RISE thesis to the Romanian tech ecosystem.
Repatriot Summit, Palace of Parliament
ParliamentPanel with Alexandru Agatinei (HowToWeb), Mihai Lehene (MDL Investment), Sergiu Negut (RBL / FintechOS), Raluca Epureanu, Sebastian Boncu (RISE), and Mihai Cotet (Vice-President of the Senate). Cross-party interest in early-stage capital reform confirmed.
Ministry of Finance & EY technical workshop
TechnicalFormal working session with MF directorates and EY advisors on proposal structure, risk capital mechanics, and UK SEIS/EIS precedents. The Ministry confirmed interest and identified four technical requirements: GBER compliance, administrative simplicity, budgetary impact study, and income tax alignment.
Impact study & Senate round table
CurrentCommissioning the independent economic impact study. Organising a dedicated Senate round table on risk capital for startups, bringing together legislators, Ministry of Finance officials, and ecosystem stakeholders for formal technical consultation.
Budgetary impact study submission
NextFull economic impact study to the Ministry of Finance, including dynamic fiscal scoring, cost-benefit analysis, multiplier effects, and GBER compliance assessment. The goal: demonstrate net fiscal neutrality within five to seven years.
Ordinance (OUG) adoption
TargetTarget: adoption of the RO-SEIS risk capital scheme via emergency ordinance. First qualifying investments eligible for relief in tax year 2027.
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Support the initiative for updates as the engagement progresses.