RISE Hub Romania

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.

Completed
In progress
Upcoming
Oct 2024

Initial policy dialogue, London

Origin

Round 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.

Feb 2025

Ministry of Economy engagement, Bucharest

Institutional

Meeting with the Secretary of State for Entrepreneurship to present the initiative and assess institutional appetite for a structured tax incentive proposal.

Feb 2025

Cross-ministry consultation

Institutional

Working 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.

Mar–Sep 2025

Coalition building

Ecosystem

Seven 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.

Oct 2025

HowToWeb 2025

Public

Public 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.

Oct 2025

Repatriot Summit, Palace of Parliament

Parliament

Panel 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.

Nov 2025

Ministry of Finance & EY technical workshop

Technical

Formal 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.

Apr 2026

Impact study & Senate round table

Current

Commissioning 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.

Q2 2026

Budgetary impact study submission

Next

Full 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.

Q4 2026

Ordinance (OUG) adoption

Target

Target: 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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