QUALITATIVE STUDY ON THE MANAGEMENT OF START-UPS FINANCED FROM EUROPEAN GRANT FUNDS

  • Ciprian Manea Polytechnic University of Bucharest
  • Augustin Semenescu Polytechnic University of Bucharest
  • Dragos Florin Marcu Polytechnic University of Bucharest
  • Bogdan Florea Polytechnic University of Bucharest
Keywords: Entrepreneur, European Funds, Research Infrastructure, Financial Management, Start-up

Abstract

The study focused on the impact of 100% non-refundable European funds on new businesses established in Romania through the Start-up Plus and Start-up Diaspora financing programs.In this sense, a standardized questionnaire consisting of 35 questions was designed and applied to a sample of 198 entrepreneurs who benefited from 100% non-refundable financing of approximately 40,000 euros during the years 2019 - 2020. As a result of the validation of all questionnaires completed by the beneficiaries of these types of funding, we used SPSS v.16.0 and SPSS v. 29.0 to interpret the obtained data.The obtained results led us to a series of worrying conclusions regarding the management and sustainability of this type of financial support among newly established enterprises.The result of this research can represent one of the most important starting points for the central public authorities necessary for the development of future funding lines

References

1. Manea, Ciprian, Semenescu, Augustin, (2021) ”The risks associated with start-ups in Romania, in the context of their financing from European non-refundable fund” In , Review of Management and Economic Engineering, vol. 20, no. 1(79) , pp. 21-30, 2021 ISSN (print): 1583-624X, ISSN (online): 2360-2155.
2. Manea Ciprian; Semenescu Augustin, Vijiac Iuxel, (2021), ”Challenges of transitioning towards a circular economy, in the context of non-refundable european funds financed romanian start- ups”,In Review of Management and Economic Engineering, vol. 20, nr. No. 1(79), pp. 72- 82, 2021, SSN (print): 1583-624X, ISSN (online): 2360-2155 - 72.
3. Manea Ciprian; Semenescu Augustin; Vijiac Iuxel (2021) ”Studies regarding the access of entrepreneurs to research infrastructures funded by EU”, In InternationalConference of Management and Industrial Engineering “Business Change and Digital Transformation in a World Moving Through Crisis”, November 11th –13th, Editura NICULESCU, 2021, ISSN 2344-0937, ISSN-L 2344-0937, pag. 63 - 74
4. Manea Ciprian ; Semenescu Augustin; Ignat Gabriela, (2021) ”Perspectives on the management and financial performance of smes in the context of the circular economy and the crisis generated by covid-19 in the european union”, Review of Management and Economic Engineering, Vol. 20, Nr. 4(82), December 2021, p. 299 - 305, ISSN (print): 1583-624X, ISSN (online):2360-2155,pag.299
5. Manea Ciprian; Semenescu Augustin; Ignat Gabriela, (2021), ”Studies on innovative management regarding the level of financial sustainability of start-ups”, International Conference of Management and Industrial Engineering “Business Change and Digital Transformation in a World Moving Through Crisis”, November 11th –13th, Editura NICULESCU, 2021, ISSN 2344-0937, ISSN-L 2344-0937, pag. 75 - 86.
6. Târțiu, V. E., Ștefănescu, M., Petrache, A-M., Gurău, C.R., The transition to a circular economy. From waste management to a green economy in Romania, European Institute of Romania, 2019, ISBN (online): 978-606-8202-62-4
7. The European Commission, ”Circular Economy Action Plan”, Article from an internet address, downloaded on 04 October 2020, from https://ec.europa.eu/eurostat/web/circular- economy/indicators/monitoring-framework.
8. European Parliament, Article from an internet address, downloaded on 04 December 2020 fromhttps://www.europarl.europa.eu/news/ro/ headlines/society/20210128STO96607/cum- doreste-ue-sa-obtina-o-economie-circulara- pana-in-2050
9. European Parliament, Article from an internet address, downloaded on 04 October 2021 from https://www.europarl.europa.eu/news/en/hea dlines/economy/20210107STO95112/covid-19- how-the-eu-can-help-small-businesses
10. European Council, Article from an internet address, downloaded on 04 October 2021 from https://www.consilium.europa.eu/ro/infograph ics/recovery-plan-mff-2021-2027/
11. European Council, Article from an internet address, downloaded on 04 October 2021 from https://www.consilium.europa.eu/ro/policies/the -eu-budget/long-term-eu-budget-2021-2027/
Published
2022-12-30
How to Cite
Manea, C., Semenescu, A., Marcu, D., & Florea, B. (2022). QUALITATIVE STUDY ON THE MANAGEMENT OF START-UPS FINANCED FROM EUROPEAN GRANT FUNDS. Nonconventional Technologies Review, 26(4). Retrieved from http://revtn.ro/index.php/revtn/article/view/394