The Regional Development Agency – the West Region and its partners within the RO-BOOST SMEs regional consortium – Tehimpuls – The Regional Center for Innovation and Technological Transfer of Timisoara, the Regional Development Agency – the South-West Region, the Development Center of Arad and the University of Craiova implements, starting from the 1st of January 2015 until 2020, the project “Stimulating smart and innovative growth for small and medium-sized enterprises in Romania”.

The Ro-Boost SMEs regional consortium is a partner of Enterprise Europe Network – a European network present in over 40 countries, which aims to support small and medium-sized enterprises in developing innovative and business potential by providing customized support and consultancy services. These value-added services shall be provided through the intermediary of the organization of events, mentoring groups, trainings, meetings, brokerage activities and economic missions through the intermediary of a European platform dedicated to small and medium-sized enterprises.

In this context, Tehimpuls organizes an information event regarding the existing innovation funding opportunities within the Horizon 2020 Program, namely the SMEs Tool and the InnovFin Instrument – EU funding for innovators, an initiative of the European Investment Bank.

The event is addressed to companies from the West Region that can benefit from funding through the intermediary of this program and it shall be held at the headquarters of the West Regional Development Agency, the Boardroom, Proclamatia de Timisoara street, no. 5, on the 19th of May 2015.

The agenda of the event can be consulted

Through the SMEs tool, the European Union funds the most innovative small businesses with a high growth potential. The tool, which has a budget of approximately 3 billion Eur for a period of seven years, provides simple and fast grants for feasibility studies on entrepreneurial innovation (phase 1) and for demonstrative projects (phase 2). Additionally, sufficiently mature concepts to attract investment can also benefit from business development counseling and from other support services (phase 3).

You can find more information at: In addition, the European Commission and the European Investment Bank Group are joining forces to encourage banks and other financial intermediaries to grant loans or to provide capital to innovative businesses through the intermediary of the InnovFin tool – funding for innovators. You can find more information by visiting IP/14/670.

For more information on the event and for registration, please contact Mrs. Daniela Copaci,, or Mr. Razvan Inca,, phone number 0356/178753.