In terms of startup ecosystem and investments, Romania is in Group2, “Early-stage markets, ”together with Croatia, Georgia, Kosovo, Macedonia, Serbia and Ukraine. In these countries, startup ecosystems are at various phases of development (but clearly not mature yet), and startup investment volumes per capita are more substantial by regional standards, according to Startup Investment&Innovation Emerging Europe, a comprehensive startup research on 24 countries of Central and Eastern Europe.
In terms of industry specialization, most countries of the region have developed a rather diverse, generally IT-oriented startup scene. However, on certain local startup scenes, one or a few specific segments have become predominant.
This is the case, for example, with gaming and AI in Belarus, Cybersecurity in Czech, fintech in Latvia, e-commerce and gaming in Lithuania, software and life science in Poland, software in Romania, Gaming and cyber security in Slovenia
We recommend to our partners, investors and Romanian entrepreneurs, to read this research for a better understanding of local entrepreneurship ecosystem.