Business Incubators in Romania

Table of Contents

Introduction 4

Chapter 1. Financing Sources and Business Incubators 5

1.1. Financing Sources 5
1.1.1. Ways to raise money 5
1.1.2. How raising capital varies with a firm's life cycle 8
1.1.3. Conclusions 9
1.2. Business Incubators 10
1.3. Incubators in Romania 12
1.3.1. Overview 12
1.3.2. Legal Framework 12

Chapter 2. UNDP’s Business Incubators 20

2.1. The United Nations (UN) 20
2.2. The United Nations Development Programme (UNDP) 22
2.3. Establishment and Development of Business Incubators in Romania 23
2.4. Case Study – S.C. Box S.R.L. 25

Conclusions 35

References 36

Appendix 1. Business Plan – S.C. Box S.R.L. 38

List of Abbreviations

CV – Curriculum Vitae

E.g. – For example

EU – European Union

GD – Government Decision

GO – Government Order

I.e. – Id est

IPO – Initial Public Offering

MDG – Millennium Development Goal

NASMEC – National Agency for Small and Medium Sized Enterprises and Cooperation

NBIA – National Business Incubation Association

ROA – Return on Assets

ROE – Return on Equity

ROI – Return on Investment

R&D – Research and Development

SME – Small and Medium Enterprise

Sqm – Square meter(s)

SWOT Analysis – Strengths, Weaknesses, Opportunities, and Threats Analysis

UK – United Kingdom (United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK, or Britain)

UN – United Nations

UNDP – United Nations Development Programme

USA – United States of America

USD – Currency, Unites States of America Dollar

List of exhibits and figures

Figure 1: Consulting services offered by the incubators 18

Figure 2: The United Nations System 21

Figure 3: Profitability Ratios – S.C. Box S.R.L. 28

Figure 4: Liquidity Ratios – S.C. Box S.R.L. 29

Figure 5: Solvency Ratios – S.C. Box S.R.L. 30

Introduction

An entrepreneur has a great idea, maybe has even patented a