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Description
ROTSA, which stands for Romanian Tech Startups Association, is an organization that was established in 2010 in Cluj-Napoca, and operates as a non-profit, apolitical, and non-governmental entity. The primary goal of ROTSA is to promote, support, and represent the interests of technology startups in Romania. Overall, ROTSA''s focus is on fostering a supportive ecosystem for technology startups in Romania, with the aim of driving innovation, economic growth, and technological advancement in the country.
ROTSA has emphasizes the importance of time efficiency and creating a successful incubation model that focuses on the rate of success of startups after incubation. A successfull transfers of know how for the incubation model includes understanding startups'' needs, creating curricula for training/mentorship, selecting mentors, maintaining alumni relationships, and providing free tools/materials. The goal is to establish a superior incubation model that can be replicated in future incubators, attracting startups and expanding the network of partners. The high failure rate of startups due to various reasons is highlighted, and the incubator is expected to increase the survival rate by providing efficient business skills development.
The project aims to improve the capacity for business development among the Romanian enterprises in the ICT market by developing and implementing a superior model of business incubation for tech start-ups through the know-how transfer from the outsourced Norwegian consultancy company. Through this transfer process we will ensure an increased rate of success for the new ICT businesses in Romania.