The government has approved a memorandum for the establishment of a Fund of Funds aimed at financing start-ups, SMEs, and Romanian companies, with a budget of 200 million euros.

The Romanian government approved on Thursday a memorandum for the creation of a Fund of Funds, which will finance start-ups, SMEs, and developing Romanian companies. This fund, managed by the European Investment Fund (EIF) in partnership with the Investment and Development Bank (IDB), will have an indicative budget of approximately 200 million euros and will become operational starting in 2027.

Investments will focus on strategic sectors such as digital transformation, clean energy generation and storage, security and defense, smart agriculture, health, and biotechnology. The government also aims to create a permanent funding mechanism by attracting public capital and private investments. Implementation will be carried out through specialized private equity and venture capital funds selected by the EIF, and the implementation schedule includes signing a Memorandum of Understanding between the EIF and IDB.