Moldova Startup Summit 2021 is an excellent platform for creating experiences full of opportunities for innovatively thinking entrepreneurs in our country. It brought together the IT community of Cahul, which presented successful relevant ideas implemented in the southern region, Cahul being one of the districts where several projects on entrepreneurship stimulation, IT training, digitalisation and innovation development are currently underway.

The participants also shared their experiences and challenges and talked about how a regional business can accelerate to get financial support from investors. More opportunities for local startup development are offered in the region by EU4Moldova: Startup City Cahul, a project that supports economic development through innovation, tech entrepreneurship and employment in the southern region of the country.

One of the relevant initiatives is carried out in partnership with Bogdan Petriceicu Hașdeu State University of Cahul which has introduced an entrepreneurship course in its curriculum. Within the subject, students learn to develop a business, from idea to fulfilment, being mentored by teachers trained in the area. Also, during the course, students will learn about strategic management, financial planning, marketing, pitch, attracting investors, etc. The educational process involves a mixed approach of groupwork and individual work, young people being stimulated to gain and apply knowledge outside the classroom.

Moldova Startup Summit also saw several innovative ideas presented by young people in the region, which could become successful businesses and even advance Cahul’s regional community development.