Romania to launch €150 million annual tech research funding scheme

Business Forum
Romania's Ministry of Finance has launched a public consultation for the TechUp Romania funding scheme, designed to support investments in research and development of advanced technologies with production capabilities. 

The programme will have an annual budget of €150 million for the period 2026-2032 and is part of the Economic Recovery Package approved through Emergency Ordinance No. 8/2026. The scheme will accelerate economic growth by stimulating high value-added investments and support trade balance optimisation through technology exports and labour productivity consolidation by creating highly skilled jobs.

"This programme is a partnership for Romania's technological sovereignty. We are not just financing businesses, but supporting the development of solutions that generate high added value and can redefine entire sectors globally. TechUp Romania represents the most ambitious national initiative to support technologies with high systemic impact," said Finance Minister Alexandru Nazare.

The programme provides funding for projects with investment values between €1 million and €10 million, structured in two components: Research & Development (financing through state budget grants combined with a 200% tax deduction for R&D expenses) and Production (grants for initial investments in production capacities using tangible and intangible assets).

The scheme targets frontier projects in Digital (Advanced Computing, Artificial Intelligence, Microelectronics), Life Science (Bio-Technology, Agri-Tech, Precision Health), Energy (Green Energy, Storage, Climate Technologies), Mobility & Space (Autonomous Systems and Space Technologies), and Industry 4.0 (Advanced Materials and Modern Industrial Production). The total estimated budget is up to €1.1 billion, allocated in stages during 2026-2032.

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