What is the Woman Manager Program 2024?

The Woman Manager Program 2024, initiated by the Ministry of Economy, Entrepreneurship, and Tourism (MEAT), aims to support female entrepreneurs in developing robust and competitive businesses. The program offers a minimis aid of up to 200,000 lei to stimulate economic growth and innovation in women led businesses.
 
Who can benefit from the Woman Manager Program 2024?
  •  Companies with fully private capital operating in Romania.
  •  Female entrepreneurs who own at least 50% of the company's shares.
  •  Businesses committed to maintaining at least two jobs during the project duration.
 
How to access the program funds?
  • Direct Investments: Funds can be used for purchasing technological equipment, improving work or production spaces, and acquiring essential transportation means for business expansion.
  • Operational Expenses: A lump sum of up to 60,000 lei is available for salaries, utilities, and rent, providing support for the daily operation of the business.
  • Consulting Services: Up to 10,000 lei are available for preparing the necessary documentation and for assistance in project implementation.
 
Important Aspects to Note:
  • The application process is entirely digital and lasts 30 working days, accessible through the dedicated platform.
  • Project selection is based on a scoring system, requiring a minimum of 50 out of 100 points to be eligible.
  • Companies need to provide a cofinancing amounting to at least 5% of the eligible project value.
 
Legislative and Regulatory Changes:
Recently, regulations have been introduced to clarify and simplify access to funding, ensuring transparency and fairness in the selection process.
 
Costs Associated with Program Participation:
Implementing projects funded through the Woman Manager Program may involve additional costs related to cofinancing and the preparation of necessary documentation, but the long term benefits outweigh these initial investments.
 
Concrete Examples:
 
  •  A production company in Bucharest, led by a female entrepreneur, applies for funds to modernize its production line. The total investment amounts to 250,000 lei, with a cofinancing of 12,500 lei.
  •  An IT firm in Bucharest uses the funds to hire specialized consultants for optimizing digital processes, aiming to expand operations in the European market.
 
The Woman Manager Program 2024 is a vital initiative for supporting and promoting female entrepreneurship in Romania. By accessing these funds, female entrepreneurs can enhance the economic performance of their businesses, fostering innovation and adaptability in a constantly changing market. Proper preparation and a clear understanding of the program rules are essential to maximize the available benefits.