Between October 4-7, Alba-Iulia is hosting the “RePatriot Summit 2018 – Noi facem Romania mai buna!”, marking the 100th anniversary of Romania’s Great Union. Roughly 200 Romanian entrepreneurs with successful businesses at home and abroad were invited to take part in the 3rd edition of this (inter)national event and contribute with new strategic partnerships that would enable Romania to thrive in the next 100 years.
QUALITANCE Co-founder and Managing Partner Radu Constantinescu was also present, as one of the key speakers in “The Romanian Private Sector – The Essential Condition for Stability” panel. While recalling the company’s attempt to reach the US market, Radu confirmed that Romanians can indeed stick together and find support in each other even abroad. Especially if the ultimate purpose is to help Romanian businesses go global and let the world know of the great talent and capabilities born and developed in our home country.
To prove his point, Radu underlined the support QUALITANCE received from Radu Cautis in 2012, when the company was trying to gain ground in Silicon Valley. Romanian Radu Cautis is Partner and Managing Director at MedTech Venture Partners, a company that funds and supports medical technology entrepreneurs. It was Radu Cautis who guided QUALITANCE co-founders through overcoming cultural differences and finding the best approach to win clients from Silicon Valley. And his support soon paid off: in less than 2 weeks, QUALITANCE managed to attract major US clients and, 4 years later, the company acquired LaunchPodium, a San Francisco experience design company. It was only natural for Radu Cautis to become a close advisor to QUALITANCE, next to Tom Chi (Google[x] Co-founder) and Robert Neivert (Venture Partner at 500 Start-ups).
Collaboration with Romanian business people and experts that live abroad not only helps local businesses emerge and thrive on global markets. It also enables Romanian entrepreneurs to gain a lot of experience and knowledge that they can implement locally, contributing to the development of the private sector and ultimately to the growth of the national economy.
Last but not least, the speakers were asked for a solution to bring back home an ever-increasing number of talented Romanians, who are leaving the country for better wages, better economies and, eventually, better lives. With the latest statistics showing that 1 out 5 Romanians lives and works in the European Union, this is a truly worrying matter for both private businesses and state-owned companies. Nonetheless, Radu pointed out that we are now at a point where Romanian companies, especially in the IT field, can offer wages and benefits at the same level as companies abroad. What’s more, Radu stressed that local companies should focus more on creating value, on building things that matter if they want to win back the talented Romanians lost to better paid jobs abroad.
If you missed Radu Constantinescu’s talk, you can watch the RePatriot Summit 2018 LIVE stream above.