The Startup Ecosystem of Moldova

Despite limited resources for support initiatives, the public sector has successfully established Free Economic Zones and Industrial Parks, alongside offering tax incentives and forging free trade agreements with various countries. Moldova is also making strides in tech infrastructure and digitalization, as evidenced by the Moldova Innovation Technology Park (MITP) and platforms like Invest Moldova aimed at fueling the startup ecosystem. Residents of MITP now have access to an IT VISA, granting IT specialists the ability to work and reside in the country while benefiting from tax advantages. Additionally, there is a growing diversification in the tech sector with startups focusing on AgTech, InsureTech, and WineTech.

With the active support of Startup Moldova, the startup ecosystem is gaining momentum with increased resources and investments. The country is also raising its profile through events like the Startup Moldova Summit, attracting interest from both global and local investors. Investments from countries like the USA and the UK reflect a growing confidence in Moldova’s entrepreneurial potential.

It is crucial for Moldova to retain its brightest minds and prevent brain drain to countries offering more opportunities. While it may be early to discuss unicorns in Moldova, startups such as Planable and Fagura are showcasing scalability within the country’s relatively small ecosystem. With a promising future ahead, Moldova is poised for further growth, possibly fueled by upcoming reforms as the nation eyes potential EU accession.