India and the US have been two places in focus for some incredibly innovative and interesting start-ups over the last year. And now, Bucharest, which is the capital city of Romania and home to more than half the country’s IT workforce, has become a technology hub to nurture numerous start-ups, according to a new article by TechCrunch .
The article states that the online database Romanian Startups lists 300 home-grown start-ups in the country, up from about 250 a year ago. The sector is also seeing more incubators, angel investors and founders — almost 600 total.
A number of large tech outfits have capitalised on the current scene in Romania as well. In 2014, Facebook acquired ad technology start-up LiveRail, which was co-founded by two Romanians. In 2012, Twitter acquired Summify, a Vancouver-based company started by Romanian entrepreneurs. In 2015, TechCrunch themselves acquired Quality Software Corporation for their leading quality management software capabilities and deep engineering talent.
To read the full feature on Romania’s start-up culture, click here .