European Union Funding-an element for predictable business success?

The aim of this paper is to discuss the ability in assessing successful investment when done by actors outside of the business arena such as government bodies or international economic cooperation agencies. More specifically, the paper aims to analyze how non-reimbursable European funding for enterprises can affect the financial results, comparing companies that have received funding through the Start-up Nation project with companies that have not received it.

In order to determine if companies receiving aid or not receiving aid can be argued to be performing better economically, I have studied data from the Start-up Nation Romania project, which provide the possibility of a concrete comparison by identifying the companies participating in the project, and analyzing which group performed better.