Foreign experts recommend the Moldovan authorities to promote entrepreneurship in the area of information technology. The authorities must also promote programs to develop this area by creating incubators for stimulating durable startups and promoting entrepreneurial education from an early age. The recommendations were made in the Moldova ICT Summit 2016 that is held in Chisinau, IPN reports.

The experts also recommend the authorities to be ready for a more efficient dialogue with this community and to create information points for startups. The registration and administration of businesses must be simplified with more favorable taxes and regulations and with services and consultancy for foreign entrepreneurs.

According to the foreign experts, the access to financing and mentors who will share their experience and knowledge must be facilitated. Own capital must be secured by crowdfunding. Regulations to encourage foreign entrepreneurs to start businesses in Moldova are needed.

On April 23-24, the group of experts from 16 countries met in Moldova to exchange experience and generalize successful practices from their countries and adjust them to the situation in Moldova as regards the development of IT startups.

Moldova ICT Summit 2016 was opened on April 27. All the themes discussed within the three sections of the first day centered on the consolidation of the ICT sector in Moldova for developing an economy based on technology and knowledge.