Raiffeisen Bank Romania announced the successful completion of the selection process for MoonShotX, a groundbreaking initiative designed to support local mid-corporate companies (5–50-million-euro turnover) in scaling their businesses regionally, and potentially internationally.
From a pool of over 760 companies analyzed, twenty-two have been selected to embark on this journey. The selection process, which spanned three months, involved twenty-five mentors and partners from organizations such as Microsoft, IBM, DLA Piper, and Raiffeisen Bank Romania itself. Selection criteria included the scalability of the proposed business models, technological and innovative prowess, social and sustainability impact, the operational capacity of the teams, and their agility in scaling efforts.
Selected Companies:
High Tech Systems & Software, Restart Energy, ALUMIL ROM INDUSTRY, WALDEVAR ENERGY, RAPTRONIC PROCESS ENGINEERING, Masterbuild, EURO TEAM GB SPEDITION, Depozit Virtual, Rebeldot, IvaTherm, 2B Intelligent Software (BENTO), Softia, Hydrosystems, ECO GARDEN CONSTRUCT, Safetech Innovations, ESSENSYS SOFTWARE, Graphein, Lasting Software, SMARTWRAP, CODE932, Ascendia, and Zaleco.
In an exclusive interview, Zdenek Romanek shared his insights on the MoonShotX program and its ambitious goals.
"The MoonShotX project is a unique initiative in Romania, representing an investment by Raiffeisen Bank Romania in the future. It facilitates the expansion of Romanian businesses on a regional and international scale. Beyond the direct economic impact, we aim to enhance Romania's reputation as a hub for entrepreneurship and innovation,"
“Romanian companies are highly competitive in several areas, such as IT, services, or manufacturing. These are just 3 sectors that have high potential for international expansion."
"Our philosophy at Raiffeisen is to approach every mid-corporate client as a potential scaler. Leveraging Raiffeisen's international presence, we offer unified conditions and financing, facilitating seamless expansion. We provide access to our international network, connecting companies with potential partners and clients globally."
"The IT, manufacturing, and services sectors perform exceptionally well. There is room for improvement in the agri-business sector, which requires a more cohesive approach."
"We adopt a strategic approach for each mid-corporate client, collaborating with colleagues in the regions where the company wishes to expand. This ensures uniform conditions, including financing, regardless of the target country."
The MoonShotX program runs from September 2024 to June 2025 and includes the following phases:
It is a significant step for Romanian entrepreneurs. Raiffeisen Bank is a robust partner committed to the growth of the Romanian economy. Our solid capitalization and strong liquidity position encourage us to ask: What’s next? How else can we support Romanian businesses? Why not facilitate their growth and expansion beyond Romania’s borders? They say that if you shoot for the Moon and you miss, you will still be among the stars. Scaling a business regionally is as challenging as a flight to the Moon. It takes courage, ambition, and resources. The MoonShotX program is a natural step in our joint journey. The bank and the Romanian economy are prepared to facilitate the growth of successful businesses. Step by step, with every company we support, we add value to Romania and increase its competitiveness locally and internationally.Quoting former U.S. President John F. Kennedy: Why do we do it? We do it not because it is simple, but because it is challenging and rewarding. Regional scaling up is a challenge we are willing to accept and one we are unwilling to postpone." – Zdenek Romanek, President & CEO, Raiffeisen Bank Romania.
You can see more details about MoonShotX here.
About Raiffeisen Bank Romania
Raiffeisen Bank is a top universal bank, boasting solid capitalization and liquidity, and serving over 2.2 million clients, both individuals, and businesses, in the Romanian banking market. For more than 25 years, Raiffeisen Bank has supported the Romanian economy by offering financial products and services designed to meet clients’ needs. Upholding the fundamental principle of responsibility, the bank contributes to societal development by financing the real and sustainable economy. Additionally, Raiffeisen Bank is actively involved in the community through five development pillars: education, urban ecology, sports as a healthy lifestyle, innovation, and lastly, arts and culture. Since 2023, Raiffeisen Bank has introduced a new approach to banking services with the launch of “Banking 1:1,” an interactive way to simulate creating a financial plan for clients using the Smart Finance app, developed by the team in Romania. www.raiffeisen.ro
About InnovX
InnovX is an accelerator that supports companies through technology and innovation, focusing strongly on growth and development. InnovX helps businesses reach their full potential and scale regionally and internationally. In 2024, InnovX was named a European leader in acceleration by Financial Times, Statista, and Sifted, winning prestigious awards, including:
