Success stories

New entrepreneur:
Georgi Nikolaev (Bulgaria)
Age: 26
Company name: Pro IT Consult Ltd. (Start-up)
Sector of activity: Education and training services
IO: Information and Communication Technologies Cluster (Sofia)

Thanks to the Erasmus for Young Entrepreneurs, I fully understand what OnFormonics does and how they promote their company. I now understand which business model is good for my company and what marketing strategy I should use.

Host entrepreneur:
Raphaella Alcasas (Luxembourg)

Company name: Onformonics (3 years of experience)
Sector of activity: IT, office and communication equipment, services and supplies IO: Luxinnovation GIE (Lu)

Overall, Georgi was able to get a real in-depth view of the managing of a successful software company. Since he was looking to start a company in the area of IT, I think this exchange was a perfect opportunity. I am sure that we both benefited from the exchange.

Period of exchange: 01/2010 until 02/2010
Duration of exchange: one month

With more than 8 years of working in Information Technology, Georgi Nikolaev, from Bulgaria, decided to create his own IT consulting company. The Bulgarian new entrepreneur needed to learn how to manage a viable business as well as understanding the responsibilities and tasks ahead of him. Indeed, starting a new company from scratch can be quite a daunting challenge. More than 1500 kilometers away from Bulgaria, Raphaella Alcasas was running Onformonics, a IT-related business set in Luxembourg, which operates in 3 different European countries. As an experienced entrepreneur managing six employees, Raphaella received Georgi and was happy to show him the key pointers to achieve his dream business.

During his one-month-training at Onformonics, Georgi learned how to manage a company and which business model to implement to ensure a successful IT enterprise. He equally took note of useful marketing and human resources strategies.

The exchange was very beneficial to both entrepreneurs. Raphaella acquired new skills like the use of PCI-DSS standards and their importance in today’s IT world’s business. The PCI Security Standards Council has been trying to secure payment account data online, and has been used by American Express and MasterCard Worldwide, for example. Georgi gained all the skills required to run a successful business. Both entrepreneurs called this exchange ‘a fruitful experience’ and ‘a great partnership possibility’ for further common projects.

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