The Romanian American Chamber of Commerce – IT Alliance (RACC-IT) has unveiled its 2024 program, which aims to empower the growth of the Romanian IT sector on a global scale. The program seeks to unlock commercial, operational, and investment opportunities for tech firms in Romania and the United States.
RACC-IT is an independent, non-profit chapter within the Romanian American Chamber of Commerce that focuses on connecting Romanian IT expertise with American and international enterprises. The initiative aims to create gateways to opportunities, insights, and collaborative potential in various verticals within the IT sector.
At a recent kick-off event, RACC-IT president Bogdan Capatina, who is also a senior IT manager at Ford Motor Company, outlined the Alliance’s key action plans for 2024. These plans include the establishment of dedicated IT Pillars in areas such as Data, AI and Cloud Transformation; Medical IT and Healthcare; Cybersecurity and Cyberdefense; Energy, Industrials and ESG; Fintech; and IT Services.
Capatina explained that the mission of RACC-IT is to provide support for Romanian IT companies looking to expand their presence in the US, as well as advise US companies on business opportunities in the Romanian IT sector. The creation of the IT Pillars is a strategic partnership between US-based companies and institutions, aiming to develop targeted business ecosystems and address specific requirements of RACC-IT members. Each pillar will be co-led by a US and Romanian anchor company.
Calin Buzan, the vice-president of RACC-IT Alliance, highlighted the platform’s role in facilitating relationships and collaborations between innovators and investors in Romania, the US, and global markets. Buzan emphasized that RACC-IT helps Romanian tech companies open doors to opportunities in the USA while assisting American companies in establishing their presence in Eastern Europe.
The Romanian IT sector is a significant contributor to the country’s economy, generating over 6.2% of the GDP and employing more than 135,000 specialists. With its focus on global growth, RACC-IT is facilitating the expansion of Romanian tech firms beyond national and regional borders.
The 2024 program of RACC-IT signifies a strategic approach to empower the Romanian IT sector’s growth across borders. By creating dedicated IT Pillars in key areas and fostering partnerships with US-based companies, RACC-IT aims to unlock new opportunities and drive the expansion of Romanian tech companies in the global market. Through its bi-directional platform, RACC-IT is creating pathways for collaboration and innovation between Romania and the US, benefiting both regions and contributing to the development of the IT industry on a global scale.
