Israeli startup Crossrider PLC has entered the local market by opening a hub in Bucharest called Innovations Bucharest that aims to connect local startups to external investors, reports local Wall-street.ro.

Crossrider PLC was set up in Tel Aviv in 2010 and has six global offices, including in London, Tel Aviv and Bucharest. It is managed by the CEO Ido Erlichman and is part of the group of companies Teddy Sagi.

“We plan to become an excellent alternative for local startups, providing a complete solution for the needs of a startup, be it office space, mentorship, and funding,” said Cristian Orasanu, the local director of the hub.

Together with the founders of each startup, the company will create an individual strategy of incubation, including mentorship, goals, and dedicated resources.

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