PROJECT

Iceberg+ connects deep tech startups with investors across Europe through the DT2 Invest Launchpad

DeepTech for Digital Transformation (DT2) Invest Launchpad was an EU-wide initiative to link AI & Blockchain innovators with investors and foster a community for deep tech funding.

Regional Impact

The project targets three transition regions: Western Macedonia (Greece), Centru (Romania), and Southeastern Bulgaria. These areas face the dual challenge of economic restructuring and fossil fuel phase-out.

COALition strengthens local ecosystems, builds capacity, and helps secure funding, laying the foundation for sustainable growth and job creation in emerging sectors like renewables, hydrogen, and energy efficiency.

Market Context

Coal regions across Europe are under pressure to phase out fossil fuels while preserving economic stability.

Despite their challenges, they also present major opportunities — with estimates of up to 314,000 jobs created through clean energy investments by 2030.

EU policies like the Green Deal, Just Transition Fund, and Hydrogen Strategy support this shift, yet local coordination, strategic planning, and skills development remain key barriers.

Beneficiary

Primary beneficiaries include workers in coal-related industries, regional and local authorities, innovation ecosystem stakeholders, academic institutions, and SMEs in the energy and tech sectors.

Broader beneficiaries include residents of transition regions, future investors, and the extended EU innovation community focused on clean energy and climate neutrality.

Stakeholder Network

COALition is implemented by a diverse consortium of partners from Greece, Romania, and Bulgaria, including public institutions, universities, regional agencies, private companies, and NGOs.

Key members include CERTH (leader), Iceberg Plus, UMFST Târgu Mureș, Sofia University, Mureș County Council, Stara Zagora REDA, and many more.

The Challenge

There was a clear need to reduce the significant funding gap that hindered European deep tech start-ups in artificial intelligence and blockchain. Many promising innovators across Europe – especially in emerging ecosystems – struggled to secure growth capital and connect with investors, impeding their scale-up potential.

The European Commission launched the DT2 Invest (“DeepTech for Digital Transformation”) programme to tackle this issue by mapping the landscape and bringing key players together.  

A core challenge was to bridge the divide between advanced tech hubs and less-connected regions, building a dynamic EU-wide investor community for AI and blockchain technologies.

By raising awareness and sharing knowledge about available funding opportunities, the initiative aimed to turn Europe’s research excellence into innovation leadership in these strategic domains.

Beneficiary

Deep tech start-ups and scale-ups in AI and Blockchain across Europe, particularly those in modest or emerging tech ecosystems, seeking access to investors, funding, and support to grow their innovations.

The European investor community, looking for high-potential digital technology ventures, benefited from improved visibility of quality start-ups and a curated deal flow pipeline.

Policy makers and ecosystem builders also gained insights from the project’s reports and tools, helping shape future support measures for digital innovation.

Delivered by

European Commission (DG CNECT) – Initiated and funded the DT2 Invest Launchpad as part of the EU’s Digital Transformation strategy, in collaboration with the European Investment Fund’s objectives to strengthen venture investment.

Consortium of bwcon GmbH (lead), France Digitale, Mind the Bridge, and Iceberg+ (Iceberg Consulting SRL) – Implemented the program as a joint tenderer team across multiple countries.

Iceberg+ played a key role as the consortium’s Eastern European innovation expert. Iceberg+ led the project’s comprehensive mapping of national AI/blockchain investment programs (Task 2), scouting data from 20 countries (including Romania, Bulgaria, Hungary, Greece, and Lithuania under Iceberg’s purview). It also leveraged its network to organize tailored stakeholder events, bringing together start-ups, investors, and intermediaries to transfer best practices from more developed Western ecosystems to emerging tech communities in Eastern Europe.

The Solution

Over two years, the DT2 Invest Launchpad carried out a series of coordinated activities across Europe’s tech ecosystems.

Awareness-raising workshops and market consultations were at the heart of the program: the consortium hosted eight investment workshops (largely virtual) that convened start-ups, venture capitalists, corporate investors, and public agencies to discuss opportunities in AI and blockchain.

These highly focused events enabled digital innovators to pitch ideas, receive feedback, and forge connections with potential backers in a pan-European setting.

In parallel, Iceberg+ and its partners mapped and assessed national funding landscapes for AI and blockchain.

The team conducted an in-depth analysis of 20 countries’ strategies, public funding schemes, and private investment activities.

This top-down mapping exercise culminated in a set of country reports and a comparative SWOT analysis of ten representative national ecosystems.

By highlighting success stories and gaps in each region, the reports provided valuable intelligence for both investors and policy makers on how to support deep tech innovation.

To broaden engagement, the project built an online knowledge and learning platform. This included launching a Massive Open Online Course (MOOC) on European financial instruments for AI/blockchain start-ups.

The MOOC offered easily accessible lessons to entrepreneurs and intermediaries on navigating funding opportunities – a lasting educational resource emerging from the project. The DT2 Invest team also continuously expanded its network by onboarding new ecosystem partners (incubators, accelerators like Spherik, etc.) and additional venture funds, ensuring that even after the project, a broader community would carry the mission forward.

As a capstone, the initiative curated and launched the “DT2 Portfolio” – a portfolio showcasing Europe’s top AI and blockchain start-ups and scale-ups identified through the project’s year-long scouting process.

Dozens of high-potential companies were evaluated against growth criteria, resulting in a select portfolio of the most promising deep tech ventures. This portfolio was officially unveiled at the DT2 Invest Final Event, a side-event at Slush 2021 in Helsinki, one of Europe’s premier start-up conferences.

There, the DT2 team organized exclusive pitching sessions for the portfolio start-ups, giving them exposure to a large audience of international investors and innovation leaders. The storytelling approach – from articulating the challenge, engaging stakeholders, to celebrating success stories – made the entire program feel like a collective journey to boost Europe’s tech ecosystem.

The Impact

By its conclusion, the initiative had significantly improved the visibility of emerging AI and blockchain innovators and strengthened links between regional ecosystems and the wider European investment arena.

DT2 Invest Launchpad delivered tangible outcomes for Europe’s innovation landscape

The project’s portfolio of start-ups became a strategic tool: it not only recognized leading deep tech companies, but also provided investors with a vetted pipeline of opportunities, thereby accelerating potential deal flow.

For example, the Berlin-based AI company TextCortex was highlighted as “one of the 200 hottest European early-stage AI startups” according to DT2 Invest and the European Commission’s assessment – a testament to how the project shined a spotlight on promising ventures and validated their potential in the eyes of the market.

On the policy and knowledge side, DT2 Invest’s comprehensive reports and analyses offered a new depth of insight into how AI and blockchain innovation is supported across different EU Member States.

The SWOT analyses of ten national ecosystems distilled best practices and common bottlenecks, equipping policy makers with evidence-based recommendations to refine future support measures. This has contributed to ongoing discussions on improving access to finance for startups, especially in regions that lag behind Europe’s major tech hubs.

Importantly, the legacy tools of the project remain available to the community. The DT2 Portfolio is accessible online, serving as a living catalogue of investable European tech startups for any investor or stakeholder to explore. The MOOC and related materials continue to raise awareness and knowledge on AI and Blockchain finance for new audiences, helping to reduce the information gap between private investors and high-quality startups.

In the long run, these resources ensure that the momentum built by DT2 Invest Launchpad carries forward. The connections forged during the project – between entrepreneurs, venture funds, public agencies, and programs like the European Innovation Council and EIF – have seeded a more connected pan-European network. Iceberg+’s involvement has also strengthened Eastern European ecosystems’ ties into this network, an impact that will be felt as more startups from countries like Romania or Bulgaria find pathways to EU funding and markets.

By the end of 2021, DT2 Invest Launchpad had effectively created a blueprint for bridging innovation gaps: it demonstrated how targeted mapping, community engagement, and curated support can bolster an entire continent’s capacity to bring cutting-edge technologies to market. The storytelling narrative of the program – from identifying the challenge to celebrating the success of startups in the portfolio – showcases Iceberg+’s commitment to ecosystem building and its ability to operate at the intersection of local insight and international opportunity.

This case stands as a success story of how Iceberg+ and its partners helped the European tech community take a decisive step toward a more cohesive and well-funded deep tech startup environment.

The Timeline

July 2020 – December 2021

Implementation of DT2 Invest Launchpad activities (initial research, stakeholder engagement, and deliverables) leading up to the final portfolio showcase at Slush 2021

2022

Follow-up dissemination and use of project outputs continued into 2022.

The
Results

20

European countries’ AI/Blockchain ecosystems mapped, producing detailed country reports and a comparative analysis of strengths & gaps.

8

Investment workshops organized (in virtual format) to connect start-ups with investors and gather insights for the community.

1

Massive Open Online Course (MOOC) developed, providing open-access training on funding instruments for digital innovation stakeholders across Europe.

1

Curated portfolio of top AI and Blockchain start-ups in Europe created, featuring the most promising deep tech companies and showcased at an international event.

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