inVest – Urban Mobility Accelerator
What is inVest?
inVest – Urban Mobility Accelerator is the first program in Romania dedicated to supporting innovative urban mobility solutions from West Romania. Launched in 2025, it is implemented by Iceberg Plus and Cowork Timișoara, with support from the West Regional Development Agency (ADR Vest) and co-funding from EIT Urban Mobility, part of the European Institute of Innovation and Technology (EIT).
The program supports startups and founder teams building green, digital, and efficient solutions for the cities of the future.
Project Overview
During its first phase in 2025, the inVest – Urban Mobility Accelerator runs from July to December 2025. The program is led by ICEBERG PLUS SRL, in partnership with Cowork Timișoara, and is co-funded by EIT Urban Mobility (part of the European Institute of Innovation and Technology – EIT), with regional support from ADR Vest.
This phase aims to support 14 urban mobility teams, providing tailored acceleration services and access to a total grant budget of €260,000. Each selected team will receive up to €18,500 in equity-free funding to develop or scale their urban mobility solutions.
The event will conclude in 23 October 2025, with the Demo Day in Timișoara.
In the second phase (2026), ADR Vest will take the lead, offering follow-on investments to the most promising and high-performing startups from the first phase, supporting their growth and market expansion in the region and beyond.
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.
inVest aims to grow a regional innovation ecosystem in urban mobility. The program offers two tracks:
Venture-Building Track
for individuals or teams wanting to launch a mobility startup
Startup Track
for existing startups looking to enter the Romanian market and test their solutions with local cities
Participants benefit from expert mentoring, specialized workshops, connections to local authorities, companies, and investors, as well as €18,500 in funding per team.
The
Results
2025 Projections
Tracks delivered
(Venture-Building & Startup)
Teams/startups supported
Mentors involved
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For startups, SMEs, academia, authorities.
For Bold ones.