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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.

SOLUTIONS IN ACTION

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.

Program Highlights

  • Weekly workshops focused on idea validation, MVP, and business model development
  • One-on-one mentoring with international and local experts
  • Final pitch event with access to the EIT Urban Mobility network
  • Direct collaboration with local municipalities for urban testing

Regional Impact

inVest connects innovators, cities, and economic actors across the West Region to transform urban mobility. The program supports early-stage founders, enables real collaboration with municipalities, and contributes to a green, digital, and inclusive transition.

Market Context

Urban mobility in Romania is at a crossroads. Challenges like pollution, congestion, and the lack of modern, integrated transport alternatives are growing more complex in the face of rapid urbanization, aging infrastructure, and unequal access to services. As cities become denser and more central to economic and social life, the pressure on mobility systems intensifies.

According to the United Nations, by 2050 nearly 68% of the world’s population will live in urban areas, adding approximately 2.5 billion more people to cities across the globe. This makes mobility not just a technical issue, but a critical pillar of social and economic infrastructure — one that influences access to education, healthcare, jobs, and inclusive public spaces.

Romania’s urban centers, such as Bucharest, already reflect the urgency of this transition. In 2024, the TomTom Traffic Index ranked Bucharest as the 5th most congested city in the world, with drivers spending over 150 hours a year stuck in traffic. For many, the car has become a “second home” — a space where large portions of daily life unfold, often at the cost of time, health, and quality of life. Road traffic also remains a major source of air pollution, a top public health threat across the EU, contributing to over 300,000 premature deaths annually due to pollutants like PM2.5,

NO₂, and O₃.

On top of that, urban mobility in Romania is marked by deep inequalities. Many urban and peri-urban neighborhoods lack efficient, affordable mobility options, isolating vulnerable groups — including the elderly, youth, and low-income populations — from vital opportunities.

While local governments are increasingly open to smart mobility solutions, startups often struggle to gain market access, pilot their innovations in real-life settings, or connect to European ecosystems that could accelerate their growth.

This is where inVest comes in.
The inVest Urban Mobility Accelerator bridges the gap with a structured program combining funding, hands-on mentoring, and access to the EIT Urban Mobility network. It gives Romanian startups the tools and partnerships they need to test, scale, and integrate their solutions — not just locally, but across Europe’s evolving urban landscape.

Beneficiary

Primary beneficiaries:

  • Early-stage teams building mobility startups
  • European startups seeking to expand and validate their solutions in Romania

Secondary beneficiaries:

  • Citizens
  • Municipalities in the West Region
  • Urban planners, investors, and other local mobility stakeholders
  • Communities looking for smart, green, and accessible mobility solutions

Stakeholder Network

The program activated a mixed network of:

  • Founders and early-stage startups
  • Mentors and experts in mobility, business, and investment
  • Local public administrations and industrial partners
  • Universities and innovation hubs supporting recruitment and knowledge exchange

The
Results

2025 Projections

2

Tracks delivered
(Venture-Building & Startup)

14

Teams/startups supported

15+

Mentors involved

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