The top 10 alumni from InnovX-BCR’s Scaleups group enter the accelerator stage this week. The finalists, technology companies with a turnover or attracted funding of more than €500,000, will present their business ideas at the Elevator Pitch on 16 November.
The stage will take place live, inside an elevator in The Bridge building in Bucharest, where, in just 60 seconds, the finalists will have to convince the BCR jury that their business deserves to be developed further. Afterwards, company representatives will attend the Demo Day on 29 November, where they will present their business ideas to investors in an extended format.
The 10 Scaleups that will enter the Elevator Pitch are:
Axigen Messaging, an independent software vendor, develops Axigen server software that enables email hosting providers to create and offer premium services to their customers.
Carfix, the digital ecosystem that helps companies or drivers solve all car and mobility issues or processes in minutes, eliminating costly fines for overdue inspections, unpaid fees, human errors and cumbersome paper procedures, for insurance/damage activities, financing, car sales or car repair and maintenance, reducing carbon emissions and giving you time only for the journeys that matter.
Data Privacy Manager, a Croatia-based technology company that provides customers with the technology they need to get the best results and get back to their daily routine faster after an accident or vehicle breakdown.
Crave Bespoke Nutrition, another company based in Bucharest, Romania, that uses advanced algorithms to build a fully customized meal plan and individual recommendations to improve metabolic health through gentle, personalized nutrition and movement recommendations.
Softlead, the fifth Romanian company present in the competition, is the market-leading platform that helps companies find out the degree of digitalization and choose the right software solutions based on Digital DNA (industry specifics, company size, business goals and needs, etc.).
Autowass Manager, the complete Marketplace system that fully covers the supply and demand segments of the automotive industry, enables the launch of auctions and provides management systems for car owners and businesses in the industry.
Gekka, one of the best known coal and charcoal producers in Romania. Through production capacity and innovative technologies, the company aims to support the transition from a fossil-based economy to one based on bio-based and renewable materials.
Movcar is the digital alternative – to calendar reminders and spreadsheets – designed to keep fleet assets, documents, costs, insurance and more in one place, simplifying life for drivers and vehicle owners. Easy to use and cost-saving, web and mobile. For individuals and businesses.
NEWCAR4FUTURE, a start-up based in Cluj-Napoca, is creating a unique product for the Romanian automotive market through an intense process of research, innovation and development on electric vehicles and their integration into smart grids with the help of a team of professionals.
Ecap Manager SRL, based in Suceava, offers solutions for complete automation of ecommerce operations, supporting the digitization process of companies, providing support in increasing productivity and significantly lowering operational costs.
“Through InnovX-BCR we aim to give entrepreneurs the confidence that their dreams and ambitions can become reality. Scaleup programmes help technology companies in Romania and Eastern Europe access the expertise, resources and courage they need to expand their business internationally, and support them in finding the right customers and investors. After the pre-acceleration stage, the Elevator Pitch is a learning and know-how transfer opportunity that will help entrepreneurs maximise their chances of success with investors. ” said Sergiu Manea, CEO BCR and chairman of the Elevator Pitch jury.
“The business environment needs to be a mutually supportive space and InnovX is where we want to not only support but challenge businesses to evolve. To date, we have accelerated 42 scaleup businesses. For these businesses we have attracted funding, offered mentoring programmes and facilitated contact with other investors, local and global corporations, trade departments of embassies based in Romania, so that their businesses become reality. We want to contribute to the common effort for innovation and help both start-ups and scaleup businesses to benefit fairly from resources that will propel them forward” says Diana Dumitrescu, CEO InnovX.
On 16 November, during the Elevator Pitch, the competitors will be evaluated and guided by a jury composed of Sergiu Manea, CEO BCR, Thomas Kolarik, COO BCR, Anca Gherasim, Managing Director Erste Group Procurement Romania, Sorin Visan, Executive Director IT Solutions BCR, Vlad Vitcu, CEO BCR Leasing, Cristian Pascu, Head of Financial Institutions Department BCR. They will be joined by partners Alexandru Mihailciuc, Global Head of Pre-Sales – Robotic Process Automation UiPath, Dorin Preda, Group Executive Director Medlife, Virgil Soncutean, CEO Allianz Insurance, Andrei Andreescu, CFO and Administrator IBM Romania & Moldova, Raluca Popa, Partner Ernst & Young, Vasile Varvaroi, General Manager Cargill, Nazmi Çağlar Bölük, General Manager Euroweb Romania.
The competition round for Scaleups follows the InnovX Bootcamp stage, where both startups and scaleup businesses received support to improve their business strategies. Prior to this stage of the Scaleups Group, on 15 June, 10 startups presented their businesses at the 10th InnovX-BCR Demo Day, under the umbrella of the “Startup Alliance – Article 5” concept. The winners of the 10th edition, Synaptiq.io, Prime Dash and Quick Legal, received Platinum, Gold and Silver packages, which will allow them to attend the Startup Grind Global Conference 2023 in Silicon Valley.
The InnovX-BCR Accelerator is a project in partnership with UiPath, Microsoft, Oracle, IBM, Startup Grind, Mindspace, DLA Piper, EY, MIT CEE Forum, Amazon, and many other companies open to innovation. BCR covers the costs for all scholarships allocated to entrepreneurs in this project, courses and logistical costs. More details about the InnovX-BCR Accelerator: www.bcr.ro/accelerator and www.innovx.eu.