Turning innovation into businesses
EIT Urban Mobility Business Creation programme will develop a start-up friendly environment with the ultimate aim to create the competitiveness of Europe’s mobility industry. Business Creation aims to become the reference in the market for transforming innovative mobility projects into the most successful business models through the creation of start-ups or scale-up of existing businesses. The tools used are:
- Resources for start-ups and scale-ups
- Knowledge and training
- Funding
- Networking
EIT Urban Mobility supports the lifecycle of start-ups through the phases of acceleration, incubation and scale-up and through their own investment tool.
Activities
Accelerator programme
The EIT Urban Mobility Accelerator is an EU-funded programme in five European regional hubs implemented through partners to take early-stage mobility start-ups to the next level. EIT Urban Mobility is looking for early-stage start-up teams with business ideas that reduce congestion and increase efficiency in the transport system. With innovative approaches to make commuting faster or more enjoyable. With concepts to accelerate the transition to low- or zero-emission forms of transport – and with all other possible ideas that help to solve mobility-related problems.
Finance2move
The porgramme provides financial support for early business creation:
- Matching innovative ideas with different funding options from a pool of local, public funders
- Facilitating access to private venture capital too
- Creating an EIT Urban Mobility investment fund
GoGlobal
The programe promotes global outreach by organising trips for mature urban mobility start-ups to connect and expand internationally and welcome international start-ups to Europe with a clear thematic focus on urban mobility. The offer:
- The organisation of special online events (due to COVID-19 these are online) for selected urban mobility start-ups participating in the Scale-up Hub and for others that meet the selection criteria
- Access to external events such as the Smart City Expo World Congress (SCEWC)
- Host (online) international start-ups, scale-ups from North America, Latin America, Asia, etc
- Access to the EIT Urban Mobility network and ecosystem
- Support to start-ups based outside of Europe to enter the European market and get introduced to EIT Urban Mobility partners
Scale-up Hub
The scale-up package includes:
- Programme for start-ups across all EIT Urban Mobility pan-European partners with a focus on urban mobility and urban infrastructure
- Excellent opportunity for start-ups to become visible through the urban mobility Start-up Map Europe
- Facilitation for start-ups for market entry and receive support from EIT Urban Mobility
- Enhancement fundraising processes plus help with investor readiness and introductions to potential investors (via Finance2Move)
- Pilot activities with cities: up to three scale-ups will get the chance to access up to EUR 50 000 in equity-free funding to run pilot projects with European cities in 2020