EIT Urban Mobility just opened an ongoing investment call for early-to-seed stage ventures. Selected scale-ups and start-ups can receive up to €500,000 capital. More importantly, the offer goes beyond funding. Ventures will benefit from fast-track introductions into the urban mobility community via the extensive regional and pan-European network, including cities, mentors, and industry leaders. This allows start-ups to validate their solutions, network with key decision-makers and scale their company with increased visibility.
The current portfolio contains companies developing technologies and solutions which are shaping the future of the urban mobility landscape. While financial return is essential, as an impact investor EIT Urban Mobility selects ventures where social and environmental impact grows with revenue. Start-ups in EIT Urban Mobility’s equity portfolio contribute positively to at least one of the Sustainable Development Goals (SDGs) related to sustainable cities and communities, clean energy, and climate action. Based on the call for actions related to these goals, EIT Urban Mobility is linking key performance indicators to the expected impact of the start-ups to indicate their contribution to improved sustainable and liveable cities.
In addition, EIT Urban Mobility focuses on inclusive and gender-balanced teams when selecting start-ups. Research indicates that new businesses led by women are more likely to succeed and more likely to exceed expectations for growth. Since EIT Urban Mobility made inclusive and gender-balanced teams a key priority in 2020, internal reports show that the number of female-led ventures in the EIT Urban Mobility portfolio has grown from 16% to 27%, and the share of gender-balanced start-up investments has risen from 28% to 52%.
Finally, to stimulate the talent and entrepreneurial mindset in all of Europe, EIT Urban Mobility pays special attention to start-ups incorporated in the Regional Innovation Scheme (RIS), where conservative and risk-avoiding policymaking can slow down change and innovation.
For more information about the investment call: EIT Urban Mobility Startup Investments – EIT Urban mobility
Source: EIT Urban Mobility (https://bit.ly/3OYFD3L)