Techcelerator expands in South-East Europe by launching Scale Match, the first regional matchathon dedicated to high-tech startups
The program targets 40 Fintech, eHealth, AI or SaaS startups from 15 countries
Techcelerator, the largest accelerator in Romania for technology startups, expands in South-East Europe by launching Scale Match, the first regional matchathon that aims to facilitate the access of high-tech startups to strategic partners in the region and investments.
The program targets companies that develop solutions in Fintech, eHealth, companies that integrate artificial intelligence and developers of SaaS solutions that are in the Market Ready phase. To be eligible, startups must have internationally scalable solutions, a sustainable business model and an ambitious team.
The applications are open here, until April 13, 2021, and the results will be announced on April 19, 2021.
Up to 40 startups will be selected to enter the matchmaking program. Scale Match will take place online, through one-on-one sessions with investors and strategic partners. More than 20 investors and corporate partners joined this program in search of investment opportunities and partnerships.
“The idea of creating the Scale Match program arose from the desire to create relevant connections between regional startups and deep tech investors. Expanding the Techcelerator footprint is part of our long-term vision to strengthen our role as a strategic partner for high-tech startups. Access to regional opportunities is an extraordinary advantage, both for startups and investors and corporations. We intend to continue with other events of this type targeting Fintech, eHealth, Artificial intelligence, Machine Learning or SaaS startups”, says Cristian Dascălu, co-founder of Techcelerator and partner of GapMinder VC.
The program aims at companies from 15 countries: Romania, Bulgaria, Slovenia, Georgia, Armenia, Turkey, Albania, Bosnia and Herzegovina, Croatia, Kosovo, Montenegro, Northern Macedonia, Serbia, Eastern Macedonia and Thrace, Moldova.
About Scale Match
Scale Match aims to develop the ecosystem of technology startups in the South-East Europe region, offering entrepreneurs the opportunity to connect with the right investors and build strategic partnerships with corporations in their relevant fields. On the other hand, investors have the opportunity to get in touch with innovative solutions and companies, suitable for their investment portfolio or their type of business.
Techcelerator is an acceleration program targeting Romanian technology startups. Headquartered in Bucharest and Cluj-Napoca, Techcelerator is the first accelerator in Romania to allocate funds for companies’ development in the (pre)acceleration phase. It targets acceleration and investments in young innovative companies with high potential for international development and expansion in growing industries such as FinTech, PropTech, software, cybersecurity, Artificial Intelligence, digital transformation, IT solutions for health, AgTech, and others. Techcelerator benefits from the strategic support of GapMinder VC and collaborates with other relevant local and European investors to support the local tech ecosystem.
About GapMinder Venture Partners BV
GapMinder is a $ 45 million venture capital fund that invests in technology companies created in Romania and Central Europe, growing rapidly internationally and in the Seed or Series A phase. GapMinder partners have a direct approach as investors, helping companies grow through strategic consulting and direct involvement in the operational organization, corporate governance, and financial discipline. GapMinder’s portfolio includes companies such as FintechOS, TypingDNA, SmartDreamers, Deep-stash, Frisbo, Machinations, Soleadify, or Innoship. GapMinder is mostly co-financed through the 2014-2020 Competitiveness Operational Program.
About the European Investment Fund
European Investment Fund (EIF) is part of the European Investment Bank Group and is the main venture capital for SMEs in Europe, via venture capital instruments, guarantees, and microfinance. In Romania, the EIF implements financial instruments funded through structural and investment funds: JEREMIE 2007-2013, SME Initiative, and financial instruments from PO Competitiveness, Regional Operational Program, and NRDP.