The InnovX-BCR technology business accelerator recently completed the first programme dedicated to venture capital (VC) investment funds in the Central and Eastern Europe region, the Romanian Commercial Bank (BCR) announced, according to Agerpres.

„Out of 14 teams participating in the programme, 6 have become alumni and are going to open venture capital investment funds through which they aim to invest 155 million euros in the coming years in technology start-ups in Central and Eastern Europe, with an emphasis on the Romanian market,” the press release states.

Thus, Dicor Holding (Corporate VC) plans to launch a corporate fund of 5 million euros to support Romanian startups in the pre-seed/seed phase, especially in the fields of agribusiness & agritech, considering solutions from industries complementary to agriculture.

At the same time, Energy Capital is a venture capital fund in several stages, worth 30 million euros, which invests in the energy sector in Central and Eastern Europe, with a history that includes the financing of energy projects in Romania for over 300 million euros.

„E.V.A. Capital is launching a seed investment fund, worth 50 million euros, aimed at investing in life sciences companies that have a positive impact on improving the quality of life, including in synergy with artificial intelligence. The fund will be aimed in the proportion of at least 50 percent to companies co-founded by women,” the press release states.

According to the cited source, Future Now Capital is a multi-stage venture capital fund worth EUR 30 million, intended to invest in start-ups from the European Union (companies focused on a clear mission in technology, with a set of clearly defined values, with a valuation of up to 10 million euros).

Netopia Ventures (Corporate VC) is launching a 15 million euro early-stage risk fund, focused on technology-based business models from Romania and other CEE countries, which aim to stimulate the digital platform economy.

At the same time, OPX Ventures is launching a venture capital and operational support fund, which aims to attract 25 million euros to invest in technology start-ups in Central and Eastern Europe, around a team with investment experience.

The InnovX-BCR business accelerator is a project carried out 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 the scholarships allocated to the entrepreneurs in this project, the courses and the logistics costs.

Agerpres