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Alumni 2019 results partnerships, investments and financing of millions of euro

The start-ups participating in the 2019 edition of the InnovX - BCR Accelerator managed to scale the business, obtain financing of millions of euros and attract new partners to complete the program. Romanian start-ups in the field of technology participated in an intensive three-month bootcamp, meant to offer them support and guidance in business, supported by business mentors, BCR specialists and experts in various fields. Subsequently, they entered into a post-acceleration program, which brought them new partnerships, presence at domestic and global events, mentoring and access to potential investors. Last year, the three participating groups, divided by turnover, included 10 start-ups for the Start-ups group, 10 for Grinders and 5 for Scale-ups.

Most of the participants successfully continued their business development. Many of them have won awards or signed projects with large companies, others have collaborated with the BCR team, and some of them have attracted significant funding.


CREDO received the Seal of Excellence Diploma from the European Commission, were finalists in the Startup Grind Europe - Asia Connect in Tbilisi, participated in the Startup Grind Silicon Valley.

MsingTrauma were finalists in the Startup Grind Europe - Asia Connect in Tbilisi and won a grant of 25,000 euros in the InnoStars Awards competition, one of the emblematic programs of EIT Health InnoStars.

IZIBAC received the Seal of Excellence Diploma from the European Commission, obtained the second place at Startup Grind Europe - Asia Connect in Tbilisi, obtained the second place at the Startup world competition, contributed to the creation of the BCR Business School entrepreneurship education platform and benefited of an investment of 130,000 euros.



IndexAR accessed an EU-Horizon 2020 Phase 1 grant amounting to 50,000 euros, the co-financing amounting to 22,000 euros being provided by BCR Social Finance. Moreover, they enrolled in the Microsoft for Startups program and carried out projects with Continental Automotive, BCR and Riverside Residence.

WiseVoice became technology partners for UiPath, received the Seal of Excellence Diploma from the European Commission, enrolled in the Microsoft for Startups program, launched the magichat application for Magicamp and attracted an investment of 250,000 euros.

MODEX received the Seal of Excellence Diploma from the European Commission, enrolled in the Microsoft for Startups program, developed the eConsultation project for the Romanian Government, became UiPath partners, collaborated with BCR, obtained investments worth 12 million dollars until in early 2020 and opened offices in Washington, London and Silicon Valley.

ProductLead signed up for the Microsoft for Startups program, became Facebook partners, collaborated on projects with BCR, became certified Facebook marketing partners and benefited from investments from Sparking Capital.

KFactory received funding of 215,000 euros and increased customer performance by up to 25%. Moreover, they will launch new features that will add value to the industry, such as quality management, predictive maintenance and augmented analysis.

KPYE became BCR partners by creating the Sales Bridge platform, which will be integrated into the BCR Business School entrepreneurship education platform.




AlphaBlock enrolled in the Microsoft for Startups program, were finalists at the Startup Grind Europe Conference London and participated in the IoT Tribe acceleration program - Space Endeavor - to identify and develop solutions for Smart Farming and Insurance.



SETRIO integrated the Zoom service in the BizMedica clinic management software, developed a business intelligence reporting service for medical clinics in partnership with Microsoft, launched a new version of the GoPharma.ro online ordering platform for pharmaceutical products, launched a B2B platform for distributors and manufacturers called BizToBiz, as well as the Efficiency 2020 program for the Healthcare Industry.


IFactor: I am in the process of licensing PSD2 to develop login APIs for Instant Settlements. I am preparing to launch a new version of the application, and on the roadmap, there are already 3 new modules that will further simplify and automate the user experience and the alternative lending process.


Allevo implemented the Instant Payments project at BCR, created an open source application for SMEs and corporate treasurers, received grants from EEA & Norway Grants and entered into partnerships with Măgurele Science Park and Unionsoft.


DocProcess became PwC partners, received an investment from Morphosis Capital, reached over 3,500 customers globally and over 25,000 users and opened an office in Paris.





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In 2020, BCR will cover the costs for all the scholarships allocated to the entrepreneurs in this project, the logistics courses and costs, without requiring equity in the companies selected in the program.

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