Returning for the seventh consecutive year, the EIT Digital Challenge is one of Europe’s best digital innovation competitions. Winners of the challenge are accepted into the EIT Digital international growth accelerator program over a 12 month period. The main Challenge winner will be also awarded a €100.000 cash prize. Don’t miss this opportunity to take your scaleup internationally!
“To overcome the current crisis, we need the imagination and the execution of the best entrepreneurs out there. With the EIT Digital Challenge, we are determined to identify the best European deep tech entrepreneurs and support them in building major companies that will tackle the world’s major challenges,” EIT Digital’s Chief Innovation Officer, Chahab Nastar, says.
EIT Digital is supported by EIT, a body of the European Union (EU). EIT Digital will shortlist 20 innovative companies who get the chance to pitch their Deep Tech solutions in front of a panel consisting of international corporates and investors. The final event will be held in November.
Why You Should Apply
20 innovative DeepTech scaleups will be competing for the €350.000 prize package. The 5 best companies will receive a full year of tailored support from the EIT Digital Accelerator, valued at €50.000, to scale up their business. On top of that, the first prize winner will get a cash prize of €100.000.
As part of the prize package, winners gain:
- Access To International Markets
- Access To Funding & Strategies
- Access To Networking with 200+ Pan-European Innovation Partners
- International Visibility
Who Should Apply
The EIT Digital Challenge focuses on B2B deep tech scaleups innovating in five main thematic areas who are ready for international scalability:
- Digital Cities
- Digital Industry
- Digital Wellbeing
- Digital Finance
- Digital (Core) Tech
Apply for the challenge if you are developing solutions in the above-mentioned focus areas and also meet the following eligibility guidelines:
- A member of the EU 27 States or UK
- A member of the H2020 Associated Countries
- Less than 10 years since founding, and
- A minimum revenue of €300,000 in 2019, or
- A minimum revenue of €300,000 in 2020 until date of submission, or
- A minimum total funding of €2,000,000 until now.
Building On A Successful Track Record
Since its launch in 2014, the competition has attracted more than 2.000 entries from all over Europe. Most of the winning scaleups have gone on to become internationally successful companies. 2019’s top 10 European scaleups were Oculavis, Wonderflow, R3, QuoScient, Mecuris, SidekickHealth, CerbAir, LORIOT, Zelros, and Minna Technologies.
Here’s what they had to say about the EIT Digital Challenge:
“Winning the EIT Digital Challenge helped us seize a couple of major deals for which we were waiting for the clients’ final decisions. In less than 6 months, EIT Digital has already proved to provide us huge media coverage, some welcome financial support as well as numerous sales opportunities in Europe for which we are very grateful,” says Lucas Le Bell, CEO and Co-Founder of CerbAir, who was awarded in 2019 and joined the EIT Digital Accelerator shortly after.
Zelros joined the EIT Digital Accelerator scaleup program in November 2019, after winning the EIT Digital Challenge 2019 in the category Digital Finance. The company highly appreciated international visibility across Europe and being featured on Times Square along with other EIT Digital Challenge winners. “EIT Digital’s communication initiatives helped us gain more visibility in our target markets in Europe, and we look forward to the outcome of our joint business development efforts,” says Christophe Bourguignat, CEO of Zelros.
Now it’s your turn to become the next European success story! To apply, visit the EIT Digital Challenge website. Applications close on June 7, 2020.
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