Apply For The EIT Digital Challenge 2019 By 14 June

The EIT Digital Challenge is an international pitching competition focused on deep tech scaleups – late-stage startups – seeking to accelerate their growth. In total, 25 scaleups in five categories will be selected to pitch their product or service in front of an international jury of corporates and investors at the final event in October. The two best companies per category will gain 12 months in the EIT Digital Accelerator worth €50,000 to scale up their business. On top of that, the first prize winner in each category receives a cash prize of €50,000.

Proven Concept For Deep Techs

The EIT Digital Accelerator consists of a team of around 40 experienced business developers and fundraising experts operating from 13 cities across Europe, along with a hub in Silicon Valley. Since 2012, the EIT Digital Accelerator has supported over 300 fast-growing startups to sign up customers and raise capital.

“The EIT Digital Challenge is ideal for companies that already have significant traction in their home market and are ready to expand internationally,” says Giuseppe Giordano, CEO of Enerbrain who were awarded in the EIT Digital Challenge 2018 and joined the Accelerator shortly after. “The price brought us a lot of visibility and increased our reputation. Now the EIT Digital Accelerator team is breaking the barriers of the fragmented European market by helping us concretely to acquire customers and to raise funds in other European countries.”

With the EIT Digital Challenge, we are determined to identify the best ambitious European entrepreneurs and support them in building the future dominant companies in digital technologies”, says Chahab Nastar, Chief Innovation Officer of EIT Digital.

Looking For European Companies In 5 Categories

To successfully apply for the EIT Digital Challenge, companies must fulfill the following criteria: They must be based in one of the member states of the European Union or in H2020 associated countries (a full list is available here), they have to be in the growth stage (to be proven by showing an annual revenue of over €300,000 or at least €2m in total funding), and they should be in their first ten years of existence.

Deep Tech companies with existing customers can apply in five categories: Digital Tech, Digital Cities, Digital Industry, Digital Wellbeing, and Digital Finance. The ten best companies will receive prizes totaling €750,000 in cash and in kind.

To grow your deep tech internationally, apply via EIT Digital’s website by 14 June!

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