Join The EIT Digital Challenge 2019 By 14 June & Scale Your Deep Tech Internationally

EIT Digital, a leading European digital innovation and entrepreneurial education organization, takes the EIT Digital Challenge into its sixth year. The ten best companies will receive prizes totaling €750,000 in cash and in kind.

Deep Tech Scale-Ups Can Apply In 5 Categories

The aim of the EIT Digital Challenge is to support fast-growing startups with existing customers to grow internationally. Deep Tech companies with existing customers can apply in five categories: Digital Wellbeing, Digital Tech, Digital Cities, Digital Tech, and Digital Finance.

“Among all applicants to the competition, we will select 25 companies, that is five per category, and invite them to an exclusive event in Brussels where they will pitch to a jury of high-profile corporates and investors,” says Dolf Wittkamper, Head of the EIT Digital Accelerator. “A total of 10 winners will be announced during this event: in each category, the jury will pick the best two companies; both will receive a full year of tailored support from the EIT Digital Accelerator, valued at €50,000. In addition, the top winner in each category will receive a cash prize of €50,000.”

The competition is focusing on ‘deep tech’ scaleups, with a differentiating product offering that leverages sophisticated, hard-to-reproduce digital technologies. “Europe has a strong opportunity to play a central role in digital by focusing on deep tech, which will impact all industry sectors. 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.

Seeking Scale-Ups From Europe

To successfully apply for the EIT Digital Challenge, companies must fulfill the following criteria:

• Be a fast-growing technology company with international ambitions
• Be max. 10 years old
• Be incorporated in the EU or in H2020 associated countries (the full list of elegible countries is available here)
• Have a minimum of €300.000 in revenue (in full-year 2018, or until the date of application in 2019) or €2 million in funding

Successful Track Record

Since its launch in 2014, the EIT Digital Challenge has attracted more than 1,800 entries. Most of the winning scaleups have gone on to become internationally successful companies.

The deadline for applications is 14 June 2019. For further information and to apply, visit EIT Digital’s website.

 

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