BRUSSELS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/EITDigitalChallenge?src=hash” target=”_blank”gt;#EITDigitalChallengelt;/agt;–Who will be Europe’s next tech giant? The question is asked by EIT
Digital, a leading European digital innovation and entrepreneurial
education organisation. Fast-growing startups are invited to apply for
the sixth edition of the EIT Digital Challenge. The best ten companies
will receive prizes totaling €750,000 in cash and in kind. The
application deadline is 14 June 2019.
The EIT
Digital Challenge, the competition for European digital deep tech
companies, is now accepting applications. Fast-growing startups – so
called scaleups – are invited to apply in one of the following
categories: Digital Tech, Digital Cities, Digital Industry, Digital
Wellbeing and Digital Finance.
“We will select 25 companies 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. “10 winners will receive one 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 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 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.
Application criteria
To successfully apply for the EIT Digital Challenge 2019, companies must
fulfil the following criteria:
- based in a EU member state
-
be in the growth stage, to be proven by an annual revenue of over
€300,000 or min. €2m in total funding) - be in their first ten years of existence.
The deadline for applications is 14 June 2019. For further
information and an application form, please visit www.challenge.eitdigital.eu.
Contacts
Luisa Sieveking
EIT Digital Challenge Communications
[email protected]
