HomeFundingDeeptech scaleups: Apply now to the EIT Digital Challenge 2020

Deeptech scaleups: Apply now to the EIT Digital Challenge 2020

Fast-growing European tech startups are invited to take part in the 2020 edition of the EIT Digital Challenge to win a full-year of acceleration worth €50K, access to EIT Digital’s innovation network and international visibility – plus, if you are the top selected startup, a further €100K. 

EIT Digital is looking for startups in the following 5 thematic areas: Digital Tech, Digital Cities, Digital Industry, Digital Wellbeing and Digital Finance. In particular, they’re looking for startups that will tackle the world’s major challenges.

“Among all applicants to the competition, we will select 20 companies and invite them to an exclusive event in November 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 5 winners will be announced during this event, one Challenge winner and four runners-up; they all will receive a full year of tailored support from the EIT Digital Accelerator, valued at €50,000. On top of that, the Challenge winner will receive a cash prize of €100,000.”

The 5 lucky teams getting a full year of support from the EIT Digital Accelerator can expect world-class guidance. The EIT Digital Accelerator was ranked among the World’s Top 5 Public Business Accelerators in 2019 by UBI Global, and one of the top Accelerators in Europe by a European Startup Initiative survey. The top 5 teams will get access to expertise provided by business developers and fundraising experts operating from 17 cities across Europe, and a hub in Silicon Valley. 

How to apply

To apply for the EIT Digital Challenge, companies must fulfill the following criteria: be based in one of the member states of the European Union, United Kingdom, or in one of the Horizon 2020 associated countries; be in the growth stage (to be proven by showing annual revenue of over €300,000 or at least €2 million in total funding); and, they should be in their first ten years of existence.

Since its launch in 2014, the competition has attracted more than 2000 entries from all over Europe. Most of the winning scaleups have gone on to become internationally successful companies. Now it’s your turn!

“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.

The deadline for applications is 7 June 2020. For further information and to apply, please visit the EIT Digital Challenge website.

Editor’s Note: This post has been created in collaboration and with financial support from EIT Digital. If you’re also interested in partnering with us, just reach out.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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