EIT Digital Venture Program (preview!) // EIT Digital

EIT Digital Venture Program (preview!)

EIT Digital Venture Program (preview!)

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International growth support for European entrepreneurs

  • Establish a tech-based venture

  • Win cash prizes up to 15,000 €

  • Develop your Minimal Viable Product

  • Get business development support from international experts

  • Join the leading European innovation ecosystem


IN PARTNERSHIP WITH

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PRIZES

Our prize package offers everything you need to take your business to the next level:

  • GROWTH
    PACKAGE
  • FINAL
    PRIZE
  • PAN-EUROPEAN INNOVATION NETWORK
  • INTERNATIONAL
    VISIBILITY
GROWTH PACKAGE
All teams that participate in the EIT DIGITAL VENTURE PROGRAM will gain Growth Package consisting of €5,000 cash prize, business development support by top-notch international mentoring teams during two-day bootcamp and six weeks pre-acceleration program at one of EIT Digital Venture Program partners. On top of that all teams will get access to the pan-European network of partners of EIT Digital and media coverage.
FINAL PRIZE
The best teams that will establish a legal entity, develop their minimum viable product and be selected from the EIT Digital Venture Program exert committee will get a Final Prize of €10,000.

Note: The program is equity based, all participants in the EIT Digital Venture program shall be obliged to transfer 5% of the equity of the new established legal entity that is result of the EIT Digital Venture Program.
PAN-EUROPEAN INNOVATION NETWORK
Get access to our network of 150+ renowned partners across Europe consisting of corporations, SMEs, startups, universities and research institutes.
INTERNATIONAL VISIBILITY
We will communicate your success and share your story through our powerful on- and offline channels and leading European media outlets, generating valuable international exposure for your business.

KEY CONDITIONS

We are looking for teams of entrepreneurship enthusiasts that have strong value propositions with an existing prototype or Proof of Concept (PoC) and who are eager to finalize a minimum viable product during an intensive 6 weeks pre-acceleration program, in the following Action Lines:

  • Digital
    Industry
  • Digital
    Infrastructure
  • Digital
    Wellbeing
  • Digital
    Finance
  • Digital
    Cities
Digital Industry covers the seamless process from production to retail and the related supporting functions such as logistics and consumer engagement.
In this category, we are looking for innovative solutions to improve efficiency in production and retail, to better address customer needs, and to help save natural resources in manufacturing and logistics. This includes solutions creating value from big data collection, aggregation, analysis and visualization services (and their enabling technologies) for decentralized production management covering the complete product life cycle: design, simulation, production, operation/consumption, maintenance, and consumer relationship frameworks.
Digital Infrastructure seeks to provide secure, robust, responsive and intelligent networking, computing and security solutions.
In this category, we are searching for core enabling products and services of the digital transformation. In networking, the focus is on improving the mobile broadband infrastructure, as well as network management tools based on software defined networks (SDN), and a multitude of IoT applications. In computing, we focus on Cloud Computing, Big Data, and Artificial Intelligence, especially technologies efficiently combining AI techniques such as machine learning and deep learning capabilities on top of the cloud & Big Data platforms. In security, we are looking for solutions on privacy, cyber security, and digital ID management.
Digital Wellbeing addresses the prevention of and coping with both physical and mental conditions in order to maintain a good quality of life.
In this category, we are looking for digital solutions that improve the wellbeing of a person during the working life. Ageing, working longer, and living longer do not imply that there are also more healthy work and living years. The result is a strong increase in occupational and individual healthcare costs. The focus are digital technologies that support prevention and early detection. Examples are products based on unobtrusive sensors and actuators and associated software services targeted at occupational and private health and fitness.
Digital Finance focuses on innovative digital tools and interfaces improving the quality of the services provided by financial service providers to private customers and corporate clients.
In this category, we are looking for disruptive solutions in three large segments where digital technologies will reshape the finance industry: (1) the future of retail banking (e.g. tools to improve customer relationships, mobile banking, cashless societies, micropayments and new payment services, …), (2) modernized corporate banking and insurance tech (e.g. simplification and automation tools for corporate clients, fluid/secure lending, P2P risk distribution, digitalization of equity capital markets and investment banking, cybersecurity, blockchain, …), and (3) digitalized Wealth/Asset Management (e.g. artificial intelligence and machine learning tools improving investment decisions, client authentication solutions, inclusive asset management tools for all citizen, …).
Digital Cities leverages the digital transformation of cities through disruptive information, mobility and safety services.
In this category, we are looking for innovations that address the concrete problems cities are facing today and the means to overcome these through centralized, participative and collaborative interactions between city actors: government, city service providers, industry, citizens. A multidisciplinary approach including service design, urbanism, and social sciences is used to provide an accurate understanding and address the concrete challenges of cities, in particular by developing sustainable business models.
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  • Multidisciplinary teams of at least 2 individuals with an innovative business idea, PoC or prototype in the fields of Digital Industry, Digital Infrastructure, Digital Wellbeing, Digital Finance and Digital Cities.

  • Not a legal entity.

  • Residents of any of the following 19 EIT RIS countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, The former Yugoslav Republic of Macedonia, Greece, Malta, Montenegro, Latvia, Lithuania, Poland, Portugal, Serbia, Slovakia, Slovenia and Romania, and

  • Note: Each team will be assigned to EIT Digital Venture Program partner depending on team members’ country of residence and the regional distribution of countries among all partners.


Scaleup Success Stories

Scaleup Success Stories

Testimonials

  • person "The EIT Digital Accelerator played an important role in growing our business and attracting future institutional and private investors." Jaakko Olkkonen
    CEO & Founder of Wellmo
  • person "EIT Digital is a European network of key players that is helping us find partners, clients and investors - and this is awesome for us!" Karen Prats
    Co-Founder & CEO, PopPlaces
  • person "EIT Digital has opened doors for Sorry As A Service to new markets, and also introduced us to top-tier investors." Martin McGloin and Sabine Sipunova
    Founder & CEO Sorry As A Service
  • person "With EIT Digital we have the chance of entering the markets of Northern Europe faster and save years with our expansion." Orlando Remédios
    CEO, Sensefinity
  • person "If you like to do business internationally, EIT Digital can open doors that otherwise would be closed for you." Vincent Philipsen
    Director Sales Onegini


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