On 12 November, the 20 most promising deep tech scaleups competed in the final of the EIT Digital Challenge 2020, where they presented their innovative digital solutions to the jury of industry experts and investors.
In 2020, a record number of 403 scaleups from 32 countries applied for the competition.
Almost 40% of applicants, 55% of the 20 finalists, and 3 out of 5 winners (that is 60%) feature women as founders or C-level executives.
With average revenues of €1.4M, average funding of €7.6M, and average staff of more than 40, the 2020 laureates are the most mature prize winners in the 7-year history of the Challenge.
The 5 awarded companies will join the EIT Digital Accelerator that was recognized in 2019 as one of the five World Top Public Business Accelerators and the programme with the best pan-European reach, and as Top 4 European Accelerator brand in the Startup Heatmap Europe report. In addition to that, first prize winner receives a cash prize of €100,000.
We would like to thank all the applicants, finalists, jury members, and our media and ecosystem partners!
Stay tuned for the EIT Digital Challenge 2021!
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The best 5 companies receive a full year of tailored international growth support by the EIT Digital Accelerator worth €50,000 to scale up their business. On top of that, the first place winner receives a cash prize of €100,000.
*Company incorporated after 01/01/2010
**See the full list of countries here.
***€300,000 revenue in full year 2019, or until the date of application in 2020
Startups in growth stage (scaleups) can apply in five thematic areas: Digital Tech, Digital Industry, Digital Cities, Digital Wellbeing, and Digital Finance. Learn more about them here.
All submissions will be evaluated by internal and external experts. We will examine the market and internationalization potential of your product or service as well as the quality of your core team. We will also consider the fit of your product or service to our thematic areas and the impact our support could have on your business.
In addition, you must be prepared to pitch in public. Pitch and application must be done in English. Make sure to read our contest conditions and check the FAQ page. If you have any further questions don't hesitate to contact us at firstname.lastname@example.org.
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