EIT Digital Challenge

Scale up your deep tech business

The EIT Digital Challenge 2021 has established a new record: 409 scaleups from 33 countries applied to the 8th edition of Europe's flagship deep tech competition in digital. The highest number of submissions came from Germany, United Kingdom, Italy, Spain and France.

The twenty best companies will be invited to an exclusive event to pitch in front of a jury of high-profile corporates and investors. Among the 20 finalists, the jury will select 3 winners who will receive international growth support from the EIT Digital Accelerator for an entire year, worth €50,000. Additionally, the first place winner will receive a cash prize of €100,000. The 3 winners of the EIT Digital Challenge will be announced in September 2021.

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Prize package

The best 3 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.

CASH PRIZE

€100,000

The 1st place winner receives €100,000 cash prize.

MARKET ACCESS &

FUNDRAISING SUPPORT

Benefit from the Access to Market and Access to Finance support provided by a dedicated team of experienced business developers and financing specialists operating from 17 major European cities and a hub in Silicon Valley. They will support you in growing your business internationally and raising international capital.

PAN-EUROPEAN

INNOVATION NETWORK

Get access to our network of 200+ 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.

Criteria

Fast-growing technology company with international ambitions

Company max. ten years old*

Company incorporated in EU27 or Horizon Europe Associated Countries**

Growth stage: min. €300,000 in revenue*** or €2,000,000 in funding

*Company incorporated after 01/01/2011
**See the full list of countries here.
***€300,000 revenue in full year 2020, or until the date of application in 2021

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 challenge@eitdigital.eu.

Timeline

March 30May 10June-JulyJulySeptember
Applications openSubmission deadlineCalls with shortlisted applicants1Announcement of finalists2Final event3

1 All shortlisted applicants will be invited to individual calls to allow EIT Digital evaluators to clearly understand companies’ needs and growth potential. Based on these calls, the finalists will be selected.
2 We will announce the finalists of the EIT Digital Challenge and invite them to the final event.
3 The final event gives the finalists the opportunity to present their companies in front of high-level investors, corporate executives, journalists and representatives from EIT Digital. The best 3 companies will be selected and awarded the international growth prizes.

 

Highlights of the final 2020

The exclusive final event of EIT Digital Challenge brings together the most prominent European tech scaleups, innovation stakeholders, investors, and industry representatives - a unique opportunity for networking and business development. The EIT Digital Challenge Final 2021 will take place in September. If you would like to join, please register your interest here.

Let's keep in touch

Have ideas for cooperation? Contact us at challenge@eitdigital.eu.

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