Challenge // EIT Digital

EIT Digital Challenge

Now with an extra prize sponsored by the Open Edge and HPC Initiative!

OEHI

The applications are in and the date is set! On October 27th we will host our 20 selected scaleup finalists from all over Europe for a day of pitching, networking and a VIP investors dinner.

Read more about the Final Event

Scale up your deep tech business

Apply to the 9th edition of the EIT Digital Challenge, the leading pan-European competition for digital deep tech scaleups and become the next European success story!

The top 20 companies will be invited to an exclusive event to pitch in front of a panel of experts and investors as well as participate in the matchmaking sessions with invited corporates and investors.

The winners will receive waived entry into the 12-month Accelerator Program worth €50,000. They will get dedicated services in international Access to Finance and Business Development by the EIT Digital Accelerator team.

We’re looking for fast-growing European ‘deep tech’ companies with a differentiating product offering that leverages sophisticated, hard-to-reproduce digital technologies.

The EIT Digital Challenge aims to identify the best European deep tech entrepreneurs and help them scale up internationally, supporting the European deep tech ecosystem.

Since its launch in 2014, the competition has attracted thousands of applications from more than 33 European countries. Many of the winning scaleups have moved on to become internationally successful companies. Now it’s your turn to shine!

Submit your application by September 19, 2022.

You can now also compete for the special prize sponsored by the Open Edge and HPC Initiative (OEHI), an ecosystem of companies with the aim to foster the development of an open and feature-rich ecosystem for ARM and RISC-V-based technologies. 

Further details can be found here. Scaleups with deep tech in these areas are highly encouraged to apply.

Prize package

The best five companies will receive a full year of tailored international growth support by the EIT Digital Accelerator worth €50,000 to scale up their business.

  • Raise your next Series A or B round from international investors with the support of an experienced Access to Finance team;
  • Get coached on your market readiness and go-to-market strategy to support your international goal ambitions;
  • Leverage EIT Digital’s 350+ Pan-European network of top European corporations, investors, SMEs, universities and research institutions;
  • Gain international visibility through EIT Digital communication channels;
  • Get the opportunity to have a seat sponsored by the OEHI.

FUNDRAISING SUPPORT

Benefit from the Access to Finance and Business Development 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.

GROWTH SUPPORT

A full year of tailored international growth support by the EIT Digital Accelerator worth €50,000 to scale up their business.

PAN-EUROPEAN INNOVATION NETWORK

Get access to our network of 350+ 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 01/01/2012
**See the full list of countries here.
***€300,000 revenue in full year 2021, or until the 30th of June 2022

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.

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

June 30September 19September-OctoberOctoberOctober 27
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 5 companies will be selected and awarded the prizes.

 

Sponsor 2022

Winners 2021

Highlights of Previous Editions

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.

Let's keep in touch

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Co-Funded by the European Union