The EIT Digital Challenge 2020 has established a new record: 403 scaleups from 32 countries applied to the 7th edition of Europe's flagship deep tech competition in digital, a 44% growth with respect to 2019. The most active countries were the United Kingdom, Germany, France, Italy, Switzerland and Spain.
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 5 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 5 winners of the EIT Digital Challenge will be announced early November 2020.
The best 5 companies will 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 will receive 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.
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 20 finalists of the EIT Digital Challenge 2020 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 international growth prizes.
Please note that the dates are indicative and are subject to change.
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