Questions & Answers


Venture support

Can you provide more information on the project plan that needs to be developed?

  • Main focus should be about adapting and accelerating within the post crisis economic reality.
  • We need to understand the purpose of the plan corresponding to your financial request. Examples: business continuity, pivoting, customer focus, new product development, raising a round of financing next year. Be as brief, as structured and as specific as possible.  
  • The plan needs to rely on clear milestones (T0, T0+2months, T0+4months, T0+6months), deliverables and outputs. Auditable cost reports need to be submitted every two month​s.

What are EIT Digital's expectations in terms of financial sustainability contribution?

  • Supported ventures are required to contribute to the EIT Digital financial sustainability.
  • In consideration for the support, ventures will provide equity to EIT Digital, in the form of:
  • The amount of equity for EIT Digital needs to be substantiated (e.g. last round valuation, revenues, term sheets received etc.) in the online request form.
  • EIT Digital will be a minority shareholder, EIT Digital will be a passive shareholder and EIT Digital shares would be diluted in case of capital increase.
  • The request for support should be accompanied by a signed Letter of Intent.

Where can I get further help?

You can contact venture_support@eitdigital.eu.


Innovation activities

I am not an EIT Digital Partner, can I be involved?

Yes, please connect to the EIT Digital Node responsible for your country

Can individuals and team of individuals be involved?

As you can read from the EIT Digital 2020 document, EIT Digital through its Innovation Activities supports (partner) organizations. As a result, if you are an individual or an independent team of individuals, please connect to the EIT Digital Node responsible for your country to discuss your inclusion in an Activity led by a (partner) organisation. 

Can organisations from any country request support?

Support can be provided to organizations from EU countries (including UK) and Horizon 2020 Associated countries.

What are EIT Digital's expectations in terms of financial sustainability contribution?

  • Innovation activities are expected to contribute to the EIT Digital financial sustainability. Please refer to Section 2.2 of the EIT Digital 2020 document.
  • The preferred mechanism is the creation of a startup from the activity of which EIT Digital will be a minority shareholder.

Can you provide an example calculation for the co-funding requirement?

For an Innovation Activity with totals costs of EUR 500k and 35% co-funding requirement, the co-funding should be at least EUR 175k. The support would then maximally be EUR 325k. 

Where can I get further help?

Please contact the EIT Digital Node responsible for your country. In case you need help in identifying the relevant Node contact, please refer to innovation_support@eitdigital.eu.


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