Innovation Factory

Innovation Factory

EIT Digital supports entrepreneurial teams from research and business organisations in launching new startups and new products in agile 12-month projects called innovation activities. These activities are embedded in EIT Digital’s European ecosystem and receive a financial co-investment to package their technology, sign up customers and attract investors.


Our focus areas and domains

Networking Data/AI Cybersecurity & Privacy
Logistics Production Retail
Healthy Youth Occupational Health Independent Living
Mobility City Analytics Safety
Retail Banking & Insurance Asset Management Corporate Financial Services

Our strategy

PRE-INCUBATION

From deep tech to venture or mvp (minimum viable product)
The first focus of EIT Digital’s innovation & entrepreneurship strategy is to drive the market uptake of top European research results (“deep tech”). The objective is both to “create digital disruption” (through venture creation) and to “support digital transformation” (through the launch of a Minimum Viable Product – or MVP).

Pre-incubation is embodied in an innovation activity that is entrepreneurial and agile. The activity can create a startup that is the vehicle driving digital disruption into the market. It can also create an MVP brought to market by an established industry player, thus driving the digital transformation of their industry.

Read more about Pre-Incubation in our SIA

SCALEUP ACCELERATION

From venture to dominant industry player
The second focus of EIT Digital’s innovation & entrepreneurship strategy is to build a new generation of dominant European industry players. To this end, EIT Digital provides growth support to fastgrowing European deep tech startups (also known as scaleups). This addresses a European weakness: Europe creates a fair number of startups, but most of them stay small.

Europe needs to put more emphasis on scaleup support across the continent and beyond, in order to build the likes of Google, Amazon, Facebook and Apple. In addition, deep tech scaleups are the ones that the European future depends upon.

Go to our Accelerator

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