23 new startups graduated from the 2021 edition of the EIT Digital Venture Program

Teams from Central and Eastern Europe, the Baltics and Southern Europe, received pre-acceleration and €15,000 each, from EIT Digital.

The EIT Digital Venture Program 2021 offers an eight-week pre-acceleration program executed by five regional partners: Found.ation in Greece, Startup Wise Guys in Latvia, KTP in Poland, JIC in Czech Republic and Slovakia, BGI in Portugal and University of Ljubljana (SEB) in Slovenia.

Entrepreneurs with deep tech business ideas learn how to develop and finalise their Minimum Viable Product (MVP), establish their startup company, and raise funds with investors.

They validate their business solution at the final “Pitch Days”, where they showcase their solutions in front of early-stage investors, potential clients, and experts from the tech community.

At the 2021 pitch days, out of 27 startups created during the program, 23 were selected to receive a cash prize of €10,000 each. An initial €5,000 tranche of support had already been awarded in May 2021, bringing EIT Digital support to €15,000 each.

The next step is for the ventures to attract investment from private investors: the first ten ventures that will get a commitment of at least €50,000 before November 21, 2021, will be entitled to an additional prize of €10,000 from EIT Digital.

In the last 4 years, the EIT Digital Venture Program has invested in the creation of 93 deep tech startups, supporting more than 200 entrepreneurs in their early stage of  development. Many of these teams have attracted investors during or shortly after the pre-acceleration program.

Revolab, a winner of the 2020 edition of the Venture Program, went in a record time of one year, from inception to closing a pre-seed round with Kilo Health, signing six-digit pre-order deals, and now expanding to the US. Other startups from previous EIT Digital Venture Program editions that have raised follow-on investments from private investors include Restpay, Worig, Kiimo, RosterRuupi and Sensomatt.

EIT Digital will continue to step up its efforts to discover and support talented entrepreneurial teams to quickly develop digital deep-tech innovations.

For exciting investment opportunities, check out this year’s graduates:

Deepconomy

Silent inbox

SciDrones

Renthis2me

WowMind

Plantee

MakeItFast

Everyrun

ALTERMail

FiftyAI

FARE

B Focus

Adorney

EasyBreathie

BBOTIX

Senior Support

Neutralize-C

Papyri

Horsano

Enforge

Capillos

PETCAREBOOK

Luftio

Sign up for updates

Receive the latest news and events updates by subscribing to our newsletter.

Sign up for our Newsletter

Continue reading

Scroll up