EIT Digital showcases European deep tech innovations and global growth strategies at Web Summit 2023

EIT Digital is pleased to announce its participation at the 2023 Web Summit in Lisbon from November 13-16. In collaboration with the European Innovation Council (EIC), EIT Digital will highlight Europe's leadership in deep tech leadership in deep tech in the "Building deep tech unicorns" dedicated content session that will take place on Wednesday, November 15th at 3 pm, at the EIC-EIB Web Summit’s booth (E223, Pavillion 2).

"Europe is home to some of the most innovative startups finding solutions to worldwide challenges," said EIT Digital CEO Federico Menna. "At Web Summit, we look forward to showcasing these pioneers and equipping them with strategies to expand globally."

EIT Digital and EIC have expanded their successful partnership started in 2022 through the EIC-EIT Digital Venture Acceleration Programme. This programme provides EIC Accelerator companies and Seal of Excellence recipients access to EIT Digital's intensive 12-month Growth Services Programme. Offering training, guidance, connections, and fundraising support, this world-class programme helps scale deep tech companies.

The programme has already shown results, with participants raising major funding rounds. Climate tech startup Mitiga secured €13.5 million in Series A financing in June 2022 after EIT Digital assisted with targeting climate-focused investors. Smart waste management company Sensoneo also raised €6.2 million Series A after EIT Digital's pitch and investor connection support.

The collaboration is set to evolve significantly this year. Under the umbrella of the EIC Ecosystem Partnerships and Co-Investment Support programme, beneficiaries of EIC programmes will now have extended access to EIT Digital’s latest service offerings.

These include 'Access to Talent,' focused on talent acquisition and development; 'Access to Finance', offering comprehensive fundraising support; 'US Landing Program,' aimed at facilitating entry into the competitive U.S. market; and 'Speed Master,' an advanced coaching service, alongside other EIT Digital core ecosystem services.

"We are proud to expand our work with EIC to bolster Europe's most innovative deep tech companies," said Menna. "Together, we can provide startups the comprehensive support they need to scale up globally."

In addition to the partnership, the EIT Digital team will promote the EIT AI Community. Furthermore, Menna will also take part in a panel on strategies for globalized growth.

Discussing in the "Globalise your Growth" panel with other high-profile panelists such as Hanna Marie Asmussen Co-Founder & CEO of Localyze; Pedro Ribeira Santos, partner of Armilar Venture Partners and Sifted’s senior CEE correspondent Zosia Wanat, he will share proven tactics for startups to expand worldwide, delving into essential topics that concern growing startups, such as best practices for international marketing, tactics for establishing operations abroad, cultural adaptability skills, and strategies for building efficient cross-border teams.

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Co-Funded by the European Union