- The 25 most promising deep tech scaleups competed in the EIT Digital Challenge 2019 finals
- The 10 best companies receive prizes totalling € 750 000, including international growth support by the EIT Digital Accelerator that was just recognized as a World Top Public Business Accelerator
Brussels, November 7, 2019 - EIT Digital has awarded the 10 best European Deep Tech companies in the EIT Digital Challenge scaleup contest 2019. A record number of 279 scaleups from 33 countries applied, representing a 40% growth with respect to 2018 and the highest country variety in the 6-year history of Europe’s flagship deep tech competition in digital. The EIT Digital Challenge targets European digital technology scaleups focused on fast growth of their business in Europe and worldwide. The ten awarded companies will join the EIT Digital Accelerator that was just recognized as one of the five World Top Public Business Accelerators and the programme with the best pan-European reach, and as Top 4 European Accelerator brand in the Startup Heatmap Europe report. In addition, the first place in each category receives a €50,000 cash prize.
“This is not your usual competition where just the winners count,” states Chahab Nastar, Chief Innovation Officer at EIT Digital. “The 25 finalists have been carefully selected; they are all winners in the sense that they all have evidence of growth potential. The juries saw tremendous qualities in the 10 companies that came on top. We now welcome them into the EIT Digital Accelerator and will give them dedicated pan European support for customer acquisition and fundraising. We want them to become large dominant companies in their respective markets”.
10 flagship scaleups strengthening the digital future of Europe in 5 categories
The 25 finalists presented their innovative digital solutions to juries composed of tech specialists, investors, c-suite level executives of European technology corporations and EIT Digital experts. After thorough examination of the market and internationalization potential of each competitors’ business model, the judges selected 10 winners in five categories representing EIT Digital’s strategic focus areas: Digital Tech, Digital Cities, Digital Industry, Digital Wellbeing and Digital Finance.
The 10 Best European Deep Tech scaleups are:
- 1st place: Oculavis (DE) - Remote Service Platform with customizable service apps, AR and AI applications
- 2nd place: Wonderflow (NL) - Helps brands extract actionable insights from customer feedback
- 1st place: R3 (DE) - High-performance wireless technology for mission-critical industrial applications
- 2nd place: QuoScient (DE) - Fully automated cybersecurity platform to manage operative processes
- 1st place: Mecuris (DE) - Platform for customizable and 3D-printed prosthetics and orthotics
- 2nd place: SidekickHealth (IS)- Digital therapeutics platform to prevent and manage chronic diseases
- 1st place: CERBAIR (FR) - Drone detection and neutralisation via radio frequency
- 2nd place: LORIOT (CH) - Secure and scalable long-range infrastructure provider for IoT
- 1st place: Zelros (FR) - AI and Machine Learning technology, helping insurances increase sales efficiency
- 2nd place: Minna Technologies (SE) - Subscription management platform for retail banks
About EIT Digital
EIT Digital (www.eitdigital.eu) is a leading European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation. Its way of working embodies the future of innovation through a pan-European ecosystem of over 200 top European corporations, SMEs, startups, universities and research institutes, where students, researchers, engineers, business developers and entrepreneurs collaborate in an open innovation setting. This pan-European ecosystem is located in Amsterdam, Berlin, Braga, Budapest, Brussels, Eindhoven, Edinburgh, Helsinki, London, Madrid, Milano, Munich, Nice, Paris, Rennes, Stockholm, Trento, and San Francisco.
As a Knowledge and Innovation Community of the European Institute of Innovation and Technology, EIT Digital invests in strategic areas to accelerate the market uptake and scaling of research-based digital technologies (deep tech) focusing on Europe’s strategic, societal challenges: Digital Tech, Digital Cities, Digital Industry, Digital Wellbeing, and Digital Finance. EIT Digital breeds T-shaped entrepreneurial digital talent focused on innovation through a blended Education Strategy that includes a Master School, an Industrial Doctoral School and a Professional School.
The EIT Digital Accelerator provides tailor-made growth support for European tech scaleups by helping secure international customers and raise capital. Since 2012, the EIT Digital Accelerator has supported 300+ startups who raised over €800 million in investment, with more than €110 million directly facilitated by the Accelerator.
The next wave of digital innovations will be “deep tech”. These are disruptive solutions built around unique, protected or hard-to-reproduce technological or scientific advances. Deep tech companies have a strong research base. They create value by developing new solutions, not only by disrupting business models.
Deep tech will positively impact all aspects of our economy – industry, transportation, logistics, health, communications, finance, education. Alongside these opportunities, deep tech poses societal challenges, such as job security, data privacy, net neutrality and more recently, the debate around the ethics of artificial intelligence.