- 25 deep tech scaleups selected to drive Europe's digital transformation for the benefit of the European citizens and economy.
- Scaleups from 9 EU countries will compete in the EIT Digital Challenge 2017 for a €100,000 prize package.
- Winners will be awarded at final pitch events in Eindhoven, Berlin, Budapest, Madrid and Trento at the end of the year.
A smart device that manages your parking fees, wearables that improve the independence of older and disabled people, a tool that prevents you from accidently sending sensitive emails to the wrong people - these are just three out of 25 digital technologies that will compete in the EIT Digital Challenge finals. The contest aims to detect the best deep digital technology (or deep tech) scaleups that promise to improve the life of Europe's citizens and strengthen the economy. Deep tech innovations are complex and disruptive solutions that are built around unique and differentiated scientific or technological advances. They fuel the digital transformation and in many cases address the main societal and and environmental challenges of today and tomorrow.
The EIT Digital Challenge will select the best scaleups in five categories and award each of them with a €100,000 prize package to accelerate their international growth. The prize includes a full year of dedicated support from the EIT Digital Accelerator and a cash prize of €50,000.
The 25 scaleups come from nine different European countries, with almost half of them having a female founder or co-founder. "We have selected the finalists very carefully with respect to technology sophistication, compelling business model and fast growth," says Dominik Krabbe, EIT Digital Challenge Lead. "We are impressed by the technologies and the teams. With a revenue of €1.7 million in 2017, €3 million raised, and 24 team members on average, they are not early stage startups anymore but serious businesses that are fast growing. Now we will identify the ones with the highest potential to become the next European success story, and help them scale up globally." The five winning companinies will join the EIT Digital Accelerator for a full year in order to grow their businesses in Europe and beyond.
A total of 136 tech companies from 20 EU countries had applied. The selected finalists will pitch their deep tech products in five categories at the following five final events:
- November 28, 2017 - Digital Cities - Trento (more information)
- November 29, 2017 - Digital Industry - Eindhoven ( more information)
- November 30, 2017 - Digital Wellbeing - Madrid (more information)
- December 4, 2017 - Digital Finance - Budapest (more information)
- December 11, 2017 - Digital Infrastructure - Berlin (more information)