EIT Digital Venture Program // EIT Digital

EIT Digital Venture Program

EIT Digital Venture Program

"Dare the unexpected"

Talent is equally spread across the world but opportunities are not. Entrepreneurs have a natural urge to go against the norm and find their own path. We at EIT Digital believe in innovators who set out to break down barriers and change an industry, no matter where they come from. Through our Venture Program we invest in individuals who may come from less expected locations but have the energy to become future global entrepreneurs. As we know that entrepreneurial talent is everywhere, we bring opportunity to where talent is. Join us on this journey and help us to champion the unexpected!

The EIT Digital Venture Program supports entrepreneurial teams from 19 countries with deep tech business ideas to finalise their MVP and start their venture. With financial support of up to €15,000 and a six-week Pre-Acceleration Phase executed by four regional partners in Greece, Latvia, Portugal and Slovenia, we’re helping to launch new digital tech businesses. 

logo

International growth support for European entrepreneurs

  • Get financial support of up to € 15,000

  • Develop your Minimum Viable Product

  • Establish your deep tech venture

  • Get business development help from top international experts

  • Join Europe's leading innovation ecoystem


Our partners

Partners
  • ABC Accelerator in Region 1: Bosnia and Herzegovina, Croatia, North Macedonia, Montenegro, Serbia, Slovenia 
  • Foun.ation in Region 2: Albania, Bulgaria, Cyprus, Greece, Romania 
  • Startup Wise Guys in Region 3: Czech Republic, Estonia, Latvia, Lithuania, Poland, Slovakia
  • BGI in Region 4: Malta, Portugal 

BENEFITS

The EIT Digital Venture Program helps entrepreneurs with deep tech business concepts to:

  • Develop and finalise their Minimum Viable Product (MVP)
  • Establish their startup company

The EIT Digital Venture Program offers everything you need to start up your deep tech business:

  • GROWTH
    PACKAGE
  • FINAL
    PRIZE
  • PAN-EUROPEAN INNOVATION NETWORK
  • INTERNATIONAL
    VISIBILITY
GROWTH PACKAGE
Winners of the first stage of the EIT Digital Venture Program will receive a Growth Package consisting of a €5,000 cash prize, training in entrepreneurial skills and support to develop and finalise their MVP from top-notch experts during:
- a two-day Bootcamp
- a six-week Pre-Acceleration Phase
FINAL PRIZE
Winners of the Growth Package that successfully finalise their MVP and incorporate their venture will be eligible to apply for a €10,000 Final Prize.
PAN-EUROPEAN INNOVATION NETWORK
Participants get access to our network of 180+ renowned partners across Europe, including corporations, SMEs, startups, universities and research institutes.
INTERNATIONAL VISIBILITY
We will share your story and communicate your success through our powerful on- and offline channels and leading European media outlets, generating valuable international exposure for your business.

Who should apply?

We are looking for enthusiastic, entrepreneurial teams with strong value propositions and an existing prototype or Proof of Concept  (PoC). You should be eager to finalise an MVP during an intensive six-week Pre-Acceleration Phase and be operating in one of the following focus areas:

  • Digital
    Industry
  • Digital
    Tech
  • Digital
    Wellbeing
  • Digital
    Finance
  • Digital
    Cities
Digital Industry
Digital Industry covers the seamless processing of a product or service from production to retail and the related supporting functions such as logistics and consumer engagement.

In this category, we are looking for innovative solutions to improve efficiency in production and retail, better address customer needs and help save natural resources in manufacturing and logistics. This includes solutions for decentralised production management that create value from big data collection, aggregation, analysis or visualisation (and their enabling technologies). It also includes concepts that cover the complete product life cycle: design, simulation, production, operation/consumption, maintenance and consumer relationship frameworks.
Digital Tech
Digital Tech seeks to provide secure, robust, responsive and intelligent networking, computing and security solutions.

In this category, we are searching for core enabling products and services for digital transformation. In networking, the focus is on improving mobile broadband infrastructure, network management tools based on software defined networks (SDN) and a multitude of IoT applications. In computing, we are interested in cloud computing, big data and artificial intelligence - especially technologies that efficiently combine AI techniques such as machine learning and deep learning capabilities with cloud and big data platforms. In security, we are looking for solutions relating to privacy, cyber security and digital ID management.
Digital Wellbeing
Digital Wellbeing addresses the prevention of and adaption to physical and mental health conditions in order to maintain a good quality of life.

In this category, we are looking for digital solutions that improve people's wellbeing during their working lives. Working and living longer do not necessarily mean people are healthy throughout their lives. There is a strong associated increase in occupational and individual healthcare costs. Our focus is on digital technologies that support prevention and early detection of illness. Examples include products based on unobtrusive sensors or actuators and associated software services targeted at improving occupational and personal health and fitness.
Digital Finance
Digital Finance focuses on innovative digital tools and interfaces that improve the quality of services provided by financial service providers to private customers and corporate clients.

In this category, we are looking for disruptive solutions in three large segments where digital technologies will reshape the finance industry: (1) retail banking (e.g. tools to improve customer relationships, mobile banking, cashless societies, micropayments, new payment services, etc.); (2) corporate banking and insurance tech (e.g. simplification and automation tools for corporate clients, fluid/secure lending, P2P risk distribution, digitalisation of equity capital markets and investment banking, cybersecurity, blockchain, etc.); (3) digitalised wealth/asset management (e.g. artificial intelligence and machine learning tools to improve investment decisions, client authentication solutions, inclusive asset management tools for all citizens, etc.).
Digital Cities
Innovations in the Digital Cities category will leverage disruptive information, mobility and safety services to digitally transform cities.

In this category, we are looking for innovations that address the concrete problems cities are facing today through centralised, participative and collaborative interactions between government, city service providers, industry and citizens. A multidisciplinary approach including service design, urbanism, and social sciences should be used to provide an accurate understanding and develop sustainable business models.


Requirements

  • Multidisciplinary teams of at least two individuals with an innovative business idea, PoC or prototype in the fields of Digital Industry, Digital Tech, Digital Wellbeing, Digital Finance or Digital Cities.

  • Non legal entities only.

  • Residents of any of the following 19 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, North Macedonia, Greece, Malta, Montenegro, Latvia, Lithuania, Poland, Portugal, Serbia, Slovakia, Slovenia, Romania.

  • Note: each team will be assigned an EIT Digital Venture Program partner depending on its members’ country of residence and the regional distribution of countries among all partners.


Winners 2018

Winners 2018

Testimonials

  • person "Every session the startup gets is tailor-made. The benefits are huge, and the programme can help startups find the right path for growth." Andrej Evtimov
    KIIMO
  • person "It is the only programme we found that actually understands early-stage startups. We needed money before our incorporation, specific mentorship for our startup and the investment afterwards. ARISE has it all!" Miloš Jokić
    Gradoid
  • person "Being a part of the EIT Digital portfolio gave us the opportunity to meet partners from Europe during conferences and gain the ability to receive funding from other European programmes." Embiots

© 2010-2019 EIT Digital IVZW. All rights reserved. Legal notice. Privacy Policy.