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 well come from locations other than usual 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 20 countries with deep tech business ideas to finalise their MVP and start their venture. The program offers an eight-week Pre-Acceleration executed by five regional partners in Greece, Latvia, Poland, Portugal and Slovenia. Also, teams receive financial support of up to €25,000 in 3 stages from MVP to incorporation up to finding a first investor. 

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International growth support for European entrepreneurs

  • Get financial support of up to € 25,000

  • Develop your Minimum Viable Product

  • Establish your deep tech venture

  • Get business development help from top international experts

  • Join Europe's leading innovation ecosystem


Our 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: Estonia, Latvia, Lithuania, Ukraine
  • BGI in Region 4: Malta, Portugal
  • Kraków Technology Park in Region 5: Czech Republic, Poland, Slovakia 

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
  • Find a first investor

Update due to COVID-19
The EIT Digital Venture Program has always been a mainly virtual program connecting founders from a broad geography in online sessions. Due to the current situation we are prepared to run also the bootcamps and final pitch days completely online.

How it works

The Venture Program takes you from idea to investment within less than a year. The ambitious trajectory takes entrepreneurs with a brilliant idea to build a technical MVP, test it on the market and raise additional funding. With each accomplishment you unlock further benefits.

Start off with the GROWTH PACKAGE

Start off with the GROWTH PACKAGE
  • A two-day Bootcamp (possibly online only)
  • A 8-week virtual Pre-Acceleration Phase
    • training in entrepreneurial skills
    • support to develop and finalise your MVP from entrepreneurial experts
  • € 5,000 cash prize

Succeed with your MVP

Succeed with your MVPTeams who successfully complete the program, incorporate on time and present a strong MVP, qualify for the first tranche of the Final Prize of 10,000 €

Find a follow-up investor

Find a follow-up investorThe first 10 ventures across all regions that have received the first tranche of the Final Prize and that have found an investor by the 30th of November 2020 will receive an additional 10,000 €.

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 20 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, North Macedonia, Greece, Malta, Montenegro, Latvia, Lithuania, Poland, Portugal, Serbia, Slovakia, Slovenia, Romania, Ukraine.


Winners 2019


Testimonials

  • Karolina Czaplicka"We are extremely grateful to the EIT Digital Venture Program for taking a chance on us in such an early stage of our startup journey. They provided us with essential knowledge on how to start and grow our business and gave us a financial support without which we would not be able to build our MVP and validate our idea." - co-founder Karolina Czaplicka, Subjective Guide
  • Igor Anicic"The EIT Digital Venture Program helped us building a solid foundation to grow and scale. Its main focus was on business and how to prepare an MVP. During the program, we had different courses from pitching sessions and customer interviews to ‘how to talk to potential investors’ training. It made our service clearer and helped us to identify the other sectors to cover." - Igor Anicic, founder of Hotspoter
  • Diana Mota"During the EIT Digital Venture Program, we were able to develop our MVP and to gain access to experts in the entrepreneurship world, who provided us with important tools to scale our project. It was essential to leverage our idea and to transform it into a real thing." - Diana Mota, CMO and co-founder of PARQIST
  • George Foroglou"During the Venture Program, our service became more complex and clearer at the same time. Our mentor was a senior software engineer and he and other experts helped us develop the perfect software base for our solution. Besides the mentoring and financial support, EIT Digital helped us with the incorporation process, with their experience in investments in the EU. The Venture Program gave us the opportunity and support to think bigger." - George Foroglou, Project Manager at EMBIOTS
  • Jurij Triller"Good ideas need development help in the beginning. EIT Digital's Venture Program offered a funding and development program, providing the basics of running a company and new connections essential for improvement." - Jurij Triller, founder of Smart Octopus Solutions
  • Marco Marques"We faced so many hurdles and obstacles when we started our project. So we took the chance and enrolled in the Venture Program. The first steps were much easier with the support of EIT Digital and we gained dozens of new contacts during the program." - Marco Marques, CEO of Indoor 4.0
  • 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

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