EIT Digital is a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT). Co-funded by the European Union (EU), EIT Digital builds the following generation of digital ventures, products, and services. In lower than a yr, the EIT Digital Enterprise Program takes you from idea to investment. Starting with a superb idea to a technical Minimum Viable Product (MVP), testing it available on the market, and raising additional funding — with each accomplishment you unlock further advantages. Proceed reading to explore what the sixth edition, EIT Digital Venture Program 2023, has in store for you and why it’s best to apply straight away. Applications close on sixteenth April!
Learn all Concerning the Program Directly from EIT Digital Enterprise Program’s Lead, Mirko Tadic
We spoke to Mirko Tadic, EIT Digital Enterprise Program’s Lead, to give you all the knowledge you want to apply for this system.
What differentiates this yr’s program from its previous editions? Anything latest?
Yes! This system keeps growing! In our 2023 edition, we’ve opened our program to three latest regions. Teams based in Italy, Spain, and Hungary are actually welcome to use. With the addition of those three major markets, the EIT Digital Enterprise Program is now accepting applications from residents of twenty-two European countries (see list below).
What’s in store for the winners of this system?
Chosen teams might be offered an intensive eight-week pre-acceleration program; they might be coached, specifically, on how one can develop their MVP, establish their startup company, and lift funds with investors.
At the ultimate Pitch Days, teams will get the prospect to validate their business solution by presenting it in front of early-stage investors, potential clients, and experts from the tech community.
All teams will receive an initial €5,000 tranche of support, to which €10,000 might be added for many who complete this system and incorporate their startup. Finally, the primary ten ventures to lift at the very least €50,000 in funding from private investors by the tip of November might be entitled to an extra prize of €10,000, bringing EIT Digital Venturd’s total support to €25,000.
Does EIT Digital Enterprise work with regional partners? If yes, could you mention just a few?
Yes, we do! In Italy, Spain, and Hungary, the Enterprise Program might be executed with the support of Universidad Politécnica de Madrid (Spain), Dock3 (Italy) and Lunar (Hungary), which join a pre-existing group of seven regional partners: Found.ation in Greece, Techcelerator in Romania, KTP in Poland, JIC in Czech Republic and Slovakia, BGI in Portugal, University of Ljubljana (SEB) in Slovenia and LIC in Lithuania.
Who’s eligible to use for this system?
To use for the EIT Digital Venture Program 2023, it’s essential to be:
- A multidisciplinary team of at the very least two individuals with an revolutionary business idea, PoC, or prototype within the fields of Digital Industry, Digital Tech, Digital Wellbeing, Digital Finance, or Digital Cities.
- A non-legal entity.
- Resident of any of the next 22 countries — Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Italy, Latvia, Lithuania, Malta, Montenegro, North Macedonia, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Turkey, Ukraine.
Dive into EIT Digital Enterprise Program’s Successful Track Record
Since its launch 6 years ago, EIT Digital Enterprise has supported greater than 200 entrepreneurs and launched 124 startups — several of which have quickly raised investment and signed outstanding clients.
At the tip of September 2022, 31 teams from Central and Eastern Europe, the Baltics, and Southern Europe accomplished the pre-acceleration stage of the EIT Digital Enterprise Program. After developing their Minimum Viable Product and incorporating their startup, the teams began engaging with private investors. Lower than 3 months later, 10 of them have raised near €870,000 in private funding.
Among the winning teams are:
Furthermore, that is what a few of the previous winners needed to say about EIT Digital Enterprise Program:
“EIT Digital gave a likelihood to narrow down the business strategy and deal with product constructing.”
— Nikita Stepanovs, founder, Suhona AI
“The support of the EIT Digital Enterprise Program of 2022 led us to establishing our legal entity and transferred significant cross-domain experience towards the successful realization of our vision.”
— Christos PANAGIOTOU, Founder & CTO, Terra Plus
Submit Your Application in a Few Easy Steps
You fulfill the eligibility criteria and are excited concerning the program? Great! Follow these easy steps and apply by sixteenth April!
- Rigorously undergo the rules and regulations for application.
- Visit the application page.
- Select your country of residence.
- Describe your team.
- Explain the business model, the technology underlying your product/solution, and your revolutionary idea.
- Upload your pitch deck.
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