EIT Digital Challenge, certainly one of Europe’s best deep tech innovation competitions, is back with its tenth edition. When you are a deep tech scaleup, apply here for a likelihood to win free admission into the EIT Digital Accelerator.
The EIT Digital Accelerator provides tailor-made support for high-growth European deep tech scaleups by helping them raise capital and secure international customers — because of a pan-European, distributed team of business developers and fundraising experts. Since 2012, the EIT Digital Accelerator has supported startups and scaleups from 20 countries which have raised over 900+ million Euros in investment.
Explore the Advantages of the Challenge
Since its launch in 2014, the EIT Digital Challenge has attracted greater than 1.800 entries. Many of the winning scaleups have gone on to develop into internationally successful corporations. And you possibly can be next! Try the attractive advantages of the EIT Digital Challenge:
- As much as 10 winning corporations will receive a full yr of tailored international growth support value €50,000 by the EIT Digital Accelerator to scale up their business.
- Raise your next Series A or B round from international investors with the support of an experienced Access to Finance team.
- Get coached in your market readiness and go-to-market strategy to support your international ambitions.
- Leverage EIT Digital’s 300+ Pan-European network of top European corporations, investors, SMEs, universities, and research institutions.
- Gain international visibility through EIT Digital communication channels.
- Challenge Finalists might be invited to a Pitch Competition in June which coincides with the EIT Grow Digital conference.
- Network with dozens of deep tech startups, scaleups, VCs, and Corporates.
Discover What’s latest in 2023 with Fabrizio Della Pace, EIT Digital’s Challenges Lead
We spoke to Fabrizio Della Pace, EIT Digital’s Challenges Result in learn more concerning the Challenge.
How is that this yr’s challenge different from previous editions? Anything latest or exciting for the participants?
There are two big changes to this yr’s version of the Challenge. To start with, now we have increased the variety of winners from five last yr to 10 this yr. This offers us more flexibility to reward quality scaleups in what we expect to be a crowded field of highly qualified competitors.
The second notable difference is that the Final Event pitch competition might be held along with the EIT Grow Digital annual conference. Which means that when finalists come to Brussels to pitch they might be a part of an excellent greater event, with more exposure, more publicity, and more probabilities to make essential connections.
How will EIT’s pan-European network help the winning scaleups? Also, what are the highlights of the international growth support value €50,000?
Before everything, the winning scaleups might be invited to hitch the EIT Digital Accelerator without having to pay the €50,000 admission fee. This gets them access to an entire yr of fundraising and market expansion support. Particularly, our fundraising specialists will work hand in hand with the scaleup founders to organize for calls with investors.
VCs are going to ask a ton of tough questions, so we’re there to be certain that you recognize what to anticipate. Once the scaleups are ready, our team will reach out to their network of 1000+ investors across Europe. They are going to facilitate introductions and arrange investor calls, helping our scaleups land the proper strategic investors.
What can the Challenge finalists expect from the Pitch Competition scheduled in June?
The Challenge Final Event is all the time a extremely exciting day. The scaleup finalists might be invited to Brussels, with travel expenses covered by EIT Digital. Along with the typically intense pitch competition, there are many probabilities to network with the VCs and Corporates in attendance.
Likewise, there might be a VIP dinner afterward, open just for finalists and investors. That is one more likelihood to pitch your small business and solicit investor feedback but in a more laid-back setting.
Finally, because the event is going on concurrently with the Grow Digital conference. We’ll announce the winners on the foremost stage at the tip of the day. So, that may be a huge opportunity for some well-deserved publicity.
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