6 reasons why apply for the EIT Digital Challenge

Thursday, June 6, 2019
Fast-growing startups with existing customers, you have the opportunity to receive prizes totaling €750,000 in cash and in kind and many additional benefits. Apply for the EIT Digital Challenge - Europe’s biggest deep tech award till 14th June 2019!
The annual competition addresses European digital deep tech companies. Scaleups with existing customers are invited to apply in one of the following five categories:
  • Digital Tech,
  • Digital Cities,
  • Digital Industry,
  • Digital Wellbeing and
  • Digital Finance.
Aside of the cash prize, here are 6 reasons why your startup should apply for the EIT Digital Challenge.
  • Access to new customers (EIT Digital actively helps its startups by making introductions to valuable contacts.)
  • Access to new markets (EIT Digital has access to a Europe-wide network of experts and can help your startup with insights regarding the differences of each national market.)
  • Access to finance (Aside of the cash prize, participants also benefit from an easier access to VC firms and are actively supported by funding experts of EIT Digital.)
  • Insights by an international business development team (The Accelerator team consists of about 40 dedicated international business developers and technology financing specialists operating from 14 major cities across 10 EU countries and a hub in San Francisco. As participant of the EIT Digital Accelerator you can benefit from their know-how.)
  • International visibility (The EIT Digital Challenge is Europe’s biggest deep tech award and gives your startup international visibility and recognition.)
  • Fast and easy application process (The first step is just to fill out an online form. And there are no costs involved regarding the application process.)

Who can apply?

  • Companies that apply must be based in one of the member states of the European Union (or in a country associated with Horizon 2020).
  • Companies have to be in the growth stage, which has to be proven by showing annual revenue of over €300,000 or at least €2 million in total funding.
  • Companies should be in their first 10 years of existence.
The application deadline is the 14th of June 2019.
Find out more here.

Photo: EU-startups