EIT Digital is a Data and Innovation Group of the European Institute of Innovation and Know-how (EIT). Co-funded by the European Union (EU), EIT Digital builds the following technology of digital ventures, merchandise, and companies. In lower than a yr, the EIT Digital Enterprise Program takes you from concept to funding. Beginning with a superb concept to a technical Minimal Viable Product (MVP), testing it available on the market, and elevating further funding — with every accomplishment you unlock additional advantages. Proceed studying to discover what the sixth version, EIT Digital Venture Program 2023, has in retailer for you and why it’s best to apply immediately. Functions shut on sixteenth April!
Be taught all In regards to the Program Instantly 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 it is advisable to apply for this system.
What differentiates this yr’s program from its earlier editions? Something new?
Sure! This system retains rising! In our 2023 version, we have now opened our program to three new areas. Groups primarily based in Italy, Spain, and Hungary at the moment are welcome to use. With the addition of those three main markets, the EIT Digital Enterprise Program is now accepting functions from residents of twenty-two European international locations (see checklist under).
What’s in retailer for the winners of this system?
Chosen groups might be provided an intensive eight-week pre-acceleration program; they are going to be coached, particularly, on find out how to develop their MVP, set up their startup firm, and lift funds with buyers.
On the ultimate Pitch Days, groups will get the possibility to validate their enterprise resolution by presenting it in entrance of early-stage buyers, potential purchasers, and specialists from the tech neighborhood.
All groups will obtain an preliminary €5,000 tranche of help, to which €10,000 might be added for many who full this system and incorporate their startup. Lastly, the primary ten ventures to lift at the very least €50,000 in funding from non-public buyers by the tip of November might be entitled to an extra prize of €10,000, bringing EIT Digital Venturd’s complete help to €25,000.
Does EIT Digital Enterprise work with regional companions? If sure, might you point out a couple of?
Sure, we do! In Italy, Spain, and Hungary, the Enterprise Program might be executed with the help of Universidad Politécnica de Madrid (Spain), Dock3 (Italy) and Lunar (Hungary), which be a part of a pre-existing group of seven regional companions: Found.ation in Greece, Techcelerator in Romania, KTP in Poland, JIC in Czech Republic and Slovakia, BGI in Portugal, College 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, you should be:
- A multidisciplinary workforce of at the very least two people with an modern enterprise concept, PoC, or prototype within the fields of Digital Business, Digital Tech, Digital Wellbeing, Digital Finance, or Digital Cities.
- A non-legal entity.
- Resident of any of the next 22 international locations — 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 Profitable Monitor Document
Since its launch 6 years in the past, EIT Digital Enterprise has supported greater than 200 entrepreneurs and launched 124 startups — a number of of which have shortly raised funding and signed excellent purchasers.
On the finish 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 creating their Minimal Viable Product and incorporating their startup, the groups began partaking with non-public buyers. Lower than 3 months later, 10 of them have raised near €870,000 in non-public funding.
A number of the successful groups are:
Furthermore, that is what among the earlier winners needed to say about EIT Digital Enterprise Program:
“EIT Digital gave an opportunity to slender down the enterprise technique and deal with product constructing.”
— Nikita Stepanovs, founder, Suhona AI
“The help of the EIT Digital Enterprise Program of 2022 led us to establishing our authorized entity and transferred vital cross-domain expertise in the direction of the profitable realization of our imaginative and prescient.”
— Christos PANAGIOTOU, Founder & CTO, Terra Plus
Submit Your Software in a Few Simple Steps
You fulfill the eligibility standards and are enthusiastic about this system? Nice! Observe these easy steps and apply by sixteenth April!
- Rigorously undergo the rules and regulations for software.
- Go to the application page.
- Choose your nation of residence.
- Describe your workforce.
- Clarify the enterprise mannequin, the know-how underlying your product/resolution, and your modern concept.
- Add your pitch deck.
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