EIT DIGITAL CHALLENGE 2020 “SCALE UP YOUR DEEP TECH BUSINESS”

Call For Funds

Country: European Countries

Deadline: 07-June-2020

Grant Size: €100,000  €350,000

Details:

Does your business need to scale up? Apply for the 7th edition of the EIT Digital Challenge, the pan-European competition for deep tech scaleups, and become ensuing European success story!
Top 20 firms are going to be invited to an exclusive event to dig in front of a jury of high-profile corporate and investors. The most effective 5 firms can receive prizes totaling €350,000 in cash and in kind to boost their international growth.
They are trying to find aggressive European ‘deep tech’ firms with a differentiating product providing that leverages subtle, hard-to-reproduce digital technologies.
EIT Digital Challenge is an initiative to support the European deep tech scheme. Since its launch in 2014, the competition has attracted over 2000 entries from all around in Europe. Most of the winning scaleups have gone on to become internationally in firms. Currently it can be your firm’s turn!
MARKET ACCESS & FUNDRAISING SUPPORT
Benefit from the Access to promote and Access to Finance support provided by a passionate team of skilled business developers and finance specialists in operation from 17 major European cities and a hub in silicon valley. They’re going to support you in growing your business internationally and raising international capital.
PAN-EUROPEAN INNOVATION NETWORK
Get access to their network of 200+ famed partners across Europe consisting of firms, SMEs, startups, universities and research institutes.
All submissions are going to be evaluated by internal and external specialists. They are going to examine the market and internationalization potential of your product or service also as the quality of your core team. They will additionally take into account the match of your product or service to their thematic areas and therefore the impact their support may wear your business.

Funding Information:

€100,000 cash PRIZE:
The best 5 firms can receive a full year of tailored international growth support by the EIT Digital Accelerator value €50,000 to scale up their business. On prime of that, the first place winner can receive a cash prize of €100,000.

Participation And Audience:

INTERNATIONAL VISIBILITY
They will communicate your success and share your story through their powerful on- and offline channels and leading European media retailers, generating valuable international exposure for your business.
Startups in growth stage (scaleups) will apply in 5 thematic areas:

Digital tech 

Digital business 

Digital Cities

Digital welfare and

Digital Finance.

Read more about their thematic areas here https://www.eitdigital.eu/challenge/thematic-areas/

Eligibility Criteria:

To be eligible for the EIT Digital Challenge, your deep tech product/service should work one in all the following thematic areas:
Digital tech
Digital Cities
Digital business
Digital prosperity
Digital Finance
Furthermore, you need to meet the mentioned criteria:
Company must have maximum 10 years recent (incorporated after 01/01/2010)
Company incorporated in EU27 or UK or H2020 Associated Countries (full list here)


Fast-growing technology company with international ambitions.
Prove growth stage by meeting one in all mentioned 3 criteria:
Min. €300,000 revenue in 2019, or
Min. €300,000 revenue in 2020 till the date of application, or
Min. €2,000,000 in total equity investment

For more information, visit EIT Digital Challenge

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