EIT Digital is a Information and Innovation Neighborhood of the European Institute of Innovation and Expertise (EIT). Co-funded by the European Union (EU), EIT Digital builds the subsequent era of digital ventures, merchandise, and companies. In lower than a yr, the EIT Digital Enterprise Program takes you from thought to funding. Beginning with a superb thought to a technical Minimal Viable Product (MVP), testing it in the marketplace, and elevating extra 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 instantly. Purposes shut on sixteenth April!
Be taught all Concerning the Program Immediately from EIT Digital Enterprise Program’s Lead, Mirko Tadic
We spoke to Mirko Tadic, EIT Digital Enterprise Program’s Lead, to offer you all the data you’ll want 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’ve opened our program to three new areas. Groups based mostly in Italy, Spain, and Hungary are actually welcome to use. With the addition of those three main markets, the EIT Digital Enterprise Program is now accepting purposes from residents of twenty-two European nations (see record under).
What’s in retailer for the winners of this system?
Chosen groups might be supplied an intensive eight-week pre-acceleration program; they are going to be coached, particularly, on tips on how to develop their MVP, set up their startup firm, and lift funds with traders.
On the closing Pitch Days, groups will get the prospect to validate their enterprise answer by presenting it in entrance of early-stage traders, potential purchasers, and specialists from the tech group.
All groups will obtain an preliminary €5,000 tranche of help, to which €10,000 might be added for individuals who full this system and incorporate their startup. Lastly, the primary ten ventures to lift a minimum of €50,000 in funding from personal traders by the top 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, may you point out just a few?
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 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 have to be:
- A multidisciplinary staff of a minimum of two people with an modern enterprise thought, 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 nations — 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 File
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 rapidly 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 growing their Minimal Viable Product and incorporating their startup, the groups began participating with personal traders. Lower than 3 months later, 10 of them have raised near €870,000 in personal funding.
Among the profitable groups are:
Furthermore, that is what among the earlier winners needed to say about EIT Digital Enterprise Program:
“EIT Digital gave an opportunity to slim down the enterprise technique and concentrate on 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 important 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 Straightforward Steps
You fulfill the eligibility standards and are enthusiastic about this system? Nice! Comply with 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 staff.
- Clarify the enterprise mannequin, the expertise underlying your product/answer, and your modern thought.
- Add your pitch deck.
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