EITdigital is the knowledge and innovation community of the European Institute of Innovation Technology (EIT). EIT Digital, co-funded by the European Union (EU), is building the next generation of digital ventures, products and services. in less than a year, EIT Digital Venture Program From idea to investment. Start with a great idea, develop a technical minimum viable product (MVP), test it in the market, and raise additional funding. Every time you achieve it, you get more profit. Read on to find out what the 6th edition is all about. EIT Digital Venture Program 2023what’s in store for you and why you should apply now. Registration closes April 16th!
Learn all about the program directly from Mirko Tadic, leader of the EIT Digital Venture Program
we talked Mirko TadicEIT Digital Venture Program lead, providing all the information needed to apply for the program.
What’s the difference between this year’s program and previous programs? What’s new?
yes! The program continues to grow! For the 2023 edition, he has opened up the program to three new regions. We welcome applications from teams based in Italy, Spain and Hungary. With the addition of these three key markets, the EIT Digital Venture Program is now accepting applications from residents of 22 European countries (see list below).
What does the program winner have in store?
Selected teams will be offered an intensive eight-week pre-acceleration program. In particular, you will receive guidance on how to develop an MVP, how to set up a start-up company, and how to raise capital from investors.
At the final Pitch Day, teams will have the opportunity to validate their business solutions by presenting them in front of early-stage investors, potential clients, and experts in the technical community.
All teams receive an initial €5,000 support tranche, with an additional €10,000 for teams completing the program and embedding their startups. Finally, the first 10 ventures to raise at least €50,000 from private investors by the end of November will receive an additional €10,000 in prize money, making EIT Digital Venturd’s total backing equal to his It will be 25,000 euros.
Does EIT Digital Venture work with regional partners? If yes, could you name some?
Yes, it is! In Italy, Spain and Hungary, venture programs will be implemented with the following support: Technical University of Madrid (Spain), Dock3 (Italy) and lunar surface (Hungary), joining an existing group of seven regional partners. foundation in greece, Texelarator in Romania, KTP in Poland, JIC In the Czech Republic and Slovakia, BGI University of Ljubljana, Portugal (SEB) Slovenia and LIC in Lithuania.
Who is eligible to apply for the program?
to apply for EIT Digital Venture Program 2023must meet the following conditions:
- A multidisciplinary team of at least two individuals with innovative business ideas, PoCs, or prototypes in the following areas: digital industry, digital tech, digital wellbeing, digital finance, again digital city.
- Residents of the following 22 countries — 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 the successful track record of the EIT Digital Venture Program
Since its launch six years ago, EIT Digital Venture has 200 entrepreneurs and launch 124 startups —Some of them quickly raised investments and signed good clients.
As of the end of September 2022, 31 teams from Central and Eastern Europe, the Baltics and Southern Europe Completed the pre-acceleration stage of the EIT Digital Venture Program. After developing a minimum viable product and incorporating startups, the team began engaging with private investors. In less than three months, ten of his €870,000 private funding.
Some of the winning teams are:
Plus, this is what some of the previous winners had to say EIT Digital Venture Program:
“EIT Digital gave us the opportunity to refine our business strategy and focus on building our product.”
— Nikita Stepanovs, Founder of Suhona AI
“With the support of the 2022 EIT Digital Venture Program, we were able to form a legal entity and transfer significant cross-domain experience towards realizing our vision.”
— Christos PANAGIOTOU, Terra Plus Founder and CTO
Submit your application in a few easy steps
Do you meet the eligibility criteria and are you excited about the program? Great! Follow these simple steps to Apply by April 16th!
- pass carefully rules and regulations for applications.
- visit Application page.
- Please select your country of residence.
- Please describe your team.
- Describe your business model, technology underlying your product/solution, and your innovative ideas.
- Upload your pitch deck.
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