Teams from Central and Eastern Europe, the Baltics and Southern Europe, received pre-acceleration and €15,000 each, from EIT Digital.
The EIT Digital Venture Program 2021 offers an eight-week pre-acceleration program executed by five regional partners: Found.ation in Greece, Startup Wise Guys in Latvia, KTP in Poland, JIC in Czech Republic and Slovakia, BGI in Portugal and University of Ljubljana (SEB) in Slovenia.
Entrepreneurs with deep tech business ideas learn how to develop and finalise their Minimum Viable Product (MVP), establish their startup company, and raise funds with investors.
They validate their business solution at the final “Pitch Days”, where they showcase their solutions in front of early-stage investors, potential clients, and experts from the tech community.
At the 2021 pitch days, out of 27 startups created during the program, 23 were selected to receive a cash prize of €10,000 each. An initial €5,000 tranche of support had already been awarded in May 2021, bringing EIT Digital support to €15,000 each.
The next step is for the ventures to attract investment from private investors: the first ten ventures that will get a commitment of at least €50,000 before November 21, 2021, will be entitled to an additional prize of €10,000 from EIT Digital.
In the last 4 years, the EIT Digital Venture Program has invested in the creation of 93 deep tech startups, supporting more than 200 entrepreneurs in their early stage of development. Many of these teams have attracted investors during or shortly after the pre-acceleration program.
Revolab, a winner of the 2020 edition of the Venture Program, went in a record time of one year, from inception to closing a pre-seed round with Kilo Health, signing six-digit pre-order deals, and now expanding to the US. Other startups from previous EIT Digital Venture Program editions that have raised follow-on investments from private investors include Restpay, Worig, Kiimo, Roster, Ruupi and Sensomatt.
EIT Digital will continue to step up its efforts to discover and support talented entrepreneurial teams to quickly develop digital deep-tech innovations.
For exciting investment opportunities, check out this year’s graduates:
Deepconomy
Silent inbox
SciDrones
Renthis2me
WowMind
Plantee
MakeItFast
Everyrun
ALTERMail
FiftyAI
FARE
B Focus
Adorney
EasyBreathie
BBOTIX
Senior Support
Neutralize-C
Papyri
Horsano
Enforge
Capillos
PETCAREBOOK
Luftio
