More than 200 entrepreneurs supported, and 124 startups launched, several of which have quickly raised investment and signed outstanding clients.
Launched six years ago, the EIT Digital Venture Program, designed to support early-stage entrepreneurial teams from the Baltics, Eastern and Southern Europe in their journey to market, boasts a valuable track record.
And the program keeps growing! The 2023 edition, which launches today, will also be open to teams based in Italy, Spain and Hungary.
With the addition of these three major markets, the EIT Digital Venture Program is now accepting applications from residents of 22 European countries (see complete list here).
Selected teams will be offered an intensive eight-week pre-acceleration program; they will be coached, in particular, on how to develop their Minimum Viable Product (MVP), establish their startup company, and raise funds with investors.
At the final “Pitch Days”, teams will get the chance to validate their business solution by presenting it in front of early-stage investors, potential clients, and experts from the tech community.
All teams will receive an initial €5,000 tranche of support, to which €10,000 will be added for those who complete the program and incorporate their startup. Finally, the first ten ventures to raise at least €50,000 in funding from private investors by the end of November will be entitled to an additional prize of €10,000, bringing EIT Digital’s total support to €25,000.
“In its 6th edition, the EIT Digital Venture Program is a proven opportunity for early-stage entrepreneurial teams to establish their deep tech venture and join Europe's largest digital innovation ecosystem. I am excited to see where this next generation of entrepreneurs take us, with the support and resources they will receive,” EIT Digital Venture Program’s Lead, Mirko Tadic, says.
In Italy, Spain and Hungary, the Venture Program will be executed with the support of Universidad Politécnica de Madrid (Spain), Dock3 (Italy) and Lunar (Hungary), which join a pre-existing group of seven regional partners: Found.ation in Greece, Techcelerator in Romania, KTP in Poland, JIC in Czech Republic and Slovakia, BGI in Portugal, University of Ljubljana (SEB) in Slovenia and LIC in Lithuania.
For more information and to apply, visit www.eitdigital.eu/venture-program.
