DEADLINE 26 APRIL: EIT Digital Venture Programme

"DARE THE UNEXPECTED"

The EIT Digital Venture Programme supports entrepreneurial teams from 20 countries with deep tech business ideas to finalise their Minimum Viable Product (MVP) and start their venture. The programme offers an eight-week Pre-Acceleration executed by five regional partners in Greece, Latvia, Poland, Portugal and Slovenia. Also, teams receive financial support of up to EUR 25 000 in three stages from MVP to incorporation up to finding a first investor. 

Talent is equally spread across the world but opportunities are not. Entrepreneurs have a natural urge to go against the norm and find their own path. We at EIT Digital believe in innovators who set out to break down barriers and change an industry, no matter where they come from. Through our Venture Program we invest in individuals who may well come from locations other than usual but have the energy to become future global entrepreneurs. As we know that entrepreneurial talent is everywhere, we bring opportunity to where talent is. Join us on this journey and help us to champion the unexpected!

• ABC Accelerator in Region 1: Bosnia and Herzegovina, Croatia, North Macedonia, Montenegro, Serbia, Slovenia 
• Foun.ation in Region 2: Albania, Bulgaria, Cyprus, Greece, Romania 
• Startup Wise Guys in Region 3: Estonia, Latvia, Lithuania, Ukraine
• BGI in Region 4: Malta, Portugal
• Kraków Technology Park in Region 5: Czech Republic, Poland, Slovakia 

BENEFITS

The EIT Digital Venture Programme helps entrepreneurs with deep tech business concepts to:

• Develop and finalise their Minimum Viable Product (MVP)
• Establish their startup company
• Find a first investor

HOW IT WORKS

The Venture Programme takes you from idea to investment within less than a year. The ambitious trajectory takes entrepreneurs with a brilliant idea to build a technical MVP, test it on the market and raise additional funding. With each accomplishment you unlock further benefits.

Start off with the GROWTH PACKAGE

• a two-day Bootcamp
• an eight-week Pre-Acceleration Phase
• training in entrepreneurial skills
• support to develop and finalise your MVP from entrepreneurial experts
• EUR 5 000 cash prize

Succeed with your MVP

Teams who successfully complete the program, incorporate on time and present a strong MVP, qualify for the first tranche of the Final Prize of EUR 10 000

Find a follow-up investor

The first 10 ventures across all regions that have received the first tranche of the Final Prize and that have found an investor by the 30th of November 2020 will receive an additional EUR 10 000 

Requirements

• Multidisciplinary teams of at least two individuals with an innovative business idea, PoC or prototype in the fields of Digital Industry, Digital Tech, Digital Wellbeing, Digital Finance or Digital Cities.
• Non legal entities only.
• Residents of any of the following 20 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, North Macedonia, Greece, Malta, Montenegro, Latvia, Lithuania, Poland, Portugal, Serbia, Slovakia, Slovenia, Romania, Ukraine.

• ABC Accelerator in Region 1: Bosnia and Herzegovina, Croatia, North Macedonia, Montenegro, Serbia, Slovenia 
• Foun.ation in Region 2: Albania, Bulgaria, Cyprus, Greece, Romania 
• Startup Wise Guys in Region 3: Estonia, Latvia, Lithuania, Ukraine
• BGI in Region 4: Malta, Portugal
• Kraków Technology Park in Region 5: Czech Republic, Poland, Slovakia