On 18 February, the 2022 edition of the EIT Digital Venture Program was launched to support early-stage entrepreneurial teams in their journey to market.
Entrepreneurial teams from the Baltics, Eastern Europe and Southern Europe (see complete list here) with digital deep tech business plans are encouraged to apply by April 8.
This unique initiative offers an intensive eight-week pre-acceleration program orchestrated by EIT Digital and executed by regional partners.
Selected teams will be coached, in particular, on how to develop their Minimum Viable Product (MVP), establish their start-up company, and raise funds with investors.
At the final “Pitch Days”, teams 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.
In the past four years, the EIT Digital Venture Program has supported more than 93 teams and over 200 entrepreneurs in an early stage of their development. Many of these teams have attracted investors during or shortly after the pre-acceleration program. For example, in the 2021 edition, Polish remote health monitoring start-up Horsano raised funding immediately at the end of the program.
Lithuanian start-up Revolab is another impressive success story. A graduate of the 2020 edition of the Venture Program, in a record time of one year, Revolab came from inception to closing a pre-seed round, signing large pre-order deals, getting CE and FDA clearance, and expanding to the US.
With the 2022 edition of its Venture Program, EIT Digital is looking forward to supporting the next batch of talented teams from these regions in their entrepreneurial journey to market: Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, North Macedonia, Greece, Malta, Montenegro, Latvia, Lithuania, Poland, Portugal, Serbia, Slovakia, Slovenia, Romania, Ukraine, Turkey.