5th edition of EIT Digital Challenge launched

The European Institute of Innovation and Technology (EIT) organises the EIT Digital Challenge, a pan-European innovation contest in five thematic categories aiming to reach out, identify and support the best digital startups in Europe, that are focused on fast growth of their business in Europe and worldwide. Deadline of submissions is June 14, 2018.

Participants are invited to submit a short outline of their business to be evaluated by a panel of experts. Based on the evaluation five companies per category will then be invited to pitch their business in front of a jury, which shall select the best two companies per category. The ten selected companies each gain 12 months of dedicated support services in international Access to Market and Access to Finance by the EIT Digital Accelerator team. They will get individual lead creation support at additional corporate matchmaking events, investors dinners and in personal introductions to international customers and investors. The five first-prize winners additionally receive a cash prize each. In addition to this growth package, the winners will gain access to EIT Digital’s pan-European innovation network with more than 150 partners and will enjoy international publicity and greater visibility by means of EIT Digital’s network channels. 

Submissions shall be classifiable in one of the following five categories:

• Digital Industry;
• Digital Cities;
• Digital Wellbeing;
• Digital Infrastructure;
• Digital Finance.

The best team per category will receive 12 months in the EIT Digital Accelerator worth € 50,000 and a cash prize of € 50,000. 

The EIT ICT Labs Germany GmbH is responsible for the central coordination of the contest, and acts as the managing partner in coordinating the application and evaluation process.