In 2021, the EIT Digital Challenge Final takes place for the eighth consecutive year and focuses on ‘deep tech’ digital scaleups with a differentiating product offering, leveraging sophisticated, hard-to-reproduce digital technologies that fuel the digital transformation.
EIT Digital, the organization behind the Challenge & Accelerator, embodies the future of innovation by mobilizing a pan-European multi-stakeholder open-innovation ecosystem of top European corporations, SMEs, startups, universities, and research institutes. EIT Digital builds the next generation of digital ventures, digital products and services, and breeds digital entrepreneurial talent, helping businesses and entrepreneurs to be at the frontier of digital innovation by providing them with technology, talent, and growth support.
“Digital is a major priority for Europe. We need not only to build companies but also to grow them to become major players. The EIT Digital Challenge is precisely about this – identifying the next generation of Europe’s digital champions. The very large number of applications shows that our value proposition is strong. This year, we are also proud to observe that 40% of the companies have female Co-Founders or CXOs”, elaborates Chahab Nastar, Chief Innovation Officer of EIT Digital.
Indeed, the EIT Digital Challenge 2021 has established a new record: 409 scaleups from 33 countries applied to the 8th edition of Europe’s flagship deep tech competition. The highest number of submissions came from Germany, United Kingdom, Italy, Spain, and France.
A Unique Opportunity to Connect with Top European Scaleups
The exclusive final event of the EIT Digital Challenge is a unique opportunity to connect to the most prominent European tech scaleups, innovation stakeholders, investors, and industry representatives. During the event, participants will be able to arrange business meetings with the finalists and other prominent scaleups from the EIT Digital ecosystem via an online matchmaking platform.
The event is by invitation only. If you are a stakeholder of the digital innovation ecosystem and would like to join the event please register via EIT Digital’s website.
The 20 finalists that will compete for international growth support totaling €250,000 were chosen out of 409 applicants and come from 10 different European countries. On average, they reached a revenue of €1M in 2020, raised €4M in funding, and employ 27 people. A noteworthy fact is that 45% of finalists feature women as founders or C-level executives.
From a digital audit of food supply chains to an AI-powered platform improving organ transplantation, the 20 finalists of this year’s EIT Digital Challenge cover a wide variety of topics within the EIT Digital focus areas (Digital Tech, Digital Wellbeing, Digital Cities, Digital Industry, Digital Finance). And they all have a common goal: to grow fast and contribute to building a strong digital Europe, one that’s inclusive, fair, and sustainable.
Meet The 20 Finalists of the EIT Digital Challenge 2021
- 2021.AI creates regulatory Excellence for AI, its Grace solution offers complete Governance, Risk & Compliance (GRC) for artificial intelligence.
- Cibiltech develops digital health technologies for transplantation to improve patients’ quality of life.
- Connecting Food leverages blockchain technology to make our food systems more transparent.
- Flowlity helps organizations and their ecosystem reduce Supply Chain uncertainties, waste and enable growth.
- COMPREDICT develops AI-based virtual sensors for vehicles from 2 to 18 wheels to generate insights into vehicle reliability and fleet usage.
- Nect creates a highly converting and compliant remote Identity Verification solution using Robo-Ident, an AI-powered, patent-pending technology.
- Park Here provides a platform to operate parking spaces more efficiently and connect them with mobility services to enable and accelerate seamless mobility in cities.
- Vuframe builds a no-code 3D platform to bring smart, digital product visualizations to employees and customers on any device.
- CARDO AI helps institutional investors manage their private credit investments through AI-powered technology.
- Cubbit transforms underutilized resources at the edge of the Internet into next-generation B2B cloud services: zero-knowledge encryption, 2x more cost-efficient and 10x greener.
From the Netherlands:
- BrainCreators turns manual visual inspections into automated turnkey solutions at scale.
- Chargetrip develops a smart EV Routing API-based SaaS platform that makes it easy to drive and charge any electric vehicle for individuals and fleets.
- Neurocast creates a True Passive Patient monitoring solution to enable better health care.
- SmartMile builds a global network of parcel machines to optimize the last mile, and make delivery sustainable.
- Nais creates a better workplace powered by smart appreciation and collected data insights.
- Bdeo Technologies transforms the underwriting and traditional insurance claim flow by digitizing and automating the process with advanced Visual Intelligence.
- Psious builds a virtual reality therapy platform for mental health professionals.
- Insert Coin offers a cloud-based API for gamifying any digital product and increasing user retention, engagement, motivation, and loyalty of users.
- CYSEC develops a secure computing environment that ensures the integrity and confidentiality of data in the cloud and on the edge.
From the UK:
- Axial 3D makes patient-specific surgery routine through automated, data-rich, 3D medical visualizations.
Final Event to Take Place Online on 21 September 2021
The winners will be chosen in a final event held online on September 21, where the finalists will pitch in front of a jury of experts and compete for prizes totaling €250,000. The prize package includes full-year support by the EIT Digital Accelerator, worth €50,000, for the three awarded companies. The EIT Digital Accelerator will support the EIT Digital Challenge winners in scaling up their business in Europe by helping them secure international customers in target markets and raise growth funding. In addition to that, the first prize winner will receive a cash prize of €100,000.
“This award is a huge recognition for the entire work of our team! Our company is five years old and being named by EIT Digital as the best deep tech startup in Europe is really meaningful at this moment – the beginning of our scaleup stage,” says CEO & co-founder Augustin Marty of 2020’s 1st prize winner Deepomatic.
Since 2012, the EIT Digital Accelerator has supported startups and scaleups from 20 countries that have raised close to €1 billion in investment. The EIT Digital Accelerator has been recognized as one of the world’s top public Business Accelerators by UBI Global, and as one of the top 3 accelerator brands in Europe, according to Startup Heatmap Europe.
To meet & match with Europe’s Best Deep Tech Scaleups, join the exclusive EIT Digital Challenge Finale on 21 September!
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