Are you a European startup ready to scale up your business?

EIT Digital announces the third edition of its Europe-wide contest for digital startups. Do you have an innovative product or service? Do you already have customers and traction? Do you want to expand your business to Europe and beyond? Then you should take part in the EIT Digital Challenge. Applications are open until July 31, 2016.

Startups can apply in one of the following five categories:

* Digital Industry

* Digital Wellbeing

* Digital Cities

* Digital Infrastructure

* Digital Finance

EITDigitalChallenge Winners 2014 Cateorgy Urban Life Mobility

Supporting European startups to internationalise and scale up

“Eighty per cent of European startups plan to internationalise their business, but only about half of them actually take this step”, says Dominik Krabbe, EIT Digital Challenge Lead. While being successful in the respective home country, startups face many barriers when expanding to another country. This includes the fact that Europe’s market and investor landscape is highly fragmented and complex. EIT Digital’s pan-European network seeks to close this gap and to facilitate access to new markets and customers as well as funding.

Established in 2014, the EIT Digital Challenge has already received more than 1,200 submissions from 27 European countries. Applications from the Nordic and Baltic countries amount to over 200 with 37 finalists and six winner startups (amongst others Evothings, Digiflak, Gleechi, and Ekin Labs).

Five final pitch events and a unique prize package

An expert jury will select the best 10 teams per category and the finalists will have to pitch at one of five final events in London, Paris, Stockholm, Helsinki or Eindhoven.

They are competing for an exclusive prize package:

* The best three teams in each category will gain access to EIT Digital’s innovation network and gain great visibility and publicity.

* They will also have the chance to join the EIT Digital Accelerator for a full year and work with a team of dedicated business developers and finance experts in order to build and develop their market strategy and get support in terms of customer acquisition and funding.

* On top, the best team per category wins a €50,000 cash prize.

EITDigitalChallenge Winner 2015 Category Smart Energy Systems

In order to apply, startups must be incorporated in one of the member countries of the EU and should have traction, customers and revenue. They should be in the growth stage and ready to scale up their business internationally.

Would you like to learn more about the EIT Digital Challenge? The EIT Digital Challenge team will be present at Arctic15 on both days at stand 38.

EIT Digital is the leading European organisation for innovation and entrepreneurial education and its partner network consists of more than 130 top European corporates, SMEs, startups, universities and research institutes. The contest can be your entrance ticket into this valuable ecosystem.

The EIT Digital Accelerator operates in 13 cities across Europe as well as a hub in Silicon Valley and has already supported 233 startups raising a total of more than €67 million in investment.

So are you ready to scale up your business in Europe? Apply Now!