Placeholder 2The EIT Digital - EIC project over the course of 18 months has successfully contributed to enhance the effectiveness of support mechanisms available to European DeepTech startups and scaleups delivering joint impact by EIT Digital and EIC, and contributing to achieving Horizon Europe’’s goal.
The project achieved impactful results presented below and, increased awareness within the two ecosystems about the opportunities available for the European innovators and startups through 9 events, both online and in-person, but also through online compaign and publications of articles that generated more than 6000 viewers.
The EIT Digital - EIC Venture Acceleration Programme received 97 applications from EIC Accelerator Beneficiaries and after a thorough review 10 were selected to join the programme. 10 scaleups received fundraising support from the EIT Digital Access-to-Finance team to prepare the organization and material for a successful fundraising, identify the appropriate investors and get in touch with them. The support took place over a period of 12 months and allowed 5 companies to successfully complete their fundraising, achieving a total of €38,5M fundraised.
EIC - EIT Digital Venture Building Programme trained 7 EIC Pathfinder and Transition Beneficiaries. The intensive programme consisting of an incubation bootcamp lasted six (6) weeks, through an online, hands-on, and collaborative format that was complemented by a in-person closing event. The programme equipped the teams and ventures with a toolbox of instruments and knowledge aimed at driving the successful establishment and growth of a DeepTech venture, including awareness of the pitfalls entailed in the process. The participants commanded the programme for its focus on providing insights on the specific challenges of each team.
The support for EIT Digital supported startups/scaleups to access the EIC Accelerator Fast Track was systematically pursued by building awareness in the ecosystem about the instrument and opportunity for DeepTech scaleups. The activity entailed the development of in-house capacity to support applicants and roll-out processes to seamlessly on board strong candidates in the EIC Accelerator. As result 19 companies were assessed and validated for the Fast Track and a healthy pipeline of candidates was created with more than 20 more companies foreseeing an application in the future.
As the project was reaching its end, EIT Digital was notified to have been selected as one of the EIC Business Acceleration Services (BAS) Partner, showing the value for continued collaboration.
