Results

EIT - European Institute of Innovation and Technology

01/16/2018 | Press release | Distributed by Public on 01/16/2018 07:14

Five European Deep Tech ventures to watch out for in 2018: The EIT Digital Challenge winners

The companies won in the EIT Digital Challenge at the end of 2017 and will now receive comprehensive support to accelerate their international growth.

Sensors that enable drivers to find free parking spots faster and thus make cities cleaner. A low-cost assessment tool for detection of dyslexia at an early age to provide timely support. These are only two of five deep tech scaleups that EIT Digital has awarded in the EIT Digital Challenge 2017 to support their international growth in 2018 and beyond. The annual contest sought for the best scaleups - fast growing startups ready to scale their operations - in five key areas: Digital Industry, Digital Wellbeing, Digital Cities, Digital Finance and Digital Infrastructure. The winners received a prize package worth €100,000 consisting of one year support in the EIT Digital Accelerator programme worth EUR 50 000 and EUR 50 000 in cash.

The 5 deep tech scaleups to watch out for in 2018:

Cleverciti provides a sensor technology that points drivers via app to free parking spots in cities, thus reducing search traffic and air pollution and improving the quality of life in cities.

(EIT Digital Challenge winner category Digital Cities)

trinckle 3D eases the entire design process of 3D printed products and lower the entry barrier to 3D printing significantly with their cloud based platform.

(EIT Digital Challenge winner category Digital Industry)

Lexplore has developed a technology using artificial intelligence and machine learning to identify dyslexia in a child as early as in elementary school.

(EIT Digital Challenge winner category Digital Wellbeing)

OptioPay revolutionises the way people receive money with a platform that enables businesses to offer beneficial payout options such as higher-value gift vouchers to their clients.

(EIT Digital Challenge winner category Digital Finance)

ApiOmat enables companies to integrate their enterprise IT systems with mobile devices and wearables, allowing them to rapidly create apps that innovate their business.

(EIT Digital Challenge winner category Digital Infrastructure)

EIT Digital's pan-European contest aims to identify the most promising scale-ups in the field of deep technologies (deep tech), complex and disruptive solutions that are built around unique and differentiated scientific or technological advances. In total 136 scale-ups from 20 EU countries applied. 'We've set this year's eligibility criteria very high', says Dominik Krabbe, Lead of the EIT Digital Challenge. 'The quality of the finalists and their technology solutions were impressive. We have seen excellent companies with a great potential to scale up internationally. We will be working closely together with them to accelerate their growth in 2018 and create the next European success stories.'

The five awarded teams will enter the EIT Digital Accelerator programme that comprises a team of around 40 experienced business developers and finance experts operating from 13 cities across Europe, along with a hub in Silicon Valley. Since 2012, the EIT Digital Accelerator has supported more than 260 startups to access new markets, and helped them raise more than EUR 90 million in investment to date. Accelerator alumni companies have gone on to raise over EUR 300 million in total investment.

Catch up with the latest news from the EIT Community in the Newsroom.

Subscribe to the EIT Newsletter to get the best of the EIT Community's news in your inbox once each month.

Do you use social media? Follow us and get updates in your news feed.