Do you have a business idea and want to turn your innovative digital technology into an MVP and start your venture?

EIT Digital Venture Program

What’s it about?

This unique initiative offers an intensive eight-week pre-acceleration program executed by EIT Digital regional partners – Lithuanian innovation centre. Selected teams from Lithuania, Latvia and Estonia will be coached, in particular, on how to develop their Minimum Viable Product (MVP), establish their startup company, and raise funds with investors. 

The EIT Digital Venture Program takes you from idea to investment in less than a year. 

Requirements

Multidisciplinary teams of at least two individuals

Non-legal entities only

Residents of Lithuania, Latvia or Estonia

Fields

The ideas, products, services or processes developed must fall under one of the five fields below

Digital Industry

Digital Tech

Digital Wellbeing

Digital Cities

Digital Finance

Program stages (preliminary)

START OFF WITH THE

GROWTH PACKAGE

A two-day Bootcamp

An 8-week virtual Pre-Acceleration Phase – training in entrepreneurial skills and support to develop and finalise your MVP from entrepreneurial experts.

 

 

SUCCEED WITH YOUR

MVP

Teams who successfully complete the program, incorporate the venture on time and present a strong MVP, qualify for the first tranche of the Final Prize.

FIND A FOLLOW-UP

INVESTOR

The first 10 ventures across all regions that have received the first tranche of the Final Prize and that have found an investor (investing at least 50,000€) by November 24th 2024 will receive an additional prize.

5,000 € cash prize

10,000 € cash prize

10,000 € cash prize

Growth Package Submissions Deadlines --- 2024.04.28

Selection Interviews (via video conferencing calls) --- until 2024.05.15

Announcement of Growth Package Winners --- until 2024.05.20

Growth Package Contracts signature --- until 2024.05.25

Growth Package Cash Prize --- until 2024.05.30

Pre-Acceleration Program Period --- 2024.05.25 - 2024.07.20

Bootcamps --- 2024.05.25 - 2024.05.30

Demo days --- until 2024.07.30

Final Prize Submission Deadline --- 2024.09.01

Announcement of Final Prize (first tranche) --- 2024.09.16

Additional Funding Deadline --- 2024.11.24

Announcement of Final Prize (second tranche) --- 2024.12.22

Entrepreneurs Will Get a Chance to:

Partners

EIT Digital is a leading European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation. 

Website

The public institution Lithuanian Innovation Centre (LIC) is a non-profit organisation, providing innovation support services to enterprises, research institutions, industry associations and business support organizations.

Website

Lithuanian Innovation Centre
Organization code 110066875
Data is collected and stored in the Register of Legal Entities