Do you have a business idea and want to turn your innovative digital technology into an MVP and start your venture?
EIT Digital Venture Incubation Program 2024
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, Estonia and Ukraine 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 or startups incorporated after 01/01/2024
Residents of Lithuania, Latvia, Estonia or Ukraine
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
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 a 10,000€ prize and additional 5,000€ (if they have achieved sales of at least € 10,000).
5,000 € cash prize
10,000 € cash prize
10,000 € + 5,000 € 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:
- Get financial support of up to 30,000 €
- Develop their Minimum Viable Product
- Establish their deep tech venture
- Get business development help from top international experts
- Find a first investor
- Join Europe’s leading innovation ecosystem
If you have any further questions, please contact:
Partners
EIT Digital is a leading European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation.
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.
Lithuanian Innovation Centre
Organization code 110066875
Data is collected and stored in the Register of Legal Entities