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EIT Digital Venture Incubation Program

Dare the unexpected!

The EIT Digital Venture Incubation Program supports entrepreneurial teams from 24 countries with deep tech business ideas to finalise their MVP and start their venture. The EIT Digital Venture Incubation Program East Balkans edition supports the establishment of ventures in Greece, Cyprus, and North Macedonia.

The programs offer a 8-week Pre-Acceleration. Also, teams receive financial support of up to €30,000 in 3 stages from MVP to incorporation up to finding a first investor.

International growth support for European entrepreneurs:

  • Get financial support of up to €30,000
  • Develop your Minimum Viable Product
  • Establish your deep tech venture
  • Get business development help from top international experts
  • Join Europe’s leading innovation ecosystem

The EIT Digital Venture Incubation Program helps entrepreneurs with deep tech business ideas to:

  • Develop and finalise their Minimum Viable Product (MVP)
  • Establish their startup company
  • Find a first investor
How it works:

The Venture Incubation Program takes you from idea to investment within less than a year. The ambitious trajectory takes entrepreneurs with a brilliant idea to build a technical MVP, test it on the market and raise additional funding. With each accomplishment you unlock further benefits.

1. Start off with the Growth Package
  • a two-day virtual Bootcamp
  • an 8-week virtual Pre-Acceleration Phase
  • training in entrepreneurial skills
  • support to develop and finalise your MVP from entrepreneurial experts
  • €5,000 cash prize
2. Succeed with your MVP

Teams who successfully complete the program, incorporate on time and present a strong MVP, qualify for the first tranche of the Final Prize of €10,000.

3. Find a follow-up investor and gain market traction

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 the 24th of November 2024 will receive an additional €10,000. In addition, a maximum of 4 ventures across all regions that have successfully deployed their product/service in the market and achieved commercial traction will earn additional  € 5,000 (if they have achieved sales of at least € 10,000) .

The East Balkans edition of the program is designed and implemented by Found.ation.

Structure and key milestones of the program:
  • Submissions period: February  to April
  • Shortlisted teams take part in a video conference interview
  • The selected teams take part in an online 2-day Bootcamp
  • The teams go through an 8-week virtual mentoring phase provided by experienced mentors
  • On July, the teams present their progress and pitch on a Demo Day
  • The teams will receive €5,000 upon selection. Those who complete the program, will receive an additional €10,000. The fastest ventures across all regions that have successfully completed the program achieved funding or commercial traction by November 24th 2024 have the opportunity to receive an additional € 10,000 (if they have found an investor investing at least € 50,000) and additional  € 5,000 (if they have achieved sales of at least € 10,000). 
Who can apply:
  • Multidisciplinary teams of at least two individuals with an innovative business idea, PoC or prototype in the fields of Digital Industry, Digital Tech, Digital Wellbeing, Digital Finance or Digital Cities.
  • Non-legal entities or startups incorporated after 01/01/2024. 
  • Residents of the following 24 countries: Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Malta, Montenegro, North Macedonia, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Turkey, Ukraine. 
  • All participating teams commit to give 5% equity to EIT Digital after incorporation independent of the stage they reach in the Venture Incubation Program.
How to apply:

Read more details about the East Balkans editions to see if your team is eligible and apply by April 28th!

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