Applications are open for the “EIT Digital Venture Program” competition, which is conducted by the EIT Digital organization, a leading European organization focused on the digital transformation of Europe through digital innovations and education of entrepreneurs. The Venture Program invests in individuals who have the potential to become future global entrepreneurs, regardless of where they come from.

Tender applications EIT Digital Venture Program are received until 26.04.2020 and offers the opportunity to entrepreneurial teams from 20 European countries to achieve financial support of up to 25,000 euros in the development of your minimum viable product (MVP – Minimum Viable Product), from a brilliant idea in the field of digital – industry, technology, welfare, finance or cities, to starting a company in less than a year and finding the first investor.

Who can apply ?

– Multidisciplinary teams of at least two people with an innovative business idea, Proof of Concept (PoC) or prototype in the field of digital industry, digital technology, digital well-being, digital finance or digital cities.

– Natural persons (individuals forming teams of at least two natural persons)

– Citizens of any of the following 20 countries: Croatia , Albania, Bosnia and Herzegovina, Bulgaria, Cyprus, Czech Republic, Estonia, North Macedonia, Greece, Malta, Montenegro, Latvia, Lithuania, Poland, Portugal, Serbia, Slovakia, Slovenia, Romania and Ukraine.

The maximum amount of financing is 25,000 euros through three phases.

How to get 25,000 euros?

The program begins with a two-day bootcamp , followed by an eight-week pre-acceleration phase, during which training is conducted at five regional partners in Greece, Latvia, Poland, Portugal and Slovenia to acquire the entrepreneurial skills and knowledge needed to develop and finalize the MVP.

5,000 euros are allocated for the first stage of development and finalization of the MVP. Teams that successfully complete the program, join on time and present a strong MVP are qualified for the first tranche of the Final Prize in the amount of 10,000 euros. In the third phase, the first 10 teams from all regions who received the first tranche of the Final Prize and who find an investor by 30 November 2020, are entitled to an additional 10,000 euros.

Details about the program and the competition, as well as explanations of each of the three phases of the program, can be found at the link https://www.eitdigital.eu/venture-program/

Where to apply? https://fondazioneeitdigitalitaly.submittable.com/submit

You can find the conditions for applicants from Croatia at: https://www.eitdigital.eu/fileadmin/files/2020/venture-program/EIT_Digital_VP_Region_1_RRs_SAFE_2020.pdf

Links to HAMAG-BICRO and BOND websites and social networks:

https://hamagbicro.hr/natjecaj-za-inovativne-timove-osvojite-25-000-eura/