Ubudu selected by EIT Digital as one of Europe’s best deep tech scaleups
September 25, 2019
Ubudu in the running for the EIT Digital Challenge 2019, Europe’s prestigious competition for Deep Tech scaleups. 25 finalists from 12 EU countries will compete on 6 November in Brussels
Ubudu has been selected by EIT Digital, a leading European player in innovation and entrepreneurial education, as a finalist in its renowned pan-European competition EIT Digital Challenge. The competition focuses on startups in growth stage, so called scaleups, with deep tech products that leverage sophisticated, hard-to-reproduce digital technologies that fuel the digital transformation.
A total of 279 companies from 33 countries applied in five categories, strategically chosen with respect to major digital trends and European leadership potential: Digital Tech, Digital Industry, Digital Cities, Digital Finance and Digital Wellbeing. In each category, the 5 best companies are invited to an exclusive final event in Brussels on 6 November 2019 to present their technology to an international expert jury of corporates and investors.
Ubudu will compete in the category Digital Industry against four other European deep tech scaleups. In each category, two winners will be awarded and receive a full year support by the EIT Digital Accelerator worth €50,000 to grow their businesses in Europe and beyond. The first prize winners of each category will receive an additional cash prize of €50,000.The EIT Digital Challenge takes place for the sixth consecutive year. Since its launch in 2014, the competition has received a grand total of 2100 applications from 35 countries. While it initially targeted startups, the EIT Digital Challenge has evolved to become Europe’s flagship competition for deep tech scaleups in digital.