The EIT Digital Challenge 2020 is a yearly competition organised by the leading European digital innovation and entrepreneurial education organisation, EIT Digital. The purpose of the contest is to identify deep tech innovative scale-ups that are keen on making a difference and helping them evolve further. We all know that it is no easy task to come up with an idea, convert it into a startup and to go above and beyond for making it a success. To help scaleups realise their maximum potential, EIT Digital Challenge offers more than just cash reward to its winners.
Image credit: EIT Digital – featuring one of last year’s winner, full story here.
The 20 deep tech finalists of 2020
EIT Digital has announced this year’s 20 scaleups that hail from 11 European countries and are moving on to the finals. From AI transforming patient care to a 3D radar redefining human-machine interaction. This year, there is a plethora of scaleups working on a range of solutions covering EIT Digital’s technology areas, namely, Digital Finance, Digital Tech, Digital Wellbeing, Digital Cities, and Digital Industry.
This year, the scaleup SwipeGuide from the Netherlands has also made it to the top 20. The startup offers a SaaS platform to help the shop floor perform more efficiently. It also helps them maximise their operational efficiency and minimise production errors.
Meanwhile, let’s also take a look at the complete lineup of 20 innovative finalists in this year’s EIT Digital Challenge:
Building Radar (UK) – Multisource data collection and AI-powered platform to enable transparency about deal opportunities for the construction industry in cities.
CitySwift (IR) – data-driven scheduling and planning technology for public transport companies.
Deepomatic (FR) – a no-code visual automation platform to support field operations with computer vision applications.
Financial Network Analytics (UK) – Deep technology firm specializing in advanced analytics, network simulations and Regulatory & Supervisory Technology (Regtech & Suptech).
Icometrix (BE) – helps effectively quantify brain abnormalities through an AI-powered imaging solution.
Inxpect (IT) – 3D safety radar for robotics and industrial automation.
PXL Vision (CH) – PXL is a technology platform for secure and automated identity verification and the creation of trustable digital identities.
Roboze (IT) – Designing and manufacturing 3D printers and digital services for extreme applications.
Runecast Solutions (UK) – Automated Hybrid Cloud insights for mission-critical configuration & security compliance.
Scantrust (CH) – Connected goods platform that binds physical goods with online identities for active brand protection, supply chain awareness, and consumer engagement.
SentiOne (PL) – Omnichannel social listening and customer service automation platform.
Squirro (CH) – Enables organisations to transform enterprise data into AI-driven insights.
SwipeGuide (NL) – Intelligent work instructions and procedures via augmented apps to improve productivity on the factory floor.
TakeTask (PL) – Mobile application used by organisations to assign, execute and verify tasks on a large scale in many locations simultaneously for any industry.
Targomo (DE) – Location intelligence solution to optimise retail networks, deliver better public services, and improve real estate searches.
TRIBVN Healthcare (FR) – AI-powered solution that allows the pathologist to better manage and analyse cell and tissue images to improve cancer diagnosis.
Ultimate.ai (FI) – Customer service automation platform that helps brands give great support experiences to every customer, instantly.
Unmanned Life (UK) – Machine-to-Machine platform to enable Autonomy-as-a-Service to deploy and manage autonomous robotic devices for Smart Cities and Industry 4.0.
Vårdinnovation (SE) – Medical device software that, through multi-sensor data collection and
tasks, automation helps optimise healthcare system efficiency.
Wishibam (FR) – Enables the creation of scalable marketplaces based on real-time store inventory.
An invitation-only event!
This year marks the seventh year of the EIT Digital Challenge, and the scaleups this year will be competing for prizes worth €350,000. Out of 403 applicants, that come from 11 different European countries, 20 finalists were chosen. On average, the selected scaleups reached a revenue of €1.5M in 2019, have already received €5.6M in funding and have employed 31 people. The final event will take place online on November 12.
While the first prize winner will receive a cash prize of €100,000, the four next best companies will receive a full year of support by the EIT Digital Accelerator, worth €50,000. Even though the event is entirely online, the participants will be able to arrange business meetings with the finalists and other prominent scaleups from EIT Digital ecosystem via the platform’s online matchmaking platform.
It is also worth noting that the final event is by invitation only and if you’re a stakeholder of the digital innovation ecosystem, you can apply for your invite here.
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