The submissions are finally in, marking the beginning of the EIT Digital Challenge 2017. 136 tech companies from 20 different countries are now competing in the most prestigious scaleup competition of Europe. For this edition, most of the submissions came from Germany, closely followed by France, United Kingdom, and Spain. Also, eight Dutch scaleups have submitted for the challenge, while only four Belgian scaleups are going to take part.
The EIT Digital Accelerator has supported more than 250 startups to access new markets and has helped them raise more than €80M in investment to date. Alumni companies have subsequently gone even further, raising over €250M in total investment. The success of the accelerator is not a surprise either. The EIT Digital Accelerator comprises of a team of 40 experienced business developers and finance experts. The accelerator also operates from 13 cities across Europe, along with a hub in Silicon Valley.