The Journey of a Champion: From EIT Digital Champions to Industry leaders | EU-Startups

Editor’s Note: This post has been created in collaboration and with financial support from EIT Digital. If you’re also interested in partnering with us, just reach out.

The leading pan-European competition for digital deep-tech scaleups, “EIT Digital Champions” returns for another year to support innovators and entrepreneurs in becoming the next European success stories. This initiative identifies and celebrates the very best European digital technology scaleups seeking venture capital financing at the EU level and beyond.

With applications for the EIT Digital Champions 2024 open until January 30th,  the stage is set for the next wave of European deep-tech scaleups to emerge. As we look forward to discovering the new champions, let’s take a moment to revisit the inspiring journeys of past winners like W-Sense and JENTIS. These companies exemplify the transformative journey that begins with the EIT Digital Champions competition.

From EIT Digital Champion to Underwater Connectivity Leader

W-Sense, a deep-tech spinoff from Sapienza University of Rome, specialises in advanced underwater monitoring and communication systems. They develop innovative technologies for the Internet of Underwater Things (IoUT), including ‘subsea wifi’ systems, aiming to bridge data gaps in marine environments. In 2022, they embarked on a remarkable journey after winning the EIT Digital 2022 Challenge. This success in the competition served as a springboard, leading to a triumphant €9M Series A funding round and paving the way for their international expansion. WSense is recognised for its contributions to the sustainable and actionable blue economy.

Chiara Petrioli, W-Sense’s co-founder, stated: “We are grateful for the high-quality support provided by the Growth Services team and their Access to Finance program. They have helped us prepare for fundraising and introduced us to a wide selection of relevant investors from all over Europe.”

Scaling Up in GDPR Compliant Marketing Analytics

Another example of the kind of success EIT Digital Champions can bring to its participants is “JENTIS“. As a leading B2B SaaS scale-up, JENTIS empowers businesses to independently own and control their web data capture, free from third-party reliance. Its breakthrough technology enables radically improved data accuracy for business insights, all the while complying with privacy regulations worldwide.

The support from EIT Digital’s Growth Services was pivotal in guiding JENTIS through the complexities of investor pitching and in connecting with a broad network of European investors. This support proved instrumental in their journey to scale up and expand into key markets, leading to an €11 million funding round and establishing them as a major player in the field of marketing analytics.

Founded in 2020 and led by CEO Thomas Tauchner, JENTIS has been recognised for its pioneering solutions, including being named the Austrian Scaleup of the Year in Digital Transformation by E&Y. The support from EIT Digital’s Growth Services has been pivotal in their journey, aiding them in connecting with a wide network of European investors and preparing them for successful fundraising.

The stories of W-Sense and JENTIS are testaments to the role of EIT Digital in nurturing promising scaleups. Through its Growth Services program, EIT Digital provides invaluable support in preparing companies for investor pitches and connecting them with international investors, guiding them through significant fundraising rounds.

These companies started their journey as participants in the competition and have since grown into leaders in their respective fields. They exemplify the transformative impact that EIT Digital can have on deep tech scaleups.

Don’t miss this opportunity – Applications close on January 30th. The EIT Digital Champions 2024 is not just a contest; it’s a launchpad for ambitious scaleups to reach new heights. Embrace this chance to partner with EIT Digital. Apply today!

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• Source: https://www.eu-startups.com/2024/01/the-journey-of-a-champion-from-eit-digital-champions-to-industry-leaders/