EIT Digital Venture Incubation Program: On July 25 the Demo Day

On Thursday 25 July at 17:30, the seven teams participating in this year’s edition of EIT Digital Venture Incubation Program present their ideas and the progress they made through the program, in an online Demo Day open to audience, investors and journalists.

For the seventh consecutive year, Found.ation implements the EIT Digital Venture Incubation Program (East Balkans) with the support of EIT Digital, the leading European organization for enhancing entrepreneurship. This unique accelerator program supports essentially very early startups that do not yet have a legal establishment, throughout Greece and Europe. Found.ation, as a strategic partner of the Eastern Balkans branch of the European Center for Innovation and Technology, designs and fully implements the acceleration program, strengthening the local entrepreneurship ecosystem.

The 8 mentors who participated in this year’s program supported and guided teams throughout the program until Demo Day are: Mathilda Nathan, Haris Michaelidis, Vassilis Bolis, Giorgos Boretos, Giorgos Avgenakis, Konstantinos Karakasiliotis, Maggie Kontou and Nikos Arapkoules.

At the beginning of the program, in June, the teams took part in a two-day Bootcamp with workshops and speeches held remotely. The 7 trainers who participated in the bootcamp are: Antonis Livieratos, Antonis Prentzas, Ilias Alexakis, Konstantinos Nikolaidis, Ioannis Papikas, Thanos Leontaris and Kostas Bisas.

For the period of weeks that followed until Demo Day, the startups had regular and substantial support from the mentors assigned to them, networking opportunities with experienced market executives, as well as the possibility to attend webinars on a variety of topics relevant to their activities. The 4 trainers who participated in the webinars, equipping the participating Startups with the necessary skills and knowledge for their success are: Anastasia Terzidou, Mathilda Nathan, Yiannis Papadopoulos and Alexandros Rosso.

The seven groups are as follows:

  • Primus AI: Serverless Computing solutions for application development without infrastructure management.
  • glimpseAI: A wearable device for visually impaired people that enhances their environmental perception.
  • meetie-app: Roommate search app with advanced algorithms for better compatibility.
  • VizionCrafft: Assistive devices for the visually impaired, combining AI and image recognition.
  • tecnoesis: Langdesk, natural language big data search application.
  • Higher Technologies: Connection platform for job seekers, employers and freelancers.
  • Hobbydetective: Online platform for finding hobbies, events and volunteering opportunities.

Each team received an initial grant of €5,000 to develop a Minimum Viable Product (MVP). Upon completion of the legal establishment, they will receive an additional €10,000 each, while they can claim additional funding of up to €15,000 by meeting specific criteria.

It is noted that from the start of the EIT Digital Venture Program until the completion of this cycle, it is estimated that 55 early stage startups from Greece and the Eastern Balkan region have received significant funding and substantial support.

To watch it, just follow link.