Squirro Named EIT Digital Challenge ’20 Finalist

Squirro selected by EIT Digital as one of Europe’s best deep tech scaleups

• Squirro in the running for the EIT Digital Challenge 2020, Europe’s flagship competition for Deep Tech scaleups
• 20 finalists from 11 European countries will compete on 12 November

Squirro 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 scale-ups, with deep tech products that leverage sophisticated, hard-to-reproduce digital technologies that fuel the digital transformation.

A total of 403 companies from 32 countries applied for the competition. They cover a variety of areas strategically chosen with respect to major digital trends and European leadership potential: Digital Tech, Digital Industry, Digital Cities, Digital Finance, and Digital Wellbeing. The twenty best companies are invited to an exclusive online final event on 12 November to present their technology to an international expert jury of corporates and investors.

Squirro will compete against nineteen other European deep tech scaleups. Five winners will be awarded and receive a full year of support by the EIT Digital Accelerator worth €50,000 to grow their businesses in Europe and beyond. The first prize winner will receive an additional cash prize of €100,000.

The EIT Digital Challenge takes place for the seventh consecutive year. Since its launch in 2014, the competition has received a grand total of 2500 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.