News Feed Item

EIT Digital - Global Outlook Key to Delivering Digital Innovation

BRUSSELS, March 21, 2017 /PRNewswire/ --

On the occasion of its 2017 Annual Conference, bringing together Europe's leading digital scaleups, industries and academic institutions, EIT Digital announced the organisation's 2016 results, articulated the direction the business will take in 2017, and highlighted global orientation as the main requirement in driving Europe's digital transformation.

Willem Jonker, CEO of EIT Digital, today welcomed leading figures from the European innovation ecosystem at EIT Digital's Annual Conference. Mr. Jonker outlined the results of the organisation's investment in digital innovation and entrepreneurship, and announced a number of initiatives which will see EIT Digital reinforcing its role as the catalyst driving the digital transformation across Europe and beyond. The event, now in its 2nd year, brought together over 40 digital innovators demo-ing their products, EIT Digital's industrial partners, academic and research institutions, and policy makers under one roof at the EGG Conference Centre in Brussels.

Delivering on our 2016 promises  

The value and impact created by EIT Digital's results in 2016 were highlighted in the Annual Report, published on March 20. In the area of Innovation and Entrepreneurship, 2016 saw nine new companies created; 75 products and services commercially launched; over 120 startups coached by the EIT Digital Accelerator, and €22m in capital raised for Accelerator-supported startups. In Entrepreneurial Education, more than 500 Master School and 140 Doctoral students were enrolled. Over 20 courses launched for professional students and 20,000 students have followed an EIT Digital MOOC.

Increasing Impact in 2017 

"The 2016 results make us confident that we are on the right track to becoming the enduring, sustainable and transformative organisation Europe needs to drive digital innovation," stated Mr. Jonker. EIT Digital plans to invest €300 million in Innovation and Entrepreneurship as well as Entrepreneurial Education in nine European countries over the course of 2017. The expected outcomes are:

Increased impact in acceleration of European Innovation 

  • a 50% increase with respect to 2016 in delivering new products and services to the market - a total of 110 is expected to be delivered in 2017
  • a 20% increase in the number of ventures created from Innovation Activities
  • an intake of at least 60 new scaleups for the EIT Digital Accelerator
  • increased revenue for the scaleups in the Accelerator portfolio - expected to reach an average of €3.5m in 2017
  • doubling of the total valuation of the portfolio with respect to 2016

Enhanced Entrepreneurial Education offerings 

  • intake of a minimum 400 new students in the Master School
  • intake of 40 new Industrial Doctoral students
  • deployment of several MOOCs and SPOCs (Specific Personalised Open Courses) in online education programme
  • deployment of two micro-master programmes on Coursera (Embedded Systems and Data Science), where the first six months can be taken on-line
  • offering of 10 Summer Schools in nine countries including for the first time, a Summer School organised by one of our ARISE partners (Portugal)

Ongoing commitment to fostering innovation across borders 

  • The signing a Memorandum of Understanding (MOU) on March 21 with the European Startup Network, will see the two organisations working together to stimulate startups and scaleups to internationalise in Europe and beyond.
  • EIT Digital will be co-organising in September 2017, Startup Europe comes to Silicon Valley (SEC2SV) to bring together EU policy makers, startups, European scaleups and corporations to meet Silicon Valley stakeholders.
  • EIT Digital is also a co-organiser of the  2017 Startup Nations Summit (20-22 November alongside the Estonian Ministry of Economic Affairs and Communications and Startup Estonia.

Talking at the conference, Mr Jonker said:

"Events like these demonstrate the wealth of innovative entrepreneurship we have in Europe. It's important to come together like this not only to showcase the pioneering work being done to drive digital transformation, but to celebrate the diversity and breadth of the talent making it happen. Europe's digital transformation could boost GDP by €2.5 trillion over the next decade. But the key to us getting there lies in having a global outlook.

"All our initiatives have this global outlook at their core. Innovation thrives on the transfer of people, knowledge and ideas. It's in EIT Digital's DNA, it's at the heart of our Innovation and Entrepreneurship and Entrepreneurial Education programmes."

About EIT Digital 

EIT Digital is the leading European open innovation organisation. Our mission is to foster digital technology innovation and entrepreneurial talent for economic growth and quality of life in Europe. EIT Digital brings together entrepreneurs from a partnership of over 130 top European corporations, SMEs, start-ups, universities and research institutes. EIT Digital is a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT). The headquarter is in Brussels with co-location centres in Berlin, Budapest, Eindhoven, London, Helsinki, Madrid, Paris, Stockholm, Trento, as well as a hub in Silicon Valley.

Edna Ayme-Yahil
Head of Communication, EIT Digital
T: +33-644-091-928
E: [email protected]


More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices t...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...