Q: How will the COVID-19 pandemic influence the competition?
Due to the COVID-19 pandemic, in 2020 the Innovation Prizes competition will be organised online.
Q: What stage of idea/startups is this competition for?
A: There is no exact formula for this. However, startups should note that this programme is aimed at early stage entrepreneurs and startups. If you have raised large amounts of investment (i.e. more than €100,000) or have large revenue streams (i.e. more than €50,000), this Prize is probably not for you. In fact, one of the criteria that your application will be judged upon is whether the Innovation Prize will be ‘catalytic’ in your startup's success. If you wish to discuss the individual situation of your startup, please contact us.
Q: Do I have to have an incorporated startup to apply for this competition?
A: No, you do not have to be incorporated to apply for the Innovation Prizes. We accept applications both from registered companies and entrepreneurs/teams who haven't yet oficially registered their startup.
Q: What is RIS?
A: RIS stands for Regional Innovation Scheme, which is a special funding scheme to support entrepreneurs and startups located in Eastern and Southern Europe. It is only available for residents and/or citizens of one of the following countries: Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia, Portugal, Spain, Turkey. Please note that only certain regions of Italy, Poland and Spain are eligible for this program (see the details in Terms and Conditions). With any questions about ineligible regions please email at firstname.lastname@example.org.
Q: I applied and became a finalist of the EIT Food RIS Innovation Prizes in 2018 or 2019. Can I still apply for the Innovation Prizes?
A: Yes, you can! However, winners of 2018 and 2019 editions of RIS Innovation Prizes will be considered ineligible (please read the complete eligibility criteria in the Terms and Conditions).
Q: Do I have to take part in the Demo Day?
A: Yes, you do. A minimum of one member of your team must participate in the online Demo Day and accompanying training. However, the more, the merrier!
Q: What does the training that accompanies the Demo Day consist of?
A: The training will be tailored to the needs of the startups participating. However, likely topics include pitch training, building strong relationships with investors, effective communication, funding sources and marketing.