EIT makes Entrepreneurship Award selection

Three new companies have been selected to compete for this year’s Entrepreneurship Award from the European Institute for Innovation and Technology (EIT).

The EIT made the selection from its three ICT Labs Knowledge and Innovation Communities (KIC). Six other competitors will be selected equally from the climate change and energy KICs. The winner will receive financial backing and professional assistance to enable the company to undertake promotional activities.

Speaking about the candidates, Klaus Beetz, business director of the EIT ICT Labs, said: “Entrepreneurship is at the very heart of the EIT ICT Labs vision and activities. The EIT Entrepreneurship Award is a therefore a great opportunity to highlight and encourage entrepreneurial ventures that are coached and supported by the Business Developers of the ICT Labs.”

The three companies selected are CoRehab, which supplies products to rehabilitation clinics; Quuppa, a technological firm offering tracking and monitoring technology solutions; and Volumental, which simplifies the creation of 3D people, objects and rooms through the world’s first cloud-based 3D scanner. The winner will be announced at a ceremony at the EIT’s headquarters in Budapest, Hungary, in November.

The EIT will support many of the objectives outlined in Horizon 2020 and will receive its funding from the next research and innovation framework programme.