Turkiye made its mark on the EIT Jumpstarter program, which is organized to encourage promising early-stage startups in developing European regions and to help scientific ideas and innovations turn into successful businesses.
The sixth edition of EIT Jumpstarter, run by six societies affiliated with the European Institute of Innovation and Technology (EIT), was held with more than a hundred entrepreneurs from Central, Southern and Eastern Europe. The early stage projects, held in Krakow, Poland, where 42 finalists competed in 7 different categories, were awarded approximately 200,000 euros.
In the seven-month program, after in-depth studies on business modeling and business planning, the initiatives that made it to the finals; qualified for the Grand Final with their projects on health, food, raw materials, energy, urban mobility, manufacturing and sustainable inclusive living spaces.
We have previously shared with you the developments regarding the application processes of EIT Jumpstarter 2022, which is organized to support early stage initiatives.
Dora Marosvolgyi, Regional Strategic Innovation Projects Director of EIT Community, pointed out that more than 750 entrepreneurs participated in the program and created a success story with the additional financing they received in the last six years: “While some of the startups that participated in the program with clear and viable ideas received investment in their companies before the final, more than 45 of them formally formed companies and continue to expand.”
First Prize for FarMine startup project from Turkiye
The “FarMine” project from Turkiye was deemed worthy of the first prize in the raw material category in the program where a total of twenty-four enterprises were awarded. The project aims to maximize gold recovery from waste streams of conventional and small scale gold mines using a mobile processing plant.
The University of Warsaw, EIT Food’s Regional Innovation Program (RIS) Center, was selected as the “Best RIS Center”.
Source: Egirisim / Translated by Irem Yildiz