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Targomo Enters German Accelerator’s US Program and EIT Digital Challenge 2020 Finals

By Targomo | 12 October 2020

Targomo has been selected for the finals of the EIT Digital Challenge contest, an EU-backed competition of this year's best deep tech scale-ups.

As summer draws to a close and autumn takes over, Targomo is roaring ahead. The Berlin location intelligence startup is delighted about two recognitions: Firstly, the participation in the renowned German Accelerator program, and secondly the selection as finalist to compete in the EIT Digital Challenge 2020, Europe’s flagship competition for Deep Tech scaleups.

Together with 12 other German start-ups, Targomo is part of the German Accelerator U.S. Class 2020-4. Participation in the virtual German Accelerator program promises to be the beginning of an expansion journey into the US market for Targomo. The in-depth program is designed to help mid- and later-stage startups to enter international markets. During an intense mentoring phase of three months, the GA team will support Targomo with their experts in getting access to and entering international markets and innovation hubs.

German Accelerator is run by German Entrepreneurship GmbH and is supported by the German Federal Ministry for Economic Affairs and Energy (BMWi). It is their belief that investing in startups is a means to directly invest in innovation.

Targomo participates in the German Accelerator 2020 US program, together with twenty other German companies.

Targomo has also been selected by EIT Digital as a finalist in its renowned pan-European competition EIT Digital Challenge. EIT Digital is part of the EIT (European Institute of Innovation and Technology), an EU body which fosters innovation and entrepreneurship. The competition focuses on startups in growth stage, so called scaleups, 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 have been invited to an exclusive online final event on 12 November to present their technology to an international expert jury of corporates and investors. Stakeholder of the digital innovation ecosystem (corporates, investors, journalists and EU institutions) who would like to join the final event can apply here.

Targomo will compete against nineteen other European deep tech scaleups. Five winners will be awarded and receive a full year 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.

Stay tuned for the outcomes of the program and the competition!

EIT Digital is part of the EIT (European Institute of Innovation and Technology), an EU body which fosters innovation and entrepreneurship.


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