EIT Digital Partners with Neulogy to Grow Scaleup Ecosystem in Slovakia

BRUSSELS, October 26, 2017 /PRNewswire/ --

EIT Digital and Neulogy are proud to announce their new collaboration to help the Slovak innovation ecosystem develop further and play an increasingly important role in the European digital landscape.

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Neulogy is one of the leading companies that specialize in technology commercialization in the Central European region. With a strong track record of working with and building the local innovation ecosystem, Neulogy helps innovative startups launch their projects, seek funding and reach the growth stage. Neulogy also works with companies, academic institutions, and research centers to conduct world-class R&D and to commercialize technologies with market potential.

Neulogy will bring the skills and the expertise developed through its ten years of activity in Slovakia and the region. EIT Digital, meanwhile, catalyses digital innovation and entrepreneurship through a number of initiatives aimed at driving digital transformation across Europe and beyond. The common goal is to help the Slovak innovation ecosystem grow and play an increasingly important role in the international landscape by fostering Slovak startup access to European markets.

Fabio Pianesi, EIT Digital's Head of External Collaboration said: "We are excited about the prospects collaborating with Neulogy opens to EIT Digital. Working together, we will make unique chances available to local entrepreneurs to scale up their businesses internationally, and support the growth and European positioning of the entire Slovak innovation ecosystem."

Peter Kolesar, Neulogy CEO said: "The conditions for innovative companies in Slovakia have changed considerably since 2011, when Neulogy organized its first Startup Awards. An increasing number of start-ups have successfully scaled their businesses and expanded into European and global markets. Our specialization in technology commercialization and our close ties to many Slovak scaleups make our new partnership with EIT Digital an important milestone in the company's leading regional role in the sector."

Neulogy's strong track record includes setting up the first Slovakia-based management company to run a fully regulated seed and venture capital fund (Neulogy Ventures), designing collaborative research centers, establishing and organising the country's largest startup and innovation event (Startup Awards) and leading international projects to support the global expansion of startups and business-academia collaboration.

The collaboration between Neulogy and EIT Digital takes place within ARISE Europe, EIT Digital's implementation of the EIT Regional Innovation Scheme (RIS). ARISE Europe is designed to stimulate regional growth in EU countries where EIT Digital is not physically present with a node. Its objective is to connect local and regional innovation centres and their ecosystems to EIT Digital's Europe-wide innovation and education ecosystem.

In the upcoming weeks, Neulogy will facilitate mutliple opportunities for meetings between EIT Digital representatives, Slovak policymakers and some of the most promising innovative companies from Slovakia. An important output of the cooperation between Neulogy and EIT Digital will also be a comprehensive study of Slovak innovation ecosystem and its evolution over the years. The final report will be published at the seventh annual Startup Awards in Slovakia on 1st of December.

About Neulogy

Neulogy is one of the Central European leaders in providing complex consulting services for research, development, technology transfer and commercialization. Neulogy mission is to help companies, academic institutions and research centers to conduct world class research and development that would bring economic and social benefits. Neulogy facilitates access to financing for R&D projects and innovative companies in all development stages from both public and private sources, as well as seed and venture capital through Neulogy Ventures. Neulogy also offer strategic advisory services in core areas of R&D issues, including public policy and institutional strategies.

About EIT Digital

EIT Digital is a leading European open innovation organisation that brings together a partnership of over 130 top European corporations, SMEs, start-ups, universities and research institutes. EIT Digital invests in strategic areas to accelerate market uptake of research-based digital technologies and to bring entrepreneurial talent and leadership to Europe.

EIT Digital is a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT). EIT Digital headquarters are in Brussels with co-location centres in Berlin, Budapest, Eindhoven, Helsinki, London, Madrid, Paris, Stockholm, Trento and a hub in Silicon Valley.

Communications ARISE

Alexis Poulin

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SOURCE EIT Digital