Every year, the EIT Digital Challenge honors the best European startups in five categories. This year, Munich-based startup Cleverciti Systems can count itself among the lucky winners. In addition to a €50,000 cash prize, the company will also receive a one-year membership in the EIT Digital Accelerator worth €50,000.
The Winner of the Munich Startup Award 2016, Cleverciti Systems, can also celebrate first place in the 'Best Digital Cities Scaleup' category at the EIT Digital Challenge.
"We congratulate Cleverciti, who have prevailed against very strong competition from across Europe. […] The search traffic that Cleverciti has declared war on is a huge problem for inner cities. Not only does it increase the car journey time, but it also causes an estimated 1.3 kg of CO2 emissions per parking search,"
commented Dominik Krabbe, Head of the EIT Digital Challenge, on the Munich-based startup's win. To successfully apply for the EIT Digital Challenge, the scaleups had to be headquartered within the EU and have a minimum turnover of €300,000 in 2016. They also had to be less than 10 years old.
Increased focus on growth and sales
The Munich startup Cleverciti Systems Founded in 2012, the company, which employs nearly 40 people, has developed a sensor technology that displays available parking spaces and also reduces search traffic and environmental pollution. The patent-pending Cleverciti sensors from the company, which was founded in 2012, scan the parking spaces along the streets every second and send real-time occupancy data to parking operators and drivers.
"So far we have set up 38 installations in 20 different countries“,
says Maximilian Venhofen, Director of Business Development at Cleverciti. He continues:
"Acquiring customers and building a business in different countries requires a lot of resources. With the support of the EIT Digital Accelerator, we now have the opportunity to accelerate our international growth and sales efforts.."
Membership in the EIT Digital Accelerator
The win brings Cleverciti Systems a cash prize and a one-year membership in the EIT Digital AcceleratorThe EIT Digital Accelerator consists of a team of 40 business developers and finance experts operating from 13 different countries across Europe, including one office in Silicon Valley. Since 2012, they have supported a total of 260 scaleups in entering new markets and raising over €90 million in venture capital. The total investment volume of all accelerator alumni is almost €300 million.
