A new season of the Champions League of Tech has begun with the return ofTECH5 Europes hottest scaleup contest.
Over the next five months, TECH5 will showcase the continents future stars.
Applications for the tournament opened this week.
Promising scaleups from across the continent have been invited to submit their entrieshere.
A range of prizes are at stake, from media coverage to VIP passes to TNW Conference.
Companies need to act fast though the system window slams shut on February 28.
It’s free, every week, in your inbox.
The selected participants will join an illustrious list of TECH5 graduates.
A total of 588 companies are TECH5 alumni.
Since entering the contest, theyve experienced tremendous success.
Revolut, for instance, went on to become Europesmost valuableprivate tech firm.
Deliveroo, meanwhile, enjoyed thebiggest flotationon the London Stock Exchange for a decade.
Collectively, TECH5 finalists have raised over 10bn.
Arbo Robotics, a pioneer in automotive radar, is one of many winners that have attracted big investments.
Shlomit Hacohen, Arbos Chief Marketing Officer, credited TECH5 with accelerating the companys rise.
TNWs TECH5 is exceptional at identifying companies with the potential for market success.
This years nominees will enter a revamped competition.
Like the Champions League of football, the tournament rules have been tweaked to improve the results.
The contenders will be evaluated on upgraded criteria.
Alongside company and team growth, the judges will now assess a new metric: impact.
The change aligns with broader trends in the ecosystem.
Companies are now increasingly judged by their impacts and solutions to big problems.
Thats not only wishful thinking just look at the strategic shifts of businesses, investors, and policymakers.
Major funds are now flowing towards scaleups that address important issues.
Government regulations are encouraging the momentum.
TECH5 plans to stimulate the progress further.
Yeni Joseph, TNWsHead of Ecosystem Strategy & Partnerships, expects this years edition to deliver a powerful boost.
The spotlight will shine on a range of locations.
Then apply to enter TECH5 viathis link.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
