News

Romania-founded tech unicorn UiPath launches competition for CEE automation startups

Romania-founded tech unicorn UiPath launches competition for CEE automation startups
Funding
Member News, Funding news

UiPath, the Robotic Process Automation (RPA) enterprise software company established by Romanian entrepreneurs, has launched a competition for B2B automation software startups in the CEE region.

The competition, called UiPath Automation Awards, is set to end in October of this year. It has two categories: Start-Up Automation Award and Scale-Up Automation Awards.

In the Start-Up Automation Award category, jurors will evaluate applications from existing teams with a viable automation product and a maximum funding of USD 1 million, while in the Scale-Up Automation Awards category companies with at least 3 paying customers, a solid team, and a maximum funding of USD 3 million.

The winner of the Start-Up category will receive a cash prize of EUR 50,000, mentoring hours with experienced executives within UiPath, and tech and marketing support. The Scale-Up category will award its winner with the introduction to at least 4 international customers from UiPath, tech and marketing support, and also with the opportunity to have its solution featured in the UiPath Immersion Labs all over the world.Read next

“We at UiPath have not forgotten that, despite our current USD 7 billion evaluation, not long ago we were a struggling Romanian startup working from a Bucharest apartment with a team of 10 people. We know how hard it is for a brilliant idea to become a great company. This is why today we want to extend a helping hand to the talented entrepreneurs in this region so they may also realize their dreams,” Vargha Moayed, Chief Strategy Officer at UiPath, said.

Applications in the competition will be assessed by jurors Elisabeta Moraru, Chief Executive Officer, Google Romania; Vargha Moayed, Chief Strategy Officer, UiPath; Boris Kumrey, Chief Robotics Officer, UiPath; Ondrej Bartos, Managing Partner, Credo Ventures; and Stephen Allott, Venture Partner, Seedcamp.

Any startup or early-stage automation company in the CEE region  (Albania, Belarus, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Moldova, Poland, Romania, the Slovak Republic, Slovenia, Ukraine, and Turkey) is eligible to apply. The deadline for applications is September 2, 2019.

NEWS​

Related News

Scaling Up Digital Health Innovations: An Interview with Anne Moen

23 May 2024
An exclusive interview on overcoming challenges and seizing opportunities in healthcare technology deployment at HLTH Europe

The Convening Power of ECHAlliance: Spanish Ecosystem Gathering

21 May 2024
How ECHAlliance's convening power brought together Spanish health innovators for unprecedented networking and knowledge sharing

Creating the action plan for the Baltic-Nordic biotech cluster

21 May 2024
Fill in the survey for the BIOCONNECT EU Project and help our Lithuanian Ecosystem to develop an integrated innovation action plan for a more intercon...

A Shift to Value-Based Procurement in Digital Health Solutions

16 May 2024
The shift towards value-based procurement in healthcare, focusing on long-term effectiveness and patient outcomes, rather than initial costs. The Dire...

Launching Moxiam+: the digital companion for an active and independent senior lifestyle

16 May 2024
Embark on a journey with Sweden-based Moxiam, the vanguard of digital health innovation dedicated to enriching the lives of seniors. Moxiam leverages ...

Romania – Transylvania Digital Health Ecosystem by FreshBlood is ECHAlliance Ecosystem of the Month – May

15 May 2024
This month we are featuring our Transylvania Digital Health Ecosystem by FreshBlood from Romania as our Ecosystem of the Month.

Become a member

Join ECHAlliance to amplify your organisation’s message, grow your networks, connect with innovators and collaborate globally.
 
First name *
Last Name *
Email Address *
Country *
Position *
First name *
Last Name *
Email Address *
Country *
Position *