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News January 26, 2021

Future Unicorn Award 2021

On 26 January, DIGITALEUROPE – Europe’s largest trade association representing the digitally transforming industries – has announced the three finalists in its annual ‘Future Unicorn Award 2021’ and Exeger from Sweden is one of them. 

The Future Unicorn Award

Running for the fourth year in a row, the ‘Future Unicorn Award’ is the Eurovision of young tech companies. The Award celebrates scale-ups from across Europe that have the potential to become the future European tech giants. It is compiled in collaboration with DIGITALEUROPE’s national trade associations representing the digital and technology sector.  This year, 21 truly inspiring companies from 17 European countries were nominated for the award, from a variety of sectors, including financial technologies, education technologies, e-health, energy, security and more. The three finalists are:

Exeger from Sweden – The inventor and producer of a patented solar cell technology called Powerfoyle, which can be integrated in everyday products to improve people’s lives.

Ocean Sun from Norway – A solution provider and design architect for floating solar power plants.

Oncompass Medicine from Hungary – An AI-based medical software to choose the right targeted cancer therapy for every patient.

The winner will be announced by Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth, on 4 February 2021 at DIGITALEUROPE’s flagship conference Masters of Digital, held virtually this year.

Why European unicorns matter

“Unicorns” are scale-ups valued at over one billion dollars. In the modern economy, digital companies get exponential advantages as they scale, as their economic value also rises. Unicorns are usually a good indicator of who will likely become a future tech giant. 

The Future Unicorn Award is a great opportunity to showcase aspiring European scale-ups that have the potential to become future unicorns, highlighting that Europe has what it takes to become a digital leader. Today, approximately 12 per cent of the world’s unicorns are based in Europe. While this is a significant growth compared to only 6 per cent in 2014, it is nowhere near enough. DIGITALEUROPE has set a goal for Europe to become home to at least 25 per cent of world’s unicorns by 2025 among its success indicators for digital leadership. 

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Published January 26, 2021