Analysis

UiPath launches new competition for CEE automation start-ups

UiPath, a market leader in Robotic Process Automation (RPA), has announced the launch of the UiPath Automation Awards 2019 – a competition targeted to B2B automation software start-ups from the CEE region. Running until October, the contest will award 50,000 euros in cash to the winner during a ceremony hosted at the How to Web conference in Bucharest, Romania.

The awards are split into two categories: start-up automation, for existing teams with a viable automation product and a maximum funding of one million US dollars, and scale-up automation for companies paying customers, a solid team, and a maximum funding of three million US dollars.

“We at UiPath have not forgotten that, despite our current seven billion US dollars evaluation, not long ago we were a struggling Romanian start-up 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 realise their dreams,” said Vargha Moayed, chief strategy officer at UiPath.

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, Slovakia, Slovenia, Ukraine, and Turkey) is eligible. Applications can be made here.