Starting on March 20, European start-ups will be able to boost their business products and services thanks to the opportunities offered by the EUROPEAN DATA INCUBATOR (EDI)
The European Data Incubator (EDI) has a 5 million euros fund to support SMEs and new companies oriented to Big Data technologies. On March 20 it opens its second call.
The EDI project, financed by the European Commission through the Horizon 2020 programme, represents a great opportunity for entrepreneurship, given that it provides companies with a large technological infrastructure, data and non-refundable financing.
Each selected team could obtain up to 100,000 euros of non-refundable financing. For this, they have to apply to the call that will remain open until June 19. Within it, an evaluation process will be established, in which up to 50 teams will be selected to be invited to an event in Berlin within the first acceleration phase called “Explore”.
The 17 best teams will go to the second phase of “Experiment” in which they will draw up a business plan, a viable minimum product, and they will be evaluated at different milestones.
Finally, the top seven will culminate in the phase of “Evolve”, heavily oriented to promote the investment in the selected teams. For each phase there are some amounts committed: 5,000 euros for each of the first 50 teams, 80,000 additional for each of the 17 selected for the second phase, and 15,000 euros for each of the 7 finalist teams.
EDI will allow the participation of teams of entrepreneurs who do not yet have an incorporated SME. In the near future the incubator will be promoted in the Startup Olé event from March 26 to 28 in Salamanca and will have a stand at the FIWARE Global Summit in Genova from 21 to 22 May.
Interested companies must apply through a form (www.f6s.com/edincubator ); choose one of the proposed tracks and challenges (https://edincubator.eu/challenges/ ), include the equipment for the proposal, proposed product or service, Big Data technologies that will be used, business potential, growth strategy, etc. The documentation of the call is also available to be consulted.
During the process, the participating companies will have the coaching and support of ZABALA to successfully launch products and services to the market.
EDI supports entrepreneurship to boost Big Data
The main objective of the European Data Incubator project (EDI) is to promote Big Data among European companies. The University of Deusto leads the consortium of the initiative in which ZABALA Innovation Consulting also participates, as coordinator and evaluator of the calls for the project and which is made up of 20 entities from ten European countries. EDI will help and support companies and start-ups to avoid the obstacles they encounter when trying to develop strategies for the use and exploitation of data.
To do this, the incubator will host private data from a wide range of organizations. The data providers in this second call are Elektro Ljubljana, Energa, Migros, Sonae, Jot Internet Media, RACC, TU-Berlin, Ubimet, Virtual Power Solutions, EDP, EMASESA, Yapı Kredi Teknoloji, VRT NWS, Municipal Transport Company of Valencia, The International Association of Athletics Federations, IGT International Game Technology and Nipe Fagio. These organizations will define the business challenges that must be resolved with your data.
In addition, this second call will include forms of participation more flexible than in the previous edition, so that SMEs and start-ups can apply proposing their own challenges, making use of the data available in the EDI catalog or data from external sources to the project.