Project description
European data incubator for start-ups and SMEs
Many SMEs face numerous problems when attempting to develop a comprehensive data strategy: lack of access to private corporative data sets; access to the actual needs of the corporations having those data sets; access to venture capitalists and investors willing to bring forward their solutions or seed equity-free funding. The EU-funded EDI project aims to help them overcome these barriers by providing a free infrastructure with open-source tools, training on off-the-shelf solutions, business services to develop their business idea and equity-free funding. EDI will boost the European data economy by fostering a community consisting of data providers, innovators, tech/business experts, investors, universities and corporations, with an end goal of connecting European start-ups and SMEs to a vibrant network.
Objective
Only 2 out of the top 20 companies changing lives and making money out of Big Data are European. Europe is not playing the role it should in the global market. European Data Incubator project aims to revert this situation. Every company is born as a startup, and Big Data has already proven to be a disruptive technology that can provide substantial changes in traditional and innovative domains.
Many SMEs are facing a number of problems when attempting to develop a sort of comprehensive data strategy. The tools required to make successful data management an achievable prospect often require an up-front capital investment. The data remains in silos and its availability or cross-domain value is still unperceived.
EDI will help them jump this hurdle providing (1) a free infrastructure with open source tools (2) training on the most known off-the-self solutions (3) support and business services to develop their business idea and (4) equity-free funding.
The main objective of the project will be to leverage the technology and knowledge on Big Data across countries and sectors thanks to the incubation of start-ups/SMEs who use Big Data open source tools oriented to sort out major challenges in different business which facilitate their data assets.
An experienced consortium will be behind EDI. It is comprised by experts on Big Data technologies, the managers of several acceleration initiatives within the FIWARE Accelerate programme, existing incubators like Deusto Entrepreneurship Centre and etventure Seed Lab and the largest online network for start-ups (F6S). Moreover, 16 data providers, from Finance, Transport, Industry 4.0 Retail, Media&Content, Energy, etc. will provide data to the incubation process.
We expect to incubate around 120 companies under a 3-phase incubation programme (funnel approach) launching 3 call for proposals and disbursing up to €5M equity-free and commiting to raise additional financing resources up to €15M for them from private investors mainly.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology civil engineering urban engineering smart cities
- social sciences economics and business business and management innovation management
- social sciences economics and business business and management entrepreneurship
- natural sciences computer and information sciences data science big data
- natural sciences biological sciences ecology ecosystems
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IA - Innovation action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-ICT-2016-2017
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
48007 Bilbao
Spain
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.