This is the second open call for proposals for the European Data Incubator (EDI). There is €100k available for big data start-ups who are ready to grow – solve a real-life data challenge and also benefit from training and workshops, mentoring from dedicated coaches, and direct access to large European corporates.
The objective of the EDI programme is to facilitate the uptake of Big Data tools by the start-ups while increasing the technical and business skills of the selected start-ups/SMEs.
The final aim is to foster sustainable business incubation around Big Data. Any project selected by EDI must be executed by a start-up or an SME and it is obliged to make use of a set of data assets for experimentation as defined in any of the tracks of this Open Call for proposals.
There are three ways to take part in European Data Incubator:
- Pick one of EDI’s ‘ready-made’ challenges, where the challenge, data sets and data providers are all pre-defined by EDI, ready for you to solve
- Bring your own challenge, but solve it using one EDI data set and one external data set
- You are free to propose your own challenge, and solve it working with your own data provider and external data sets
SME/start-up legally established in one of the eligible countries described below.
SMEs must comply with the Commission Recommendation 2003/361/EC and the SME user guide.
They must fulfill these criteria:
- Headcount in Annual Work Unit (AWU) less than 250
- Annual turnover less or equal to €50million or annual balance sheet total, less or equal to €43m
- Only one proposal per SME is allowed.
Group of individuals
When there is not a constituted SME, the applicants could be a group between two to four individuals legally established in one of the eligible countries as described below. A written commitment to have set up a legally registered SME if reaching the second phase of the incubation (the “Experiment” phase) will be required.
Only applicants legally established, and working, in the case of the individuals, in any of the following countries will be eligible:
The European Data Incubator is an exciting incubation programme for Big Data start-ups and SMEs in Europe. What can expect if successful is:
- Mentoring from experts in your sector
- Workshops and datathons in new markets
- Up to €100k equity-free funding
- Free cloud environment for scalable data processing
- Direct access to major European corporates
Participation is free thanks to the European Union’s Horizon 2020 research and innovation programme.
Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.
Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.
We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.