ReedsyProject ID: 734046
H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
Connecting authors and publishers with the world`s best publishing professionals to create high-quality books
Total cost:EUR 1 581 872,50
EU contribution:EUR 1 107 310,75
Coordinated in:United Kingdom
Call for proposal:H2020-SMEINST-2-2016-2017See other projects for this call
Funding scheme:SME-2 - SME instrument phase 2
Reedsy is the world’s only curated self-publishing digital marketplace, connecting authors with the world`s best freelance publishing professionals, who, working together collaboratively, using Reedsy’s well-integrated set of online editing and publishing tools, can create high-quality books, beautifully designed and typeset, and promote them to a wide audience through multiple channels. It is the only digital marketplace from Europe of its kind that can compete with the major global publishing platforms such as Amazon, offering high quality self-publishing at a competitive cost point, and thereby enabling both (i) the growth of Europe’s creative economy in this creative industry pillar and (ii) supporting Europe’s authors and creative minds to find a global audience in a hyper-competitive publishing world. Reedsy’s innovation excellence was rewarded by awarding them the 2016 The Quantum Publishing Innovation Award, one of Europe’s top innovation awards for the publishing industry.
With more than 10,500 authors signed up already, and 750 books created, Reedsy is now planning to expand with the support of the SME Instrument by developing (i) Reedsy for Publishers, a version of their marketplace that will be designed to address publishers’ requirements, as well as (ii) Reedsy Discovery, a powerful suite of pre-publication marketing tools integrated with its already existing and very popular, Book Editor.
The company will use the funds to develop and test the functionalities and undertake partnership building efforts with key partners in the publishing ecosystem as a crucial component of its expansion strategy, and based on the recommendation of a patent expert as well as devise and implement its IP strategy to protect its innovation.
EU contribution: EUR 1 107 310,75
69 WILSON STREET