The action will use intelligence from the Innovation Radar platform[[https://www.innoradar.eu/]] to: facilitate tech due diligence and the building of new ventures based on high-potential innovations and upscaling of HE-funded startups. This will in particular include matching of EU-funded innovations and the innovators behind them with finance and growth opportunities offered by investors, other European funding programmes (including the Digital Europe Programme and EIC), innovation procurement and corporate innovation ventures.
Specific support will be devoted to pilot tech due diligence and venture-building services[[As foreseen in the European Commission’s SME strategy (published 10.03.2020).]]. The services to be piloted will allow investors to better valuate the technology behind innovations, enable more precise valuations of digital start-ups and prepare their investment readiness. The tech due diligence services will deliver a benefit to spinoffs, startups and scale-ups by improving their access to finance. The pilot will also implement ‘venture-building’ approaches to dramatically increase the number of new ventures created on the basis of technological breakthroughs that may otherwise be at risk of remaining ‘in the lab’ despite their market or disruptive potential.
The focus is on strategic digital and industrial technologies.
The cross-cutting action will act as a catalyst to fulfil the potential of startups, in particular those who have secured EU funding (Horizon Europe and Horizon 2020), in delivering market-ready applications and technology solutions that can contribute to the competitiveness and open strategic autonomy of EU industry in key technology areas and value chains. It is foreseen that the communities targeted by the action(s) will contribute to developing applications that foster climate-neutrality, the circular economy, clean industry and user-centric technology development, while also encouraging inclusiveness, and incorporating European social and ethical values.
In this topic the integration of the gender dimension (sex and gender analysis) in research and innovation content is not a mandatory requirement