Project description
Business acceleration services for Europe’s startups
Introducing the new Virtual Accelerator Marketplace (VAM), designed to support joint business accelerator activities for Europe’s startups. It also aims to advance investment flows from net contributor regions towards ‘modest’ and ‘moderate’ ones. Developed by the EU-funded BEYOND project, VAM will test a self-sovereign digital identity scheme (funding passport) available to startups independent of which accelerator they join. Moreover, a joint platform will allow online acceleration and provide a framework for the efficient development of startups. BEYOND will also focus on sharing specific offers from the different project participants and resources; it will develop an incentive structure where all partners benefit from high-quality startups developing their services, and create a cross-region marketplace for fundraising.
Objective
BEYOND aims to achieve a more interconnected European business acceleration industry in between ‘modest’ or ‘moderate’ and ‘strong’ or ‘leading’ acceleration ecosystems in Europe, and therefore directly contribute to foster the rise of investment flows from net contributor regions (leaders) towards ‘modest’ and ‘moderate’ regions as net beneficiaries, which might provide one effective solution against the above referred undesired geographical gap. BEYOND project will focus on: 1.- Testing a Self-Sovereign Digital Identity scheme (funding passport) that start-ups get no matter what accelerator they join. Through the funding passport start-ups can document their journey and get access to additional funding; 2.- Building a joint platform for the core acceleration enabling online acceleration and a joint framework for how start-ups are most efficiently developed; 3.- Sharing specific offers from the different project participants and resources to increase the value for start-ups; 4.- Developing an incentive structure where all partners benefit from providing high quality start-ups and develop their services; 5.- Creating a cross-region marketplace for raising funding to start-ups so start-ups are not as dependent on the local investor landscape. These 5 elements constitute the backbone of BEYOND’s Virtual Accelerator Marketplace (VAM) a trust framework to support joint business acceleration activities that will contribute in a sustainable manner to enhance a balanced interconnectedness of private investment flows and thus, contribute to dramatically improve quality and outreach of business acceleration services in developing innovation ecosystems. The VAM will be tested through 2 editions of a joint acceleration program co-designed by 5 business accelerators backed on their own VC Funds, representing moderate (BG, LT, PL) and leading regions (DK, ES), that will select and support 2 cohorts of 20 Startups that will receive access to mentoring and VC investors.
Fields of science (EuroSciVoc)
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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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HORIZON.3.2 - European innovation ecosystems
MAIN PROGRAMME
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HORIZON.3.2.3 - Joint programmes close to innovators
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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.
HORIZON-CSA - HORIZON Coordination and Support Actions
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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) HORIZON-EIE-2021-SCALEUP-01
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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.
2100 Kobenhaven
Denmark
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.