Project description
Advanced technology rating system to evaluate innovations
The European innovation ecosystem can benefit from technologies that can help detect the risks associated with high-potential projects to allocate the necessary resources. For this, innovative and accurate rating tools are urgently needed. The EU-funded InnoTechRate project will adapt 100 % data-driven and AI-powered technology rating tools, already developed by The Innovation Loop, and embed them on a digital platform. The innovative tools will reduce information asymmetry and cognitive biases between innovators and private and public funders in evaluating innovations. InnoTechRate will design this digital platform as a hub, linking project holders, investors, intermediary organisations and experts. This will allow project beneficiaries to perform a technology rating of innovation projects easily and rapidly.
Objective
The InnoTechRate project aims at reducing information asymmetry and cognitive biases between innovators and private and public funders on the evaluation of innovations. This will strengthen the capacity of the European innovation ecosystem to support innovative deeptech start-ups, through a better identification of high potential projects in relation to risks, and allocation of resources to highly innovative projects.
In this perspective, the InnoTechRate project will adapt technology rating tools already developed by The Innovation Loop and embed them on a digital platform. This digital platform will be designed as a hub, linking project holders, investors, intermediary organisations and experts. This platform will allow project holders and investors to perform a technology rating of innovation projects in a simple and fast way.
The technology rating system will be 100% data driven and will be powered by artificial intelligence. This will allow the objectiveness in the collection, the checking and the analysis of all data related to innovation projects. A link to traditional financial rating will be explored. A free and on-line version of technology rating tools will be made available.
The InnoTechRate project will also develop a reference framework for the technology rating of innovation projects based on a consensus of European stakeholders and integrating the European societal and environmental challenges. This common reference framework should be common for project holders and investors. It holds the ambition to become an accepted standard and norm within the European innovation ecosystem.
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.
- natural sciences computer and information sciences artificial intelligence
- social sciences economics and business business and management innovation management
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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.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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HORIZON.3.1.3 - Additional EIC activities
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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-EIC-2022-AIBTRTOOL-IBA
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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.
59000 Lille
France
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.