"""Solar BabySitter""- technology to change solar world"

Project Information

SOLAR BABYSITTER

Grant agreement ID: 101114041

DOI

10.3030/101114041

Project closed

EC signature date 31 May 2023

Start date 1 June 2023

End date 29 February 2024

Funded under

• European innovation ecosystems

Total cost

No data

EU contribution

€ 75 000,00

Coordinated by

UAB REDIGA
Lithuania

Periodic Reporting for period 1 - SOLAR BABYSITTER ("Solar BabySitter"- technology to change solar world)

Reporting period: 2023-06-01 to 2024-02-29

Summary of the context and overall objectives of the project

Project aims to get REDIGA to the stage of an investment ready company with a strong business partner network, while at the same time empowering and motivating women to choose career in STEM fields, especially in the PV sector.
Overall project objectives are threefold:
- Through mentoring and coaching, have REDIGA’s team gain the skills and knowledge needed in business models, fundraising and growth strategies, in order to upgrade the product, SOLAR BABYSITTER, fast enough to be at the forefront of this market sector.
- To develop a wide and strong business partner network, for both market validation campaign and further partnerships, through various pitching and networking events organized by InvestEU, EEN, EIC Woman Leadership Programme and others.
- To catch the attention of tech-savvy women for them to consider STEM fields, and especially the PV sector as a career option. We believe the PV field would benefit greatly from more diverse voices and minds.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

During the project we defined innovative business model, performed market and competitor analysis, market positioning, identifying growth opportunities, and outlining the steps that will lead to a sustainable success. We have also compiled a list of certifications needed for Solar Babysitter product to enable access to different global markets within and outside of the EU. In addition, investment and patent analyses were performed, investment strategy was developed. Diverse knowledge gained during the implementation of the project was used in the preparation of the Product Exploitation Plan.
Project team underwent extensive coaching and mentoring courses, that allowed to use the networking events more efficiently for the company, product, and project needs, as well as develop a wide network of contacts for both joint RTD activities and partnering in business.
The Pitch deck presentation for investors, technological and business growth roadmap, product exploitation plan, as well as soft skills developed through coaching and mentoring are the main tangible achievements.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

Solar Babysitter project has successfully built the prerequisites for turning REDIGA into an investment ready company.

During the project a wide range of mentoring and coaching services allowed REDIGA team members to develop not only the skills and knowledge, but also a business and growth strategy, as well as determine fundraising options for fast market uptake of our innovative product and accelerated growth of the company.

Intense networking campaign of actively participating in conferences, business/science missions & B2B networking workshops, pitching events, B2B direct visits and meetings (organised by InvestEU, EEN and EIC Woman Leadership Programme, and others) has significantly expanded our partner network, and has led to joint RTD activities and close partnerships for further developing our product and increasing it’s TRL. Personal connections made throughout this project has already resulted in multiple collaborations on funding applications and RTD projects.

Our extensive dissemination campaign through social media and active participation in women leadership groups and programmes has been significantly more successful than expected at the start of the project, not only promoting the project but also women’s work and leadership in STEM and STEM based business.