Project description
European data incubator for start-ups and SMEs
Many SMEs face numerous problems when attempting to develop a comprehensive data strategy: lack of access to private corporative data sets; access to the actual needs of the corporations having those data sets; access to venture capitalists and investors willing to bring forward their solutions or seed equity-free funding. The EU-funded EDI project aims to help them overcome these barriers by providing a free infrastructure with open-source tools, training on off-the-shelf solutions, business services to develop their business idea and equity-free funding. EDI will boost the European data economy by fostering a community consisting of data providers, innovators, tech/business experts, investors, universities and corporations, with an end goal of connecting European start-ups and SMEs to a vibrant network.
Objective
Only 2 out of the top 20 companies changing lives and making money out of Big Data are European. Europe is not playing the role it should in the global market. European Data Incubator project aims to revert this situation. Every company is born as a startup, and Big Data has already proven to be a disruptive technology that can provide substantial changes in traditional and innovative domains.
Many SMEs are facing a number of problems when attempting to develop a sort of comprehensive data strategy. The tools required to make successful data management an achievable prospect often require an up-front capital investment. The data remains in silos and its availability or cross-domain value is still unperceived.
EDI will help them jump this hurdle providing (1) a free infrastructure with open source tools (2) training on the most known off-the-self solutions (3) support and business services to develop their business idea and (4) equity-free funding.
The main objective of the project will be to leverage the technology and knowledge on Big Data across countries and sectors thanks to the incubation of start-ups/SMEs who use Big Data open source tools oriented to sort out major challenges in different business which facilitate their data assets.
An experienced consortium will be behind EDI. It is comprised by experts on Big Data technologies, the managers of several acceleration initiatives within the FIWARE Accelerate programme, existing incubators like Deusto Entrepreneurship Centre and etventure Seed Lab and the largest online network for start-ups (F6S). Moreover, 16 data providers, from Finance, Transport, Industry 4.0 Retail, Media&Content, Energy, etc. will provide data to the incubation process.
We expect to incubate around 120 companies under a 3-phase incubation programme (funnel approach) launching 3 call for proposals and disbursing up to €5M equity-free and commiting to raise additional financing resources up to €15M for them from private investors mainly.
Fields of science
- engineering and technologycivil engineeringurban engineeringsmart cities
- social scienceseconomics and businessbusiness and managementinnovation management
- social scienceseconomics and businessbusiness and managemententrepreneurship
- natural sciencescomputer and information sciencesdata sciencebig data
- natural sciencesbiological sciencesecologyecosystems
Keywords
Programme(s)
Funding Scheme
IA - Innovation actionCoordinator
48007 Bilbao
Spain
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Participants (20)
Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure.
Participation ended
48007 Bilbao
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31192 Mutilva Alta Navarra
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
EC1V 2NX London
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
00144 ROMA
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10969 Berlin
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
34758 Istanbul
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28020 Madrid
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
08028 Barcelona
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3040-574 Coimbra
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
4470-177 Maia
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000 Istanbul
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28036 Madrid
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1220 Wien
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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
1000 Ljubljana
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3108 Pamplona
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2785599 Sao Domingos De Rana
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1043 Bruxelles / Brussel
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80 557 Gdansk
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41003 Sevilla
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10623 Berlin
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