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Stimulate ScaleUps to develop novel and challenging TEchnology and systems applicable to new Markets for ROBOtic soLUTIONs

Project description

Innovative support for European robotics companies

Robotics has made its way into various industries, including manufacturing, agriculture, healthcare and civil infrastructure. The EU-funded RobotUnion project aims to establish a unique and innovative acceleration programme to bring together research centres, business schools, large corporations and investors to support robotics companies operating in non-traditional markets such as healthcare, agrifood, civil engineering and manufacturing. The project's priority is to provide assistance to the 20 most promising European robotics companies that have introduced disruptive innovations to the robotics market. The goal is to reduce the costs associated with developing specific technologies for market entry. Additionally, the RobotUnion Community of 1 200 users will help promote the advantages in non-traditional markets.

Objective

RobotUnion will discover, support and fund 20 European Superstar Scaleups confirmed by top VC investors and global corporates of 4 new market domains for robotics: manufacturing, agriculture, healthcare, and civil infrastructure.

40 companies developing research will be selected out of a pan-European deal flow of 300 Scaleups through 2 Open Calls. The top 20 will join an acceleration program that will help them progress from TRL4 to TRL7 onwards. This 2 up to 16-months program will provide them with technical and non-technical support services:
• Ph-D in residence type of service (the so-called Technical Mentors and Researchers-in-Residence will provide access to knowledge in abilities such as configurability, adaptability, motion, manipulation, decisional autonomy, dependability, interaction, perception, and cognitive ability)
• Entrepreneur-in-residence type of support (provided by a pool of world-class training and high-level business mentoring complemented by fundraising mentors)
• A voucher scheme to provide access to facilities and technical services across Europe
• Up to €200K of free-equity funding for the best-in-class companies.

8 best-in-class companies will start a fundraising campaign led by the VCs and platforms in the consortium leveraging the €8M of public funding with additional €8M of private investment.

To this end RobotUnion counts on 5 premier-class RTOs specialized in Robotics at European Level to provide technical support; 4 corporates enabling access to new markets: MADE in Manufacturing, ARLA food in Agri-food, FENIN in Healthcare and FERROVIAL in Infrastructure; CHRYSALIX and ODENSE S&V, as VCs of references in robotics, to lead the fundraising campaigns.
Business support partners are FMWC (dissemination), FBA (open call management), ISDI (business acceleration) and BLM (fundraising and access to corporates).

RobotUnion will help demonstrate how Europe can lead disruption around Robotics and turn the EU into the EU of entrepreneurial states

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Programme(s)

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Topic(s)

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Funding Scheme

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RIA - Research and Innovation action

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-ICT-2016-2017

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Coordinator

TEKNOLOGIAN TUTKIMUSKESKUS VTT OY
Net EU contribution

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.

€ 600 500,00
Address
TEKNIIKANTIE 21
02150 Espoo
Finland

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Region
Manner-Suomi Helsinki-Uusimaa Helsinki-Uusimaa
Activity type
Research Organisations
Links
Total cost

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.

€ 600 500,00

Participants (16)

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