ecoSystems Connected to AcceLerate and Encourage European Union start-uPs with high Potential

Informations projet

Scale-EU2p

N° de convention de subvention: 780842

DOI

10.3030/780842

Projet clôturé

Date de signature de la CE 22 Decembre 2017

Date de début 1 Decembre 2017

Date de fin 31 Octobre 2020

Financé au titre de

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Coût total

€ 1 513 612,19

Contribution de l’UE

€ 1 423 228,75

Coordonné par

SYSTEM@TIC PARIS REGION
France

Periodic Reporting for period 2 - Scale-EU2p (ecoSystems Connected to AcceLerate and Encourage European Union start-uPs with high Potential)

Période du rapport: 2018-12-01 au 2020-10-31

Résumé du contexte et des objectifs généraux du projet

DeepTech4Good (scale eup2) was a pionneering project focused on accelerating deep tech start-ups especially the ones mixing digital innovation linked with innovation embedded in hardwares.
The goal was to drag light and interest toward deep tech and accelerate deep tech potential unicorns through a better access to European markets.
4 B2B markets were targeted: health, industry 4.0 mobility and smart cities.
The project gathered 4 hubs: Austria, Bade-Wurtenberg, Catalonia, and Paris Region.

Prior to accelerating start-ups there were 2 objectives:
- getting interest to deep tech and its specificities
- selecting the start-ups.

Acculturing stakeholders was reached through a venture funds committee and through the participation of large events to discover use cases and ventures around challenges and pitching sessions.
The 4 Deep Tech 4 Good events

Selecting the start-ups was realized through contests adverstised on F6S and then enlarged to more start-ups.

The key objectives of the project, in supporting start-up acceleration, are:

1) Validating market strategy and tuning it with financial strategy
2) Reinforcing market leads by opening doors in hubs and in Europe - through direct contact, challenges and portfolio approach
3) Attracting private and public finance: getting funds both private and public to fuel the ventures

Travail effectué depuis le début du projet jusqu’à la fin de la période considérée dans le rapport et principaux résultats atteints jusqu’à présent

"The project set-up a dynamic of growth around 200 deep tech start-ups.
This massive number helped us to get funds to better understand the specifities of these ventures in which they were partly reluctant to invest at the beginning of the project.
The program thus as a pionnering program encouraged the use of the word ""deep tech"" and advertised through 4 events - on in each hub.
A dynamic was created around the 200 start-ups portfolio:
- investors' day in Paris
- collecting challenges to access market and obtain specifications for needs from major players
- job ads trough linkedin
This encouraged the search for public funded innovation projects and for more visibility (like events in Deep Tech week)
As necessary, we coached and review strategy especially when dealing with public funded innovation projects
32 start-ups got custom made acceleration."

Progrès au-delà de l’état des connaissances et impact potentiel prévu (y compris l’impact socio-économique et les conséquences sociétales plus larges du projet jusqu’à présent)

The KPIs of the projects were:
to create a dynamic around 200 start-ups portfolio. Our portfolio was 198 scale-ups
to lead to 30 successful fund raising. 53 raised funds with an average of about 2000 k€ raised.
to get ideas for 6 public funded projects and get 3 financed. 80+ were deposited and about 50 financed
to lead to 40 partnerships with major players - 100 partnerships were obtained especially through public funded projects.

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