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CORDIS

Empowering New Venture Growth - RDNA

Project description

A modular software solution for startups to grow

Today’s global entrepreneurial ecosystem is giving rise to start-ups. These ventures are flexible and currently on the rise. However, new knowledge, predictive analytics and improved industry practices will encourage faster and more successful growth of start-ups. The EU-funded RDNA project will elaborate predictive analytics for a better knowledge of the success and growth of start-ups. RDNA is a modular software solution that permits newly founded start-ups to grow by detecting, increasing and forecasting new business initiatives. The project will develop two highly advanced solutions that propose concrete actions based on the specific characteristics of each start-up and to predict targets that permit success to the venture.

Objective

We are an Amsterdam-based startup with the ambition to help startups translate their ideas into successful businesses by using cutting-edge scientific knowledge, predictive analytics and industry best practices. RocketDNA is a modular software solution that empowers incubators to build a portfolio of fast-growing businesses through tracking, improving and predicting new venture performance. At the same time, it enables early-stage startups to grow in a professional and structured way while improving communication, knowledge exchange and transparency in the relationship with incubators. We employ a highly co-creative approach to product development, comprising frequent client interactions and close collaborations. Our goal is to use predictive analytics to integrate and evaluate various success factors that help better explain venture growth. We will use the feasibility study to develop two highly innovative features for our software that are part of our product strategy and enable us to scale up rapidly. These two solutions comprise a) the (automated) recommendation of concrete action to startups based on their idiosyncrasies and b) the prediction of scores, reflecting the overall likelihood of startup success.

Call for proposal

H2020-EIC-SMEInst-2018-2020

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Sub call

H2020-SMEInst-2018-2020-1

Coordinator

ROCKETDNA BV
Net EU contribution
€ 50 000,00
Address
KENNEMERSTRAATWEG 209
1814 GJ ALKMAAR
Netherlands

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
West-Nederland Noord-Holland Alkmaar en omgeving
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost
€ 71 429,00