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European Data Incubator

European Data Incubator

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.
Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

UNIVERSIDAD DE LA IGLESIA DE DEUSTO ENTIDAD RELIGIOSA

Address

Avenida De Las Universidades 24
48007 Bilbao

Spain

Activity type

Higher or Secondary Education Establishments

EU Contribution

€ 5 752 784,01

Participants (19)

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ZABALA INNOVATION CONSULTING, S.A.

Spain

EU Contribution

€ 292 250

F6S NETWORK LIMITED

United Kingdom

EU Contribution

€ 156 078,13

ENGINEERING - INGEGNERIA INFORMATICA SPA

Italy

EU Contribution

€ 173 906,25

ETVENTURE STARTUP HUB GMBH

Germany

EU Contribution

€ 449 176,87

MIGROS TICARET ANONIM SIRKETI

Turkey

EU Contribution

€ 17 937,50

JOT INTERNET MEDIA ESPAÑA SL

Spain

EU Contribution

€ 19 250

AUTOMOBIL CLUB ASSISTENCIA SA

Spain

EU Contribution

€ 19 250

VIRTUAL POWER SOLUTIONS SA

Portugal

EU Contribution

€ 19 250

SONAE MC - SERVICOS PARTILHADOS, SA

Portugal

EU Contribution

€ 23 187,50

YAPI KREDI TEKNOLOJI ANONIM SIRKETI

Turkey

EU Contribution

€ 14 000

AGENCIA EFE SAU, S.M.E.

Spain

EU Contribution

€ 18 861,50

UBIMET GMBH

Austria

EU Contribution

€ 21 875

ELEKTRO LJUBLJANA PODJETJE ZADISTRIBUCIJO ELEKTRICNE ENERGIJE D.D.

Slovenia

EU Contribution

€ 14 525

VOLKSWAGEN NAVARRA SA

Spain

EU Contribution

€ 25 025

VIA VERDE PORTUGAL-GESTAO DE SISTEMAS ELECTRONICOS DE COBRANCA SA

Portugal

EU Contribution

€ 19 250

DE VLAAMSE RADIO EN TELEVISIEOMROEPORGANISATIE NV

Belgium

EU Contribution

€ 35 375

ENERGA OPERATOR SA

Poland

EU Contribution

€ 14 000

EMPRESA METROPOLITANA DE ABASTECIMIENTO Y SANEAMIENTO DE AGUAS DE SEVILLA SA

Spain

EU Contribution

€ 21 875

TECHNISCHE UNIVERSITAT BERLIN

Germany

EU Contribution

€ 35 000

Project information

Grant agreement ID: 779790

Status

Ongoing project

  • Start date

    1 January 2018

  • End date

    30 June 2021

Funded under:

H2020-EU.2.1.1.

  • Overall budget:

    € 7 708 441,51

  • EU contribution

    € 7 142 856,76

Coordinated by:

UNIVERSIDAD DE LA IGLESIA DE DEUSTO ENTIDAD RELIGIOSA

Spain