About REACH Project
Data is an asset that directly translates to value, and this value can be multiplied by fusing data shared among stakeholders in a value chain. Europe is aware of data potential and is making steps towards the Data Economy, by creating a solid base of data-driven companies, data workers and creating awareness in European citizens and companies about the socio-economic benefits of the data economy across a number of sectors. According to European Council “The EU needs to go further in developing a competitive, secure, inclusive and ethical digital economy with world-class connectivity. Special emphasis should be placed on access to, sharing and use of data, data security and on Artificial Intelligence, in an environment of trust.
REACH, the “EuRopEAn incubator for trusted and secure data value Chains”, is an Innovation Action project funded by the European Commission launched in September 2020. REACH is a second-generation Big Data incubator, building on the successful efforts of EDI – European Data Incubator to accelerate data-driven innovation in Europe, towards the vision of the Common European Data Space and developing the European Data Market.
REACH positioned itself as the primary innovation catalyst, fostering secure and trusted data value chains across diverse sectors and introducing cutting-edge data-driven products and services to the market. Harnessing the capabilities of Europe’s premier data-driven Digital Innovation Hubs (DIHs), REACH has supported over 100 SME business ideas, distributing a total of €3.5M.
The overarching goal of REACH was to demonstrate the dismantling of Data Silos by facilitating a multi-stakeholder, cross-sectorial incubator that propels sustainable, data-driven solutions.
The REACH consortium is composed of two main groups of partners: the core group, including 3 DIH centres, responsible for the entire project execution, and the data providers, providing datasets and challenges for the incubation execution.