REACH Incubator launches final Open Call for startups!
Join the REACH Incubator to get up to €120K, and the opportunity to work with leading
corporations and their proprietary data!
Third REACH Incubator Open Call is now ready for applications!
The Reach Incubator has a €3.5 Million fund to foster the creation of data value chains across Europe and is looking for 30 promising big data startups and SMEs to take part in its third round of incubation.
REACH is a four-phase incubation programme: Explore, Experiment, Evolve, Expose, run by 10 core partners. It is a fertile ground for startups and SMEs to solve real-life challenges of large corporations and conduct experimentation of secured and trusted data-fuelled solutions which utilize proprietary, often multi-stakeholder, industrial and personal data.
The REACH Incubator provides the following benefits:
- Up to €120,000 in Equity Free Funding
- Access to Large Corporations, DIHs and their Industrial data sets
- Access to Digital and Business Skills
- REACH toolbox for secure and trusted data value chains
- Big Data Computing Infrastructure
- Access to Private Investment
The 11 month programme takes startups through 4 intense stages of technical and business growth (EXPLORE, EXPERIMENT, EVOLVE and EXPOSE) over eleven months, and will go through 3 incubation rounds, with this being the last call.
How does it work?
Interested startups and SMEs have three ways of applying and participating in REACH Incubator:
THEME-DRIVEN (Track 1): REACH consortium has in collaboration with the 8 leading European Digital Innovation Hubs defined the cross-sectorial Data Value Chain (DVC) themes to be tackled by participants. The participating DIHs are ITI Data Cycle Hub, DEUSTO, DIGIHALL, CERTH/ITI Smart Home, CERR, 4PDIH, CONNECT5 and TERA. DVC themes available in the third open call are Engineering, Retail, Agriculture, Digital Marketing, Circular Economy, Manufacturing/Industry, Health, Energy, Tourism, Entertainment, Transport, Cybersecurity and Emergency Management.
READY-MADE (Track 2): Applications can propose solutions to challenges defined by the REACH Data Providers according to the needs detected in their market. Data providers sharing their challenges are JOT, Migros Ticaret A.Ş., Sonae, VRT, Play&go experience, Idea75, Almerys, YKT, Bizkaia, EDP, COFARES, Grupo AN and SMART. The sectors they are covering are Digital Marketing, Retail, Media, Finance, Tourism, Manufacturing/Industry, Healthcare & Insurance, Energy, Pharmaceutical Services, Transport and Entertainment.
FREE CHOICE (Track 3): Applicants will devise novel DVCs by bringing their own data provider/s and/or their own datasets with those already facilitated within the REACH Data Catalogue. The applicant, a single SME, will apply together with their own Data Provider/s (at least one) proposing a joint challenge to be solved.