REACH Open Call 1: Statistics behind the 184 applicants!
REACH Incubator called and 184 big data startups and SMEs answered! Now we must wait to know which proposals are selected to enter the incubation programme, but that doesn’t mean we can’t start unveiling some details about the applications submitted…
Open Call 1 was open for submissions from 16th November 2020 to 15th February 2021. During these 3 months, a total of 184 startups and SMEs submitted their applications for entering the next generation data incubator.
The open call was divided into three participation tracks, from which applicants had to choose from.
Ready-made challenges were the most popular choice, with a total of 87 the applications (47.28%). The second most chosen track was theme-driven, receiving 53 applications (28.80%). Free choice track registered a total of 44 applications (23.91%).
Let’s take a little deeper look…
In Track 1 (theme-driven), the challenges proposed by CERTH for addressing “Energy Sources Optimization” and “Securing Data Transactions” were the ones registering more applications. These were followed by the challenge “Prediction of Consumer Behaviour in Emergency Scenarios (The Case of Covid-19)” proposed by ITI.
In Track 2 (ready-made), the challenge receiving the highest number of applications was “Predictive Maintenance and Production Optimisation in Industry: Monitoring and maintenance of machinery” proposed by IDEA75, followed by the challenges proposed by Diputacion Foral de Bizkaia (Biscay) and Yapi Kredi Teknoloji:
- “New Products and Services to Improve the Wellbeing of Elderly People and Caregivers at Home, Respecting their Desire to Remain at Home: Improve the well-being of elderly people in need of care at home”
- “Credit Risk Analysis of SME Based on Financial Data”.
Finally, regarding the countries from which applications came in, a total of 30 eligible countries are here represented.
We can see a predominance of Spain (31), followed by Germany (16), Portugal (15), and France, Italy and the United Kingdom (11 each).
In the top 10 of the countries with more applicants, we can also find The Netherlands (9), Greece (8), as well as Estonia and Serbia (7 each).
From 184 applications to 30 proposals invited to join the programme
The evaluation process of the 184 applications submitted to REACH Incubator Open Call 1 has just started. External experts will evaluate the proposals submitted and score them accordingly to the quality of the content presented.
The 30 proposals with the highest scores will be invited to join the programme, having into account the maximum rate of proposals per track that has been set: 40% theme-driven, 40% ready-made and 20% free choice.
This process will take a few weeks. Once it is finalised, the really exciting part of the journey will then start!
REACH Incubator Open Call 2
The next open call is expected to start in Q4 2021. Stay tuned and sign up to our newsletter.
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We interviewed the 10 Round 1 Experiment Stage startups and have gathered valuable information and insights which helped us understand how REACH Incubator has helped them grow and expand their businesses.
The results are out! Get ready to be amazed by the 32 startups & SMEs selected to join REACH Incubator first Open Call. We are thrilled to share with you some interesting statistics…
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 first round of incubation.