Deadline: 23-Sep-21
The European Commission (EC) is accepting proposals for Innovation Radar, Tech Due Diligence and Venture Building for strategic digital technologies (CSA) Programme.
The action will use intelligence from the Innovation Radar platform to: facilitate tech due diligence and the building of new ventures based on high-potential innovations and upscaling of HE-funded startups.
This will in particular include matching of EU-funded innovations and the innovators behind them with finance and growth opportunities offered by investors, other European funding programmes (including the Digital Europe Programme and EIC), innovation procurement and corporate innovation ventures.
Specific support will be devoted to pilot tech due diligence and venture-building services.
The services to be piloted will allow investors to better valuate the technology behind innovations, enable more precise valuations of digital start-ups and prepare their investment readiness.
The tech due diligence services will deliver a benefit to spinoffs, startups and scale-ups by improving their access to finance.
The pilot will also implement ‘venture-building’ approaches to dramatically increase the number of new ventures created on the basis of technological breakthroughs that may otherwise be at risk of remaining ‘in the lab’ despite their market or disruptive potential.
Funding Information
The check will normally be done for the coordinator if the requested grant amount is equal to or greater than EUR 500 000, except for:
- public bodies (entities established as a public body under national law, including local, regional or national authorities) or international organisations; and
- cases where the individual requested grant amount is not more than EUR 60 000 (lowvalue grant).
Expected Outcomes
Projects are expected to contribute to at least one of the following outcomes:
- A scaling up of capabilities in matching EU-funded technology solutions developed by highly innovative sustainable and digital startups with access to finance and growth opportunities including, but not limited to, other European funding instruments (such as the Digital Europe Programme and EIC), innovation procurement, investors and corporate innovation ventures.
- Deliver, through tech due diligence and venture-building approaches, a step change in the number of new ventures created and ventures’ ability to attract funding for sustainable and digital innovations developed in EU-funded R&I.
Eligibility Criteria
To be eligible for funding, applicants must be established in one of the eligible countries, i.e.:
- the Member States of the European Union, including their outermost regions;
- the Overseas Countries and Territories (OCTs) linked to the Member States;
- eligible non-EU countries:
- countries associated to Horizon Europe;
- low- and middle-income countries.
For more information, visit https://bit.ly/3Av1HvV