REACH 2nd Open Call
REACH is an incubation programme, that will create a fertile ground for startups and SMEs to solve real-world 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 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 programme takes startups through 4 intense stages of technical and business growth (EXPLORE, EXPERIMENT, EVOLVE and EXPOSE) over 11 months.
REACH has been conceived as a 4-phase incubation/acceleration programme: EXPLORE > EXPERIMENT > EVOLVE > EXPOSE, in which the selected SMEs will be offered a set of technical and business services to develop an MVP (Minimum Viable Product) and reach a high technology maturity level for their solution but also a high market and investment readiness level (MRL & IRL).
Each company funded will receive up to €100K depending on the stage reached in the incubation process under a lump sum scheme, based on the approval of different milestones or KPIs and along the funnel approach. In the case that the company wins the REACH Best Experiment Grant, will receive additional €20K, i.e. up to a maximum of €120 000.
Project full name: EuRopEAn incubator for trusted and secure data value CHains
Project acronym: REACH
Deadline: 22 February 2022, at 17.00 (CET – Brussels time)
Expected duration of participation: 11 months through a 4-phase incubation process
Total EU funding available: €3 500 000 to be distributed in three open calls.
The REACH Incubator has a €3.5 Million fund to foster the creation of data value chains across Europe and be distributed in three open calls.