Data Pitch to offer 50 startups and SMEs equity-free funding of up to €100k.
Data Pitch is a new European-funded project bringing together established businesses and startups to meet today’s challenges with data.
Data Pitch will provide up to 50 European startups and SMEs with world-class business support including: up to €100K equity free funding, expert mentoring, investment opportunities, and access to data from established businesses and the public sector. The three-year project will be delivered by The University of Southampton, the Open Data Institute, Portuguese innovation company Beta-i and French data marketplace platform Dawex. It is funded by the European Union's Horizon 2020 research and innovation programme.
Data Pitch is also recruiting established businesses and other organisations to share their data via a new secure data innovation lab, based at the University of Southampton. These businesses will also help define the challenges along with the Data Pitch team and a wide range of experts from across industry sectors including agriculture and health. Startups will be given the chance to use this new data to address the challenges by developing innovative products and services.
Startups and SME’s will be able to apply for a place on Data Pitch from 1st July 2017. Successful startups will be selected in October and November 2017, and the first cohort will join in December 2017. Each startup will be on the programme for 6 months.
The ambition is to create an innovation ecosystem for Europe, where larger organisations work closely with agile startups to innovate and learn from each other, using data as an enabler to solve problems.
Elena Simperl, Professor at University of Southampton and Data Pitch project Director said: Data Pitch will create a European ecosystem for data-driven innovation. In the digital age, every organisation, public or private, big or small, generates and owns substantial data assets. Not all them have the opportunity to use this data effectively. With Data Pitch we take an established open innovation model and apply it at European scale - we pair some of the most creative entrepreneurial minds in 28 countries and help them to solve data challenges that matter - for the economy, for the environment, for science, and for society as a whole.