Innovation Radar, Tech Due Diligence and Venture Building for strategic digital technologies (CSA)
Programme Category
Programme Name
Programme Description
Horizon Europe is the European Union (EU) funding programme for the period 2021 – 2027, which targets the sectors of research and innovation. The programme’s budget is around € 95.5 billion, of which € 5.4 billion is from NextGenerationEU to stimulate recovery and strengthen the EU’s resilience in the future, and € 4.5 billion is additional aid.
Identifier Code
Call
Summary
Projects under this Call aim to achieve 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, innovation procurement, investors and corporate innovation ventures. Also, they aim to 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.
Detailed Call Description
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.
The focus is on strategic digital and industrial technologies. It is foreseen that the communities targeted by the action(s) will contribute to developing applications that foster climate-neutrality, the circular economy, clean industry and user-centric technology development, while also encouraging inclusiveness, and incorporating European social and ethical values.
Call Total Budget
Financing percentage by EU or other bodies / Level of Subsidy or Loan
100%
EU contribution per project: between €2,50 and €4,00 million
Thematic Categories
- Information Technology
- Research, Technological Development and Innovation
- Small-Medium Enterprises and Competitiveness
Eligibility for Participation
- Researchers/Research Centers/Institutions
- Small and Medium Enterprises (SMEs)
Call Opening Date
Call Closing Date
National Contact Point(s)
Research and Innovation Foundation
29a Andrea Michalakopoulou Street, 1075 Nicosia
T.Th. 23422, 1683 Nicosia
+357 22205000
Email: support@research.org.cy
Dr Angelos Ntantos
Scientific Officer
Telephone: 35722205033
Email: antantos@research.org.cy
Dr Ioannis Theodorou
Scientific Officer
Telephone: 35722205038
Email: itheodorou@research.org.cy
(Publish Date: 16/09/2021-for internal use only)
EU Contact Point
European Commission, Directorate-General for Research and Innovation
https://ec.europa.eu/info/departments/research-and-innovation_en#contact