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Call key data
Open Innovation Factory 2024 - Cut-off 2
Funding Program
European Institute of Innovation and Technology
deadlines
Opening
29.01.2024
Deadline
21.10.2024 17:00
Funding rate
50%
Call budget
€ 2,500,000.00
Estimated EU contribution per project
max. € 400,000.00
Link to the call
Link to the submission
Call content
short description
The Open Innovation Factory 2024 program is looking for world-class digital DeepTech Activities developed by early-stage ventures together with corporates, research and technology providers and/or universities that have demonstrated market and investor traction and can leverage the program to boost their growth even further.
Call objectives
The work program of the Open Innovation Factory 2024 is guided by the EIT Digital Strategic Innovation Agenda 2022-2024 (SIA), which identifies the five focus areas of the EIT Digital strategy:
- Digital Tech
- Digital Industry
- Digital Cities
- Digital Wellbeing
- Digital Finance.
Proposals should be well aligned with these focus areas and, within these areas, should implement AI, High Performance Computing, semiconductors, cyber security and / or quantum computing technologies.
Applicants to this call for proposal get:
- EIT Digital financial support (up to 400K Euro)
- Fundraising assistance
- Mentoring and coaching
- EIT Digital Speed Master training
- Access to hundreds of partners from EIT Digital’s innovation ecosystem across Europe, including corporates, public sector, investors and academia
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Expected effects and impacts
A strong Innovation Activity proposal will demonstrate:
- Problem/Solution: A specific solution for a relevant business pain that can create or disrupt markets and that is aligned with EIT Digital’s focus areas.
- Market impact/customers: To achieve the claimed market impact during the activity’s timeframe.
- Venture team: The quality of the team and its commitment to the venture are key in order to prove the capacity of the venture to scale.
- Financial planning:
- The Resources shall be executed during the activity timeframe as defined in the proposal’s workplan.
- Additional financial support by third parties (investors, partners, etc...) is considered a plus.
Finally, to account for EIT Digital’s financial sustainability:
- An equity granting model is applied, whereby EIT Digital is granted equity in the venture.
- The venture must have the characteristics (sound IP, scale-up potential) to provide long-term value to EIT Digital’s financial sustainability.
Only ventures with IP ownership (filed or granted) or clearly definable know-how will be considered for support.
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Expected results
- Digital Tech
- in networking: the mobile broadband infrastructure (5G), network ‘softwarisation’, and the Internet of Things
- in computing: cloud computing, big data, and artificial intelligence
- in security: cybersecurity, privacy and trust
- Digital Industry
- manufacturing full value chain, from production to logistics to retail to consumer engagement
- Digital Cities
- urban mobility, including autonomous transportation
- citizen information, inclusiveness and engagement
- city safety and resilience with respect to environmental, economic, and demographic developments
- Digital Wellbeing
- technologies like predictive analytics, artificial intelligence, accurate sensing, chatbots, gamification to enable digital solutions targeting the young
- environmental sensing and remote diagnosis
- solutions based on virtual wards, remote unobtrusive monitoring, artificial intelligence (analytics, predictions), robotization (social-mental, help for health professionals), offering on-demand digital solutions offering personalized health & wellbeing services
- Digital Finance
- future of the retail banking
- digital wealth management
- modernized corporate banking and insurance
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Eligibility Criteria
Regions / countries for funding
Moldova (Moldova), Albania (Shqipëria), Armenia (Հայաստան), Bosnia and Herzegovina (Bosna i Hercegovina / Босна и Херцеговина), Faeroes (Føroyar / Færøerne), Georgia (საქართველო), Iceland (Ísland), Israel (ישראל / إِسْرَائِيل), Kosovo (Kosova/Kosovë / Косово), Montenegro (Црна Гора), New Zealand (Aotearoa), North Macedonia (Северна Македонија), Norway (Norge), Serbia (Srbija/Сpбија), Tunisia (تونس /Tūnis), Türkiye, Ukraine (Україна), United Kingdom
eligible entities
Private institution, incl. private company (private for profit), Small and medium-sized enterprise (SME)
Mandatory partnership
Yes
Project Partnership
EIT Digital is a partnership-based organization. Organisations that are not yet an EIT Digital Partner are expected to initiate their application for partnership before the submission of the proposal. If the proposal is selected, the application must then be completed before the start of the activity. To initiate the application, the proposers should fill in the form available in EIT Digital’s Proposal Submission for the Open Innovation Factory program. For more details on how to become an EIT Digital Partner please check our website and download the EIT Digital Partnership Models document here.
Proposals for Innovation Activities must be submitted for a specific EIT Digital focus area.
These submissions should be made by a team comprising 2-4 complementary organizations, including one venture to be boosted. Additionally, the participating entities must originate from at least two different EU member states or countries associated with Horizon Europe. EIT Digital can offer support in finding partners to complete teams.
The call is open to all ventures that meet the criteria established in the Cut-off Specific Document, which should be carefully read by all proposers before preparing their submission.
Eligibility conditions:
- All proposals are considered "Innovation Activities” and they must have a maximum duration of six months (July-December 2024, or January-June 2025).
- The venture to be boosted has been incorporated between 01/01/2020 and the submission date.
- Proposals must include a minimum of two partners, from two different eligible countries (EU member States or HE Associated Countries).
- Every partner contributes to budget allocation via EIT funding and/or partner's own contribution (co-funding) and should not fall under the same ownership
- The proposal requests a maximum of €400,000 of EIT Digital funding.
- The activity partners own contribution (co-funding) must be at least 50% of the activity’s budget.
- The venture to be boosted is not a subsidiary of another company and is not controlled by another company other than, if applicable, a non-trading holding company established solely for the assignment of founder shares.
- The venture to be boosted has outright ownership of a substantial majority of the product’s IP to which the proposal applies.
- The equity proposal to EIT Digital from the venture to be boosted is between 5.5-12 %.
Additional information
Topics
Relevance for EU Macro-Region
EUSAIR - EU Strategy for the Adriatic and Ionian Region, EUSALP - EU Strategy for the Alpine Space, EUSBSR - EU Strategy for the Baltic Sea Region, EUSDR - EU Strategy for the Danube Region
UN Sustainable Development Goals (UN-SDGs)
project duration
max. 6 months
Additional Information
Proposals must be submitted electronically before the call deadline in the English language via the proposal submission tool.
The proposal must contain all the mandatory information in the online application form and all mandatory documentation including the short video pitch. Please note that the system requires you to upload the documentation by selecting the file first, and then clicking on the upload button. The system will send a warning message only if the documentation is mandatory. If not, such as is the case of the investor letter, the system will not issue a warning and it is the submitter’s responsibility to ensure that the upload has been completed successfully. If not, EIT Digital will not receive the non-mandatory documentation and it will not therefore be able to make it available during the following selection gates.
Proposals containing one or more inadmissible elements will be rejected and will receive official communication from EIT Digital setting out the outcome of the admissibility check.
To ensure all submission requirements are properly addressed, it is highly recommended that you speak to EIT Digital staff in good time prior to proposal submission during the design and preparation of your proposal.
All Innovation Activity proposals must be compiled and submitted via the EIT Digital submission system which can be reached via the EIT Digital intranet page. It is the responsibility of each Innovation Activity/Task Leader to obtain full commitment and consent from all partner organisations participating in the Innovation Activity/Task, prior to submission. Activity proposals need to be formally submitted via the submit button in the EIT Digital submission system, prior to the cut-off dates.
Applicants can submit their activity proposals at any moment in time throughout 2024, with two pre-defined cut-off dates for evaluation:
- Cut-off 1: Apr 10, 2024, 5pm CEST (Brussels time)
- Cut-off 2: Oct 21, 2024, 5pm CEST (Brussels time)
Proposals are strongly encouraged not to defer submission until the final moments, as the system may experience a high volume of submission requests, potentially leading to processing delays that cannot be rectified if the submissions surpass the specified deadline.
Call documents
EIT Open Innovation Factory 2024EIT Open Innovation Factory 2024(562kB)
Contact
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