Three months have passed, and so many great startups applied to take part on the final cycle of the European Data Incubator programme!
First of all, a big thank you is in order. The EDI team is overwhelmed with happiness to know that 494 Big Data startups & SMEs started their application to take part in the next and final round of EDI, and as much as 208 of them completed their application.
The evaluation process is starting soon, and results will be out within a month of the open call closure.
For now, it is time to look into the participants’ statistic and understand who applied to our programme.
Which countries were the biggest contestants?
1. Spain – 37
2. Italy – 19
3. Portugal – 18
4. Germany – 15
5. United Kingdom – 14
6. France – 9
7. Serbia – 7
8. Turkey – 7
9. Romania – 6
10. Estonia – 6
Similarly to the previous years, Spain was the country with the higher number of applications (18%). Italy and Portugal followed the lead, accompanied closely by Germany and the United Kingdom. France, Serbia, and Turkey made it to the top 10 this year, and Romania and Estonia also registered a good number of applications.
This demonstrates that the European Data Incubator has been more successful at bringing this opportunity to startups and SMEs in a wider net of countries, including Eastern Europe.
Which was the most popular track?
There were three tracks to apply, and each participant could only choose one:
Track 1 – Ready-made:
A ‘ready-made’ challenge pre-set by EDI, with options by large corporates in the fields of IoT, transport, sports, gaming, media, energy and the environment, fraud detection, smart cities, retail, and finance. Our companies are established in their markets and can offer you the chance to connect with the sector in a new way, creating long-term relationships beyond the end of the project.
Track 2 – Half and half:
Bring your own challenge, but solve it using one EDI data set and one external data set.
Track 3 – Free choice:
You are free to propose your own challenge, and solve it working with your own data provider and external data set.
Half and half - 27 applicants
Similarly to the last open call, this year the most selected track was the “Ready made” one, with a total of 136 applications. The second most chosen was the “Free choice”, that registered 44 applications, followed by the “Half and half” track, with 28 applications. This follows the same tendency as last year, with a slight decrease on the “Ready made” track and a small increase in the “Free choice” one.
Which challenges were more selected?
In track 1, “Ready made”, one can see that the most selected challenge was the one from SONAE, “Automate Customer Service Workflows and Drive Efficiency with Artificial Intelligence”. This was followed by Health Research Market’s challenge “AI/ML Predicting the Future of Pharma Market”, in second place, and “Use of Machine-Learning Algorithms in improving control of cardiovascular risk factors”, Ibermutua’s challenge, in third place.
In Track 2, “Half and half”, data shows that the most chosen data sets were the ones from Ubimet, related to the Weather and the Climate. These were followed by Migros’ data sets (sales) and EDP’s (electric charging points), Ibermutua’s (checkup) and EFE (photography) datasets.
The startups and SMEs can expect to hear back about their application within one month of the closing of the open call (17 June 2020).
After announcing the successful startups and SMEs, the next round of incubation will begin!
Benefits of the programme include:
- The chance to grow not only as a startup, but also a team. After joining our programme, our startups have gone on to receive investment, develop their business in a new way and employ new team members.
- A dedicated mentor who will be with you every step of the EDI programme, communicating with you online and, if travel retrictions finish, meeting with you at our physical events in Bilbao and Berlin. All of our mentors are experts in their field and have a wealth of experience acting as coaches to startups like yours.
- The chance to work side-by-side with a corporation in a supportive environment, working together to solve their big data challenge. This unique situation provides you the chance to really collaborate on an in-depth project, and could lead to a fruitful and long-term relationship even after the programme has finished.
- The opportunity to create and launch a new product or service that could even be a new business line for you or something that you were already thinking of working on. If you have chosen our ‘Half and Half’ challenge or ‘Free choice’ challenge, you have the freedom to decide what kind of big data challenge and data set you are working on.
Stay tuned for our upcoming announcement of the selected startups by checking our news and following us on Twitter and Facebook.
And good luck to all applicants!