EDI is an Innovation Action project co-funded by the European Union. The project has received funding from the European Union’s Horizon 2020 Research and Innovation programme under Grant Agreement No 779790. Furthermore, EDI is part of the Big Data Value PPP within a group of projects known as the Big Data Value PPP projects.
Every company is born as a startup, and Big Data has already proven to be a disruptive technology that can provide substantial changes in traditional and innovative domains.
- A free infrastructure with open source tools.
- Training on the most known off-the-self solutions.
- Support and business services to develop their business idea and
- Equity-free funding.
The main objective of EDI will be to leverage the technology and knowledge on Big Data across countries and sectors thanks to the incubation of start-ups/SMEs who use Big Data open source tools oriented to sort out major challenges in different business which facilitate their data assets.
During the duration of the project, EDI expects to incubate around 140 companies under a 3-phase incubation programme (funnel approach) launching 3 call for proposals and disbursing up to €5M equity-free and committing to raise additional financing resources up to €15M for them from private investors mainly.