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GSS EU Science Funding Gateway

Innovation Radar, Tech Due Diligence and Venture Building for strategic digital technologies (CSA)

Summary

Cluster 4 promotes investments that will shape competitive and trusted technologies for a European industry enabling production and consumption to respect the planet’s boundaries and maximising the benefits for all parts of society in the variety of social, economic and territorial contexts in Europe. This will build a competitive, digital, low-carbon and circular industry, ensure sustainable supply of raw materials, develop advanced materials and provide the basis for advances and innovation in global challenges to society.

Programme Name

Horizon Europe (2021-2027)

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.

Programme Details

Call

Innovation Radar, Tech Due Diligence and Venture Building for strategic digital technologies (CSA)

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.

Financing percentage by EU or other bodies / Level of Subsidy or Loan

100%

EU contribution per project: between €2,50 and €4,00 million

Programme Category
EU Competitive Programmes
Total Budget
€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
22/06/2021
Call Closing Date
23/09/2021
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

Website
Funding&Tenders portal HE Main Work Programme 2021–2022 – 7. Digital, Industry and Space p.128
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