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

Foundation purpose

InvestEU-programmet har til formål at mobilisere offentlige og private investeringer for at støtte EU's politiske prioriteter. Programmet sigter mod at tiltrække investeringer i nøglesektorer som grøn omstilling, digitalisering, innovation og social samhørighed. Det bidrager til at skabe et mere bæredygtigt, konkurrencedygtigt og inkluderende Europa.

Description

ExpectedOutcome : Projects are expected to contribute to at least one of the following outcomes: 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 (such as the Digital Europe Programme and EIC), innovation procurement, investors and corporate innovation ventures. 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. Scope : The action will use intelligence from the Innovation Radar platform [1] 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 [2] . 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. The cross-cutting action will act a

Deadline

23 September 2021

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