Open data start-ups offered €100,000 funding

50 places available on two year Open Data Institute incubator programme with start-ups selected on rolling basis every two months

Start-ups from across Europe are today invited to apply for a place on the EU-funded Open Data Incubator’s latest programme (ODInE), with the opportunity to secure up to €100,000 grant funding.

The incubator will be announced at the World Wide Web Conference in Florence today with 50 places available over the next two years – new start-ups will be recruited on a rolling basis every two months.

ODInE, which has received €7.8m from the EU’s Horizon 2020 funding programme, is a joint venture between the Open Data Institute (ODI), University of Southampton and six other European partners.

The incubator is aimed at small and medium-sized open data enterprises and entries will be assessed on the strength of a business idea, market potential, social, environmental and economic benefits, as well as the knowledge and skills of the team.

Alongisde the €100,000 investemnt, successful applicants will be eligible for expert mentoring, peer networking and support, technology and data sets, coverage in major publciatoins and brokering introductions to business angels and venture capitalists.

The scheme is modelled on the ODI’s Startup programme, which has so far supported 18 companies, nine of which have graduated and have gone on to secure over £4m in funding, and employ over 70 people between them.

Gavin Starks, CEO at the Open Data Institute, said: “ODInE offers start-ups access to the latest open data and business expertise, with funding that can make a real difference.

“In the existing ODI programme we found that start-ups valued being immersed in an open data ecosystem with others going through the same experience. We are excited that this new programme will be Europe-wide, given Europe’s thriving start-up ecosystem and its leadership in areas such as smart cities.”

Interested start-ups can register for the incubator here.

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