Fostering entrepreneurship with open data: the ODINE incubator Elena Simperl, University of Southampton, UK Richard Stirling, Open Data Institute, UK @ODincubator
CONTEXT 2
Europe has seen waves of innovation 3
Open data is new raw material Not consumed through use Enables data sets to be joined together Great platform for collaboration Can cross geographic boundaries Not just public sector McKinsey estimate ~$3 trillion from Open data worldwide 4
Business models Cleaning and presenting open data based insight Combining open data with closed to create better service Using open data to kick start a new market Publishing open data to show integrity Publishing open data to facilitate collaboration 5
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Open Corporates 10
ODINE 11
Establish an industry-focused ecosystem of open data startups and SMEs in Europe
Accountability Training & Advice Mentors Personalized training and advice Matchmaking with business mentors Introductions to VS and business angels Infrastructure PR & Comms Grant Access to data sets Technology Computing resources Via the Guardian and ODINE channels Up to 100,000, 0% equity Performance measurement Progress reports every 2 weeks Briefings and milestone reviews Networking ODI Summit European Data Forum Meet-ups and peer pairing Others Global footprint via internationalization Offers/perks up to 100,000 Space at a cost 13
ODINE funding Call open from May 2015 to August 2016 Submissions reviewed by external experts every 2 months Projects of 6 months Up to 100K per project Online submission 5.5M Next cut-off date: 30.06.15 14
What is the funding for Things that matter Business ideas using open data* Possibly in combination with proprietary data, if relevant * data that can be freely used, reused and redistributed by anyone subject only, at most, to the requirement to attribute and sharealike Open Data Handbook Funds for Salaries Equipment, consumables, travels Subcontracting to other parties (e.g., marketing, training, legal support) Indirect expenditure (office space, office infrastructure etc.) See also Horizon 2020 guidelines 15
Who can apply Small and Medium Enterprises (SMEs)* building a business around open data Established in EU28 countries or Horizon 2020 associated countries** *EU Commission Recommendation 2003/361/EC & SME user guide **See Horizon 2020 guidelines 16
How to apply Online application About the applicant: basic information about the SME, including full legal name, address, and company registration number or VAT number. Short proposal (2,000 words) Idea Impact Team and requested funding Declaration of honor, signed/stamped by the legal representative of the SME Confirmation of SME registration with the EC 17
How we evaluate Process Two external experts Shortlisted applicants invited to online interview (20 minutes) Feedback for all applications Notifications within one month from submission Criteria Idea Strength and novelty of the idea Usage and/or creation of open data Impact Value proposition and potential scale Market opportunity and timing Triple bottom line impact (social, environmental, economic) Team and budget Knowledge and skills of the team Capacity to realize the idea Appropriateness of the budget to realize the idea 18
What happens next Negotiations Successful applicants sign contract with ODINE, including milestones and deliverables 19
theguardian.com/media-network/series/open-data-economy 20
What can ODINE do for you Data and technology providers Promote your data sets Help you understand the value of your data Advise on data provision Curate and integrate existing data sets for further reuse Advise on tool support Test technology and infrastructure Create a greter awarness of the data-driven businesses 21
What can ODINE do for you Business angels and VCs Help you gain early awareness of an emerging market Introduce you to young talent and promising companies 22
What can ODINE do for you Business schools Facilitate transfer of open data research into commercial environments Students secondments and placements Networking and relationship building with open data businesses 23
Project Leaders Internationally regarded Electronics and Computer Science (ECS) School.
What you can do next Subscribe to our mailing list: opendataincubator.eu Follow us on Twitter @Odincubator Call documentation: opendataincubator.eu/odine-callannouncement/ Questions about the call: call@opendataincubator.eu 8 Online submissions: odine.webintra.net Visit our exhibition stand: 8 (May 19th and 20th) Join us tonight: http://www.trattorianerone.it/index. html, 19:30 Next Information Day: November 2015 @ODI Summit, London, UK 25
Social event Tonight, 7:30 pm trattorianerone.it 26
Apply now! Questions about the call at call@opendataincubator.eu Up to 100,000 per company Expert advice from business mentors Technology, data & infrastructure support Coverage in The Guardian datablog Brokering introductions to business angels & VCs @ODincubator opendataincubator.eu