Summary
- Profile Type
- Research & Development Request
- POD Reference
- RDRFI20240703008
- Term of Validity
- 3 July 2024 - 3 July 2025
- Company's Country
- Finland
- Type of partnership
- Research and development cooperation agreement
- Targeted Countries
- All countries
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General information
- Short Summary
- The project aims to matchmake early-stage investors with startups and improve business angels cross-syndication across Europe. Ideal partner would have previous EU funding experience and be active in the financial services and fintech space. The EUROSTARS project proposal has already been written for a previous call but in the end never submitted. An abstract is available.
- Full Description
-
A Finnish SME is looking for a European SME specialised in AI and Machine Learning to apply for the next EUROSTARS funding call in September 2024. Ideal partner would have previous EU funding experience and be active in the financial services and fintech space.
The objective of the project is to develop an AI-driven cross-border syndication platform, allowing early-stage investors to jointly make investments online all over Europe. Though algorithm integration and automation, the platform will:
1. Bring together in one place European early-stage investors such as business angels, angel syndicates and high-net-worth individuals, helping them share insights, opportunities, and best practices across the startup ecosystem.
2. Compare fundraising data of startups against the deal criteria of investors, automatically make personalised intros and match investors to qualified startups on the basis of advanced filters e.g. round size, technology, geography, KPIs, etc even before opening their decks.
3. Help investors perform due diligence, automate portfolio management, fund structuring, and ultimately co-invest into the startups.
4. Integrate with current investors tools (e.g. crunchbase, dealroom, gust, pitchbook etc) and open access to investors and startups for third party service providers (financial advisors, professional fundraisers, share issuing lawyers etc) via APIs. - Advantages and Innovations
-
Angel investing across Europe is a solitary and time consuming process. Business angels are screening promising startups through subscriptions to dedicated portals, attending startup events and using their own networks with one-to-one introductions. However, angels need more qualified leads from other countries than their own, better connection with likely minded angels and automation to help them save time and costs in their investments.
The platform will be a radically new and much-needed digital tool for portfolio management, through which angels could make cross-border investments online all over Europe with other angels. We will offer them easy international syndication, while contracts and full financial closing can be completed in minutes, with access to dealflow from across Europe. - Stage of Development
- Under development
- Sustainable Development Goals
- Goal 8: Decent Work and Economic GrowthGoal 9: Industry, Innovation and Infrastructure
- IPR description
-
The Finnish SME is seeking an AI as a service SME from any Eurostars country except Finland to develop an algorithm to match the dealflow of fundraising startups with the most appropriate investors.
Ideal partner would have previous EU funding experience and be active in the financial services and fintech space.
Partner Sought
- Expected Role of a Partner
- Develop an algorithm to match the dealflow of fundraising startups with the most appropriate investors.
- Type and Size of Partner
- SME 11-49SME <=10
- Type of partnership
- Research and development cooperation agreement
Call details
- Framework program
- Access to finance
- Call title and identifier
-
Eurostars call for projects SEP 2024
- Submission and evaluation scheme
-
Single-stage submission scheme
- Anticipated project budget
-
€1-3M
- Coordinator required
-
Yes
- Deadline for EoI
- Deadline of the call
- Project duration in weeks
-
156
- Web link to the call
- https://eurekanetwork.org/opencalls/eurostars-funding-programme-2024-call-7/
- Project title and acronym
-
Borderless Fundraisers (BUNDLE)
Dissemination
- Technology keywords
- 01004010 - Quality Management System01003003 - Artificial Intelligence (AI)
- Market keywords
- 09002006 - Other finance, insurance and real estate09002005 - Investment groups
- Sector Groups Involved
- Digital
- Targeted countries
- All countries