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EIT Digital Open Innovation Factory is sponsored by European Institute of Innovation and Technology. Focuses on deep tech digital ventures with the potential to scale. For small businesses developing agentic AI for insurance, this program supports the 'Digital Finance' vertical.
It provides funding for early-stage market launch and venture building.
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Open Innovation Factory 2024 | EIT Join Open Innovation Factory 2024 to boost your deep tech start-up! The work programme is guided by the five focus areas - Digital Tech, Digital Industry, Digital Cities, Digital Wellbeing and Digital Finance - of the EIT Digital Strategic Innovation Agenda 2022-2024 .
Selected proposals will receive financial support from EIT Digital and be embedded in the pan-European ecosystem of over 350 partners from business and industry, research and academia, investment, and the public sector.
Apply to the EIT Digital Open Innovation Factory and get: EIT Digital financial support (up to EUR 400 000) EIT Digital Speed Master training Access to hundreds of partners from EIT Digital’s innovation ecosystem across Europe, including corporates, public sector, investors and academia Ready to apply? Here’s what you need to know.
All proposals need to be submitted by a team of two to four EIT Digital partners from at least two different eligible European countries. One of the team members must be an early-stage venture with an innovative deeptech product that already has traction. The team must be ready to collaborate intensively for 6 months on a joint plan to boost this innovative product and gain more market traction.
In consideration of the support received by the applicant, an equity granting model is applied whereby EIT Digital will be granted equity in the early-stage venture. The new cut-off specific document will be released in July. Accepted proposals will start their programme activities on the 1 January, 2025 , right after the results of the selection process are published.
Open Innovation Factory 2024 You may also be interested in EIT Digital Advocates for Swift AI Adoption at 2024 Delphi Economic Forum EIT Digital boosts tech education with new partnership! EIT Digital's Venture Incubation Program
According to the current listing, eligibility includes: Small businesses, startups, and research institutions in EU/Horizon Europe countries. Confirm the full requirements in the official notice before applying.
The current listing shows up to €500,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
This listing does not include a published deadline, but it is an annual program. Check the official notice for the current cycle's exact dates.
EIT Digital Open Innovation Factory is funded by European Institute of Innovation and Technology. Verify program details on the funder's official page before applying.
This listing is flagged as international in scope. Check the official notice for country-specific restrictions before applying.
Start with the full solicitation document linked on this page — it contains the submission instructions and required forms.
Schmidt Marine Technology Partners funds the development and deployment of ocean technology — sustainable fisheries, ocean observation, habitat restoration, and pollution — with grants typically $100,000 to $400,000. The initial proposal window closes July 31, 2026. Here's what makes this funder different and how to write for it.
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