Ventures Thrive Open Call 2024

Beneficiary & submission

Submission Submissions will be done exclusively via online platform: cascadefunding.sploro.eu/application/new?program=ventures-thrive-2024 The submission process is supported by the following documents: Online Form: completed via Sploro platform and divided in four sections (1) Administrative and contact data; (2) General description of the startup; (3) Deeptech relevance: describing the technology they work with; (4) Challenge they address and the potential applications of their tech in the market; (5) Market positioning and commercial approach; (6) Team: composing the company and profiles; (7) Fundraising: previous rounds of investment or current stage of the company in relation to venture capital. Guidelines for Applicants: all the information you need to know before applying. In addition, it is mandatory to attach to the application the Declaration of Honour and Acceptance of conditions, declaring that all conditions of VT action and application process are accepted by the legal representatives. Also Pitch Deck is an optional document that can be submitted in PDF format to add information about the company. Evaluation The evaluation process will consist of three stages: Eligibility Criteria: To that the applicant complies with all the eligible requirements of the Ventures Thrive Call. Automatic Sorting: The evaluation process will automatically sort the proposals according to a set of indicators monitoring certain factors contained in the information provided in the online form. Remote Evaluation: After the automatic sorting, an external evaluation board with experience in deeptech technologies, entrepreneurship, finance, and business development will be appointed to review each application. This appointment will only be done after the closure of the call to select experts without risk of conflict of interest Prior to contracting to the top ranked applicants, the consortium will ask for the approval of the European Commission, and the list of selected projects will be submitted to the European Commission for final screening.

Further information

Ventures Thrive Corporate Challenges are opportunities for startups to address innovative solutions to established corporations operating in various sectors. The second call introduces new challenges in the areas of Health, Medicine, Biotechnology and Veterinary Medicine, whereas Agriculture & Waste, Marine, and Energy have been retained as challenges from the previous call. Startups with cutting edge, disruptive technologies, partnered with visionary companies are the key to boosting the EU’s economic and social transformation, faster digitalisation and sustainable innovation-based growth. Ventures Thrive encourages startups with disruptive and cross-thematic solutions. Note that many solutions can address multiple areas, for example: mitigation of toxic agricultural runoff to reduce marine pollution. CHALLENGE#1 – HEALTH CHALLENGE#2 – MEDICINE CHALLENGE#3 – BIOTECHNOLOGY CHALLENGE#4 – VETERINARY MEDICINE CHALLENGE#5 – AGRICULTURE AND WASTE CHALLENGE#6 – MARINE CHALLENGE#7 – ENERGY Financial Support The financial support provided in the Ventures Thrive Open Call will be awarded in the form of equity-free funding, vouchers, and prizes: Equity-free funding: Ventures Thrive Open Call provides a maximum financial support of €80,000 per deeptech startup. This funding is allocated as a lump sum for each beneficiary (€5K + €75K), and therefore, if the project respects the principle of non-double funding by the EC, no detailed budget specifications are needed. However, funds will be released considering: (1) the stage of the programme reached by the startup and (2) the level of completion of the tasks on each stage or classification in the last stage. Service Voucher: The €5,000 voucher will be only provided to the startups reaching the Growth programme. It will be applied towards payments of €250 per session to cover costs of mentoring, masterclasses, and expert involvement. Prize: The three most promising startups will be awarded with prizes of €15,000, €10,000, and €5,000 respectively. These awards will be decided during the final Demo Day event and will require the physical presence of the teams that are awarded. All payments are dependent on successful evaluation of deliverables and/or milestones. All payments will be made with undue delay preferably no later than 30 calendar days after the positive evaluation of the deliverables and/or milestones. Language in which application should be submitted: English Web address for further information: https://venturesthrive.eu Guidelines for applicants: Official Document Email address for further information: contact@venturesthrive.eu Open call submission platform: sploro/ventures-thrive-2024