Reach Incubator selects Wenalyze as one of the most interesting projects across Europe in Data Next Generation
Reach Incubator selects Wenalyze among almost 200 companies from all over Europe that have applied for this innovative project incubation program.
The call opened on November 16, 2020, and ended on February 15 with a total of 184 projects submitted by SMEs and startups from all over Europe. Many countries applied to join the next-generation data incubator.
Only 30 firms, including Wenalyze, have passed this first cut. The Spanish startup has been presented in the section of Finance – Risk Optimittion of small Business in banking domain.
From now on, a period of pilots and collaborations with European banks will be opened where the models will be put into practice and each funded company will receive up to 100,000 euros depending on the stage reached in the incubation process on a lump sum basis, based on the approval of different milestones or KPIs and along the process approach. In the event that the company wins the REACH grant for the best project, it will receive a maximum of 120,000 euros.
REACH es una incubadora de Big Data de segunda generación financiada por la Comisión Europea y tiene como objetico acelerar la innovación basada en datos en Europa, hacia la visión del Espacio Común Europeo de Datos y el desarrollo del Mercado Europeo de Datos.