BERLIN, 9th October 2019 – SMAP Energy has successfully progressed through to the next round – the EXPERIMENT phase of the European Data Incubator (EDI), an incubation programme that offers the brightest Big Data startups the chance to solve data challenges set by major European corporates like international weather service UBIMET and the multinational Sonae.
What is EDI?
EDI is an 8-month incubation programme run by 20 partners across Europe. It gives the most innovative “Big Data” startups the opportunity to tackle real world challenges set by large corporates across Europe.
SMAP Energy is taking part in EDI to solve the challenge set by ENERGA-OPERATOR SA: Determining Load Profiles for Customers in the Indicated DSO Area based on Smart Meters. As part of this program, SMAP Energy will be developing a data-driven application for determining the load profile for energy metering points in a DSO network area.
Benefits include up to €100k in equity-free funding, mentoring, workshops, access to a free cloud environment, and the chance to connect with and be recognised by major European organizations.
Datathon in Berlin
Each year of the EDI incubation process is divided into three progressive phases, in which only the best startups pass to the next level: ‘Explore’, ‘Experiment’ and ‘Evolve’.
On 9-10 October 2019, SMAP Energy landed in Berlin for the first ‘Explore’ phase, securing €5k (equity-free) and meeting face to face with the data providers. Pitching to compete against 40 other startups, SMAP Energy managed to impress the jury and successfully pass through to the ‘Experiment’ phase!
SMAP Energy is now welcomed onto the ‘Experiment’ phase, the longest in the EDI incubation programme, where the startups receive coaching, big data training and the chance to secure up to €80k in funding. With the objective of developing an MVP to introduce to market, this phase will focus on accessing the datasets, technical evaluations and then a final pitch for a spot in the final ‘Evolve’ phase.
Follow our journey through EDI!
To read more about our participation in EDI, please visit the website: www.edincubator.eu