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04. März 2021

Divizend has been accepted for the European REACH Incubator program

Divizend is now part of the REACH pilot project and its big data ecosystem. We are one of 30 teams that prevailed in the first evaluation phase.

What is REACH?

REACH is a EU-wide funding program that is financed by the European Commission. It specifically focuses on big data companies, making REACH the follow-up project to the European Data Incubator (EDI), which Divizend has already successfully completed. REACH wants to create an ecosystem of startups, investors, data providers and digital innovation hubs, in which we as a startup are given access to big data infrastructure and high-quality mentoring in addition to equity-free financing.

What are the next steps?

The REACH Incubator is divided into five phases. We have already successfully passed the first phase “Evaluations & Selections”. Now we are in the "Explore" phase with 29 other startups, in which our ideas are validated further. In this phase, we already have equity-free €5,000 at our disposal. If we can successfully complete all five phases, we will eventually be rewarded with €120,000 at the end.