Yapı Kredi Technology- EuRopEAn incubator for trusted and secure data value CHains

REACH

EuRopEAn incubator for trusted and secure data value CHains

The Innovation Action project, which was selected for support under the leadership of the French Alternative Energies and Atomic Energy Commission consortium within the scope of the call opened by the European Union under the title "DT-ICT-05-2020 - Big Data Innovation Hubs", includes 21 partners from 10 countries. As part of the project, it is aimed to establish a digital hub to support startups with disruptive business ideas in various sectors such as retail, tourism, manufacturing, finance and insurance, media, healthcare, consumer support, transportation, energy and public administration.

Project Objective

Europe Becoming a Leader in the Data Economy

Ensuring Europe plays a global leading role in the data economy, particularly in B2B scenarios.

Eliminating Data Silos and Encouraging Collaboration

Supporting the breaking down of data silos and the development of collaboration-based data ecosystems through a multi-stakeholder, cross-sectoral hub structure.

Developing Sustainable and Data-driven Innovative Solutions

Ensuring the implementation of sustainable and innovative data-driven services by creating new data value chains for start-ups and SMEs.

Making European Start-ups Globally Competitive

Transforming Europe's technology and data-driven start-ups into globally competitive players in big data solutions and data-driven services.

Ensuring Secure and Ethical Data Sharing

Allowing the development of new data value chains and insights while protecting the privacy and security of shared data.

Project Subject

REACH is an incubation program aimed at creating data value chains based on secure and reliable data sharing in Europe and supporting data-driven innovation.

Secure and Ethical Data Ecosystem

It aims to establish a powerful structure in Europe's data ecosystem by developing solutions based on data security, privacy and trust.

Cross-Sectoral Collaboration and Innovation

It promotes innovative data-driven solutions for start-ups and SMEs by breaking down data silos with a multi-stakeholder incubation model. The project aims to encourage the growth of start-ups through the contributions of valuable stakeholders, while enabling the realization of business ideas on a data-driven basis through periodic calls.

Global Competitiveness for European Start-ups

It is aimed to facilitate the growth, revenue increase and access to investment of European companies by supporting the development of data-driven products and services. It is aimed to explore new value chains and business lines within the scope of the project.

What Do We Do?

Being a Data Provider in the Financial Sector

The role of strategic data provider representing the financial sector
Creating innovative data value chains with banking-focused datasets

Contributing to the Development of Data Value Chains

Cross-sectoral data integration
Foundation for data-driven innovative solutions

Ensuring Data Security and Anonymization

Anonymized secure data sharing
Compliance with GDPR and data security standards

Providing an Infrastructure for Innovative Testing

A secure testing environment specific to the financial sector
Development of data value chains for application purposes

Project Output

Secure Innovation in the European Data Ecosystem

REACH has supported more than 100 SMEs and transformed data value chains by creating innovative solutions enabling secure data sharing in the European data ecosystem.

Support and Financing Provided to SMEs

Business ideas of more than 100 SMEs were support and EUR 3.5 million in grants were provided within the scope of the project. Start-up selected through three open calls were provided with incubation, technical support and investment opportunities.

New Data Products and Solutions

40 new data value chains were established, 30 MVPs were developed and 24 data-driven products were launched as part of REACH. Furthermore, 19 start-ups received private investment and progressed on their path to growth.

Strategic Documents and Publications

Support reports were prepared during the project, including the REACH Innovation Action Plan, the European Data Market Strategy Document, and SME business ideas. Furthermore, a comprehensive incubation report on data security and innovation was published.