Blockchain/AI/IoT | June 28, 2017

European startups share $7.2 million for product development

The team at


Europe’s “Horizon 2020” program has allocated the funds to 128 projects in transport, information technology, climate change, and clean energy.

Not all are social-impact focused, but those that are include: mobile healthcare for the critically ill; vegan leather; a European web browser for the E.U.’s strict privacy and security policies; and several senior-care/independent living projects, as well as bike projects for smart cities.

Each project receives a €50,000 ($56,000) feasibility grant, along with business strategy support.Viable — and marketable — ideas can apply for follow-on funding.

Horizon 2020 is an €80 billion initiative launched by the European Commission in 2014 to make Europe competitive with science, research, and tech innovation.

It has invested €20 billion in 11,000 projects, including €7.4 billion in 3,000 projects tackling social challenges.