Official launch of the first call of the CHEST Competition!
Do you have an innovative digital based idea that has the potential to address a specific societal challenge?
Would your idea benefit from the receipt of financial support for further development?
Then join the likeminded social innovators from across the EU in the CHEST Community.
CHEST is an R&D project funded under FP7 to promote the development of digital based innovations that have the potential to address key societal challenges. It is based on the collaboration of three partners, Engineering Ingegneria Informatica (IT), the European Institute for Participatory Media (D) and PNO Consultants (UK). In addition to the development of an online community platform that will facilitate the sharing and exchanging of ideas, CHEST will also invest up to €2.5 million in seed finance for highly innovative ideas through the launch of three open funding rounds, the first of which was launched on the 31st January 2014. Across all three calls, Social Entrepreneurs will be invited to propose new ideas for evaluation and if successful will receive financial support. Any topic will be considered, with the support available ranging from €6k for the investigation of innovative ideas through to €150K for the development of ‘market ready’ product, processes or services. Both applicants and interested parties will also have the opportunity to evaluate the ideas submitted.
Under the first call (Call 1, Call for Ideas), €6k will be awarded for projects that seek to explore the feasibility of a new idea with the potential to receive up to a further €60K through Call 3 to turn your idea into a prototype or demonstrator.
The deadline for submissions to Call 1 is the 30th April 2014. Calls 2 and 3 will be launched after the 31st March 2014.
If you are interested in submitting an innovative idea and in joining the CHEST community, please visit www.chest-project.eu