GAEA Final Virtual Info Day Green Alternatives for European Autonomy

Summary

The Gaia Challenge, a comprehensive open innovation program, was introduced by host Vasil Sadis to support innovators and idea holders in developing green alternatives for European autonomy. The program, funded by the EU, aims to address the energy crisis and promote entrepreneurship in the energy sector. Participants can expect free startup services worth up to €30,000, networking opportunities, and the chance to establish at least five new startups by September 2025. The challenge is open to all, with regional innovation competitions across eight European countries, and the application deadline has been extended to May 12th, 2024.

Takeaways

• 🌟 The Gaia Challenge is a comprehensive open innovation program aimed at developing innovative concepts into startups, particularly within the energy sector.
• 📅 The program runs from February 2024 to September 2025, with phases including idea generation, incubation, regional innovation competitions, and startup establishment.
• 🏆 Beyond Innovation is the project leader of the Gaia Challenge Consortium, which includes partners like UNESCO, EAT Raw Materials, and the Greek Association of Environmental Protection companies.
• 💡 The main objective is to enhance entrepreneurial skills, interconnect regional ecosystems, foster innovation and startup generation, and establish at least five new startups in the European Zone by the end of the program.
• 🌍 The participating countries in the Gaia Challenge are Serbia, Slovakia, Poland, Lithuania, Hungary, Czech Republic, and Greece, with eight regional challenges planned.
• 🏆 Benefits for participants include free startup services worth up to €30,000, networking opportunities, and digital certificates from a top European innovation initiative.
• 💼 The provided startup services encompass education, consulting, and mentoring from industry experts, designed to guide participants throughout the program.
• 📝 To apply, individuals or teams need to submit a project name, team representative details, and a brief description of their innovative idea in the application form.
• 🔍 The thematic areas of innovation for the Gaia Challenge include renewable energy, smart and sustainable cities, energy storage, energy efficiency, and raw material sectors.
• 🤝 Non-European citizens are welcome to participate, but the program encourages establishing business entities within the European Zone.
• ✂️ The application deadline for phase one of the program has been extended to May 12th, 2024, allowing more time for individuals and teams to apply.

Q & A

What is the Gaia Challenge and what does GAIA stand for?

The Gaia Challenge is an open innovation program designed for innovators and idea holders to develop or refine an innovative concept into a startup. GAIA stands for Green Alternatives for European Autonomy, and it is an initiative aimed at providing solutions within the energy sector.

What is the main goal of the Gaia Challenge?

The main goal of the Gaia Challenge is to enhance entrepreneurial skills among participants, interconnect regional ecosystems within the pan-European market, and foster innovation and startup generation within the energy sector.

Which countries are participating in the Gaia Challenge?

The participating countries in the Gaia Challenge are Serbia, Slovakia, Poland, Lithuania, Hungary, Czech Republic, and Greece.

What is the duration of the Gaia Challenge program?

The Gaia Challenge program started in February 2024 and is set to last until September 2025.

What are the phases of the Gaia Challenge program?

The Gaia Challenge program consists of three phases: Phase one (Idea Generation and Regional Innovation Competitions) from March to May 2024, Phase two (Incubation and Regional Innovation Competitions) from June to October 2024, and Phase three (Acceleration and Startup Establishment) from November 2024 to September 2025.

What are the benefits for participants of the Gaia Challenge?

Participants will receive free startup services worth up to 30,000 euros, including education, consulting, and mentoring sessions. They will also gain a network with entrepreneurs, mentors, and organizations, and receive a digital certificate from a top European innovation initiative.

How much monetary support will the top three teams of each Regional Innovation competition receive?

The top three teams of each Regional Innovation competition will receive a total of 3,000 euros, split equally among them.

What is the deadline for applying to the boot camp trainings of the Gaia Challenge?

The extended deadline for applying to the boot camp trainings of the Gaia Challenge is May 12th, 2024.

Can non-European citizens participate in the Gaia Challenge?

Yes, non-European citizens are welcome to participate in the Gaia Challenge. However, the program promotes establishing business entities within the European Zone.

Is it possible to apply with more than one idea to the Gaia Challenge?

Participants can choose one idea to submit for each Regional Innovation Challenge. If someone has multiple ideas, they can participate in different Regional Innovation Challenges in different countries, provided they have the time and effort to do so.

Can ideas from the Green Tech Challenge be submitted to the Gaia Challenge?

Yes, ideas from the Green Tech Challenge are welcome to be submitted to the Gaia Challenge, as the Gaia Challenge is an extension and development of the Green Tech Challenge.

Outlines

00:00

😀 Welcome and Introduction to the Gaia Challenge

The host, Vasil, greets participants and introduces the Gaia Challenge, an open innovation program for developing innovative concepts in the energy sector. The program is funded by the European Union in response to the energy crisis. Participants are encouraged to share their country of origin and how they learned about the challenge. The session will cover details about the program, including its phases, innovation areas, and application process.

05:08

📅 Program Overview and Participation Details

Vasil provides an overview of the Gaia Challenge, which includes an introduction to the program's timeline from February 2024 to September 2025. He explains the importance of the challenge in fostering innovation within the energy sector and the involvement of Beyond Innovation as the project leader. The participating countries are listed, and the open nature of the challenge is emphasized, allowing participation from anywhere. Details about the program's partners and the objectives of enhancing entrepreneurial skills and fostering innovation are discussed.

10:09

🏆 Benefits and Scope of the Gaia Challenge

The speaker outlines the benefits of participating in the Gaia Challenge, such as receiving up to €30,000 worth of startup services like education, consulting, and mentoring. The monetary support for the top three teams in each regional competition is also mentioned. The challenge's focus on the energy and raw material sectors is detailed, with an aim to establish at least five startups by September 2025. The potential for idea development and the invitation for participants to exceed the thematic areas are highlighted.

15:12

🗓 Timeline and Phases of the Gaia Challenge

Vasil explains the different phases of the Gaia Challenge, starting with the idea generation phase, which includes bootcamp trainings and regional innovation competitions. The timeline for phase one is specified, with deadlines and dates for regional innovation competitions. The subsequent phases, including incubation, acceleration, and startup establishment, are also outlined, with a focus on the program's progression from May 2024 to September 2025.

20:15

💡 Innovation Areas and Application Process

The host discusses the thematic areas of innovation within the energy and raw material sectors, emphasizing the challenge's aim to find innovative solutions to the energy crisis. The application process for phase one and two is explained, including how to submit an application, the information required, and the process for individuals and teams. The importance of submitting a project name and contact details is highlighted.

25:17

🤝 Networking and Support for Participants

Vasil emphasizes the value of the networking opportunities available through the Gaia Challenge and the support provided to participants. He clarifies that the €30,000 worth of services include education, consulting, and mentoring, not monetary grants. However, monetary support is available for the top teams in regional competitions and for travel expenses. The host invites questions and addresses a query about the form of the grant provided to startups.

30:18

📝 Application Details and Participation Clarifications

The host provides further details on the application process, explaining the boot camp trainings and the opportunity for individuals to form teams. He clarifies the deadlines for phase one and two and addresses questions about the possibility of applying as an individual or as a team, as well as the process for adjusting ideas during the challenge.

35:19

🌍 Inclusivity and Global Participation

Vasil addresses questions about the inclusivity of the Gaia Challenge, confirming that non-European citizens are welcome to participate. He encourages the establishment of business entities within the European Zone, regardless of the target market's location. The host also discusses the possibility of applying with multiple ideas and participating in multiple regional innovation challenges.

40:25

📌 Final Q&A and Closing Remarks

The host concludes the session by answering final questions, including the extension of the application deadline to May 12th and the possibility of applying to multiple regional innovation challenges. He thanks participants for attending the final info day and encourages them to stay in touch for further updates and support.

45:25

🔚 End of Session

The session ends with a final acknowledgment from the host, signaling the conclusion of the Gaia Challenge info day.

Keywords

💡Gaia Challenge

The Gaia Challenge is a comprehensive open innovation program designed to attract innovators and idea holders to develop innovative concepts within the energy sector. It is an initiative funded by the European Union in response to the energy crisis, aiming to foster green alternatives for European autonomy. The program is structured around regional challenges and phases, providing participants with education, consulting, and guidance. It is a central theme of the video, as the host, Vasil, introduces and explains the program's details and objectives.

💡Innovation

Innovation is a core concept in the video, referring to the process of creating new ideas, products, or services. The Gaia Challenge specifically seeks to enhance entrepreneurial skills and foster innovation within the energy sector. The term is used in various contexts, such as 'green alternatives' and 'innovative concept,' emphasizing the program's focus on developing novel solutions to energy-related challenges.

💡Regional Challenges

Regional Challenges are a part of the Gaia Challenge structure, where participants from different countries come together to compete and develop their ideas. The script mentions that there are eight regional challenges planned, involving countries like Serbia, Slovakia, Poland, Lithuania, Hungary, Czech Republic, and Greece. These challenges serve as a platform for spreading innovation and an entrepreneurial mindset across Europe.

💡Energy Sector

The energy sector is the primary focus of the Gaia Challenge, as the program aims to provide solutions within this domain. The energy sector encompasses the generation, distribution, and management of energy resources. The script highlights the importance of the energy sector due to the European Union's need for sustainable and innovative energy solutions, especially in light of the crisis triggered by the war between Ukraine and Russia.

💡Beyond Innovation

Beyond Innovation is the project leader of the Gaia Challenge Consortium. The organization plays a crucial role in submitting the proposal to the European Union and building a community of innovators, mentors, and experts. The script mentions Beyond Innovation as being proud of their role in leading the project and contributing to the development of solutions within the energy sector.

💡European Union

The European Union (EU) is the granting body behind the Gaia Challenge. The EU's involvement signifies the importance and scale of the initiative, as it aims to address energy crises and promote green alternatives across Europe. The script discusses the EU's role in funding the program and the motivation behind submitting the proposal due to the energy crisis.

💡Sustainability

Sustainability is a key goal of the Gaia Challenge, with the program seeking to establish startups that provide products or services contributing to a sustainable future within the European Zone. The term is used in the context of finding innovative ideas that can help the European Union avoid future energy crises and promote environmentally friendly practices.

💡Mentoring

Mentoring is an essential component of the Gaia Challenge, where experienced individuals guide participants in developing their ideas and entrepreneurial skills. The script mentions that participants will receive mentoring sessions by industry experts, which is a significant benefit of the program, helping to refine concepts and provide valuable industry insights.

💡Inter Regional Challenge

The Inter Regional Challenge is a phase within the Gaia Challenge where the best teams from the regional innovation competitions are invited to compete at a higher level. The script describes this phase as an in-person event, allowing teams to present their ideas to a broader audience and further develop their business concepts.

💡Raw Materials

Raw materials are a thematic area within the Gaia Challenge, focusing on the substitution of critical and toxic materials, recycling, material chain optimization, mining, exploration, and design for the circular economy. The script discusses this area as part of the broader scope of the program, aiming to find innovative solutions in the raw material sector to contribute to sustainability.

💡Digital Certificate

A digital certificate is a recognition provided to participants of the Gaia Challenge upon completion of various phases. The script mentions that participants will receive a digital certificate from a top European innovation initiative, which can be beneficial for promoting skills and experiences on professional platforms like LinkedIn.

Highlights

Introduction of the Gaia Challenge by Vasil, Sadis, the host for the informative session.

Gaia stands for 'Green Alternatives for European Autonomy', a comprehensive open innovation program.

The Gaia Challenge aims to develop innovative concepts into startups within the energy sector.

The program is initiated in response to the energy crisis in the European Union following the Russia-Ukraine war.

Beyond Innovation is the project leader of the consortium, supported by partners like UNESCO and EAT Raw Materials.

The Gaia Challenge involves eight regional challenges across Serbia, Slovakia, Poland, Lithuania, Hungary, Czech Republic, and Greece.

The program offers free startup services worth up to €30,000, including education, consulting, and mentoring.

Participants will receive a digital certificate from a top European innovation initiative.

The program is divided into three phases: idea generation, incubation, and acceleration for startup establishment.

The target is to establish at least five new startups by the end of September 2025.

Innovation areas include renewable energy, smart cities, energy storage, and energy efficiency.

Raw material sector thematic areas involve material substitution, recycling, and circular economy design.

The application process involves submitting a project name, team representative details, and a brief idea description.

Individuals can apply and form teams during the boot camp trainings.

The deadline for phase one applications has been extended to May 12th, 2024.

The program is open to non-European citizens, with an aim to establish business entities within the European Zone.

Ideas from the Green Tech Challenge are welcome to be submitted to the Gaia Challenge.

Transcripts

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good afternoon all

hope you're doing well my name is vasil

sadis and I will be your host for the

today's Final INF for day uh for the

Gaia

challenge uh let's give a couple of

minutes for others to also join the

session before we start uh this

informative session regarding the Gaia

Challenge and the opportunity that lies

ahead us for the upcoming months so uh

let's give a couple of minutes and we

will be back thank

you e

while we are waiting for others to join

also the this info day it would be great

and highly appreciated if you could

spend a couple of seconds and uh right

into the chat box here in the session uh

from uh which country uh you have logged

in and um how you learned about the this

info day and the Gaia challenge so uh

please write us a comment about your

country living and how you learned about

the Gia challenge thank

you e

so I believe it's a good time to start

Welcome All For This final info day for

the Gaia challenge GA is an acronym and

stands for green alternatives for

European autonomy uh very welcome all

good afternoon uh thank you for joining

this uh info day and uh during the next

uh half to one an hour we will have the

opportunity to uh deep into further

details about the program that has

kickstarted uh since uh February 2024

and it's about to last until September

2025 uh a

few please let me share also my

screen can you see my

screen great thank you a few

housekeeping rules before we start uh

this this uh info day will be recorded

uh please uh keep your microphones uh

closed uh while we do the presentation

of the info day and the digging into the

details uh you're more than welcome to

uh address your questions through the uh

through the chat box and we will have

time at the end of this info day to

answer all of the questions um that

might arise after the presentation of uh

the this info day and the details

following uh the today's agenda it's

about uh the G uh initiative

important dates and phases of the

program The Innovation areas and how to

apply for both uh phases which are uh we

are heading to uh in May 2024 also a Q&A

session will follow at the end of this

info

Day so a few things about the Gaia

initiative uh Gaia is a comprehensive

open Innovation program designed for

innovators and idea holders

here to develop or refine an Innovative

concept into startup with that said uh

this G challenge uh is uh an Horizon

Project which is um uh being granted by

the European Union and the main scope of

the Gaia is to provide Solutions uh

within the energy sector the reason

behind um submitting this kind of

proposal uh for the European Union was

uh the beginning of the war between uh

Ukraine and Russia and and at that point

everyone felt uh the energy crisis um

rising in the European Union so uh here

in months Beyond Innovation we are

really proud to say that we are the

project leaders of this

Consortium uh we managed to submit this

proposal to the European Union and get

so uh to uh to build a great community

of innovators idea holders uh big

organizations mentors and other experts

in the energy sector to build a great

community and try to provide Solutions

within the sector and the challenges uh

that this sector has so uh it's an open

Innovation program uh initially uh

designed to attract uh idea holders

innovators uh young people uh really

likeminded people who would like to

enter the entrepreneurial and startup

journey and we are here to assist in the

very beginning of the journey by

providing uh education Consulting and

guidance through throughout the the

whole

program the participating countries of

for the Gaia challeng is Serbia Slovakia

Poland lva Lithuania Hungary Czech

Republic and

Greece with that said we do uh we we

have planed to uh to have eight Regional

challenges uh during the next couple of

months uh in which Regional challenge we

aim to gather as many uh teams as

possible so to spread out uh the The

Innovation and the entrepreneurial

mindset uh throughout these countries uh

but please note that if for example

someone would like to participate in the

Serbian Innovation Challenge but is not

leing in Serbia right now uh there is no

problem at all uh the challenges each

challenge uh is open to participation

even from uh countries outside of the

afor mentioned uh therefore you're more

than welcome to spread out the world the

word and uh try to raise awareness for

the Gaia challenge all over

Europe regarding the Gaia Partners uh

mtis Beyond Innovation is the project

leader of this Consortium alongside uh

UNESCO chair for green Innovation and

circular economy which is located in the

National Technical University of Athens

and Professor costadino soses also a

great uh uh contribution comes from eat

raw materials who is the leader uh for

raw materials in the European Zone and

we are proud to say that we are

associated partners with the at ra

materials and we we are focusing our

efforts on uh providing Solutions uh in

this sector also the Greek Association

of our Environmental Protection

companies uh otherwise called with the

acronym pppe and the inoc center which

is directly correlated with the

University of Upsala in Sweden so these

partners are are consist consist the

Consortium of the G Challenge and

they're responsible

for making uh this happen make it making

a reality and at the end providing

Solutions within the energy sector about

the scope and the objectives of the Gaia

challenge we would like to focus our

efforts into enhacing entrepreneurial

skills among the participants who are

going to uh apply

for the faces to the faces of the GU

challenge also try to interconnect

Regional ecosystems within the pan

European market and of course to Foster

Innovation and startup generation within

the energy

sector uh participants will have the

opportunity to gain a hands-on

experience on designing and developing

green Innovative solution uh we list uh

they will build uh all together uh a

network with young entrepreneurs uh

really experienced mentors and big

organizations were going to contribute

even more in this um building

community and of course uh the objective

is by the end of September 2025 to be

able to uh establish at least five

startups within the European Zone uh

with Core Business uh to provide uh a

product or service which aims to uh

provide Solutions within the challenges

of the energy or uh the raw material

sector some of the benefits of

participations for the applicants uh can

be highlighted that uh teams who are

going to participate uh will for free

receive uh startup Services worth worth

up to 30,000 so here's a a great a great

benefit and a great opportunity for both

individuals and teams who will have the

opportunity to H get the education get

the consultancy and get the the

mentoring programs uh which is which are

highly uh come come with highly high

quality and from uh really experienced

uh people who are willing to share

information share knowledge and

finally uh try to move a step forward

into finding sustainability within the

European Zone also uh a

great uh benefit can be considered the

network you're about uh to join uh as we

try to keep connected everyone who is

going to participate in the Gaia channel

uh technology give us this opportunity

so uh the connection and the network can

be uh still alive even after the end of

the Gaia challenge meaning September

2025 also in each phase participants

will receive a digital certificate from

a top European Innovation initiative and

this is really important especially uh

if you want to get

promoted uh uh for your skills and the

experience you are going to get from uh

this challenge especially into the

social media professional platform like

LinkedIn which is valid

and gives great credibility on what you

say into your digital

resume and all the aforementioned uh

benefits will come through bootcamp

trainings mentoring sessions by industry

experts and entrepreneurial

resources now about the the phes and the

important dates dates uh of the Gaia

challenge

uh right now we are into the phase one

of the program uh where uh we actually

have ex exceeded uh the deadline for

applications for participating in phase

one where we will we will dive into

these details uh a few minutes later uh

this phase one of the program it's about

the idea generation and having the

regional Innovation

competitions and uh it lasts from March

2024 until May

2024 phase two of the program will

follow uh it's the incubation and the

regional Innovation competition and it

will be starting in June

2024 uh up to October 2024 or otherwise

uh uh Autumn uh the the upcoming Autumn

2024 for phase three we're are going to

invite and promote the best teams who

are going to to be the winners from the

inter Regional Challenge and in this uh

last phase of the program uh the main

scope is to uh do the acceleration and

the startup establishment of this uh

selected selected teams and it will last

from November 2024 until September

2025 a few more details about the

timeline uh we can see here that uh

right now we do run the final info day

uh in case uh there will be another info

day during the next couple of weeks you

will get all informed uh if you want to

join another info day uh for now this is

the final info day for phase one of the

program uh the idea generation and

preparation for the regional Innovation

competition uh will begin at May 15 and

it will last until May 31st and uh

the regional Innovation competitions

will follow from uh May 29 to June

21 at last we're going to have after the

regional Innovation competitions we're

going to have the F visits in each

country in each uh country who in which

we are going to have a regional

Innovation competition uh participants

will have the opportunity to to take a a

firm visit after after this Regional

Innovation competition so to get more uh

about the everyday work the challenges

of this big organizations who are

involved uh actively within the energy

sector and from July 2024 the start of

phase two uh will

begin uh later later on we are going to

have as mentioned previously the

incubation and the general Innovation

competition

uh and uh in Autumn 2024 we're going to

have the inter Regional Innovation

competition which this inter Regional

inter Regional Innovation competition uh

will be uh a competition uh meant to and

designed to be in person so uh teams who

who are going to be promoted to phase

two of the program uh will get the

reinvestment so to travel to the

selected Europe an country and pit their

idea in front of a greater audience and

U develop even more their business

concept uh here is the phase three of

the program uh as we said earlier uh it

will last from November 2024 until

September 2025 and by the end of 2025 we

uh we plan to have at least five new

startups uh into the European

Zone a few words now about the

Innovation areas and um the the

solutions we're trying to find uh in the

sector uh as a broader

uh scope is to find Solutions within the

energy or the raw material sector uh

with that said uh as explained in the

very beginning uh GAA aims to provide

Solutions and uh try to uh find

innovative

ideas so to give to European citizens uh

the opportunity not to face once again

this energy crisis that we've faced

since uh

2021 uh therefore the one main thematic

um area is the energy uh which can be

the uh detailed into the renewable

energy the smart and sustainable cities

the energy stor and the Energy

Efficiency on the other hand we also

have the raw material sector uh and in

this

thematic we can uh divide this thematic

into the substitution of critical and

toxic materials in products and for

optimized performance Recycling and

material chain optimization for rent

Life Products mining in challenging

environments exploration and raw

materials resource assessment design of

products and services for the circular

economy increased resource efficiency in

Mineral and metallurgical

processes please note that in case that

you already have an idea and uh doesn't

feed absolutely 100% to one of these uh

thematic areas uh this doesn't mean that

your idea is not valid for participating

into the Gaia challenge uh uh these

thematics are just a

descriptive um let's say a beginning uh

description of the thematics we're going

to uh to get involved during the Gaia

Challenge and teams are more than

welcome to contribute by trying to

exceed these thematics and provide

Solutions uh where the challenges are

and uh try to find uh a business

Concepts that will make a positive

impact within the European

Zone lastly uh I would like to share

with you a few uh details on how to

apply to the phase one and phase two of

the program so uh you may use this uh

link uh can be also find can be also

found into the chat box uh in which link

uh you're going to uh to to select in

which innovation competition you would

like to uh participate uh you can choose

among the eight

choices and uh uh it will be uh

displayed a new application form where

it's pretty basic actually uh in this uh

in this stage uh you will be asked to uh

fulfill a project name this project name

uh it doesn't have to be the final name

of your project just give a project name

uh and it can be revised uh afterwards

uh we would like to have your full name

of the team representative and also some

contact details like your phone number

and your email address in case uh there

is already uh an existing team uh please

note that it is only required from one

person to submit this application form

as a team representative and uh this

team representative will submit the

contact details of the rest of the team

members of the in the same application

form in case you are individual you will

follow this process and you will

finalize your application as an

individual and there is no problem at

all because during uh bootom trainings

we will have the opportunity to get to

know each other and also try to formate

teams uh so to create um greater chances

for finding uh uh nice and uh innovative

ideas uh for the teams to participate

for the regional Innovation

competitions

also uh a second text box uh follows in

this application form and it's about the

the idea itself so you will be asked to

uh answer the first question question

which is uh if you have a startup idea

already in the Innovation area of the

competition if yes you select yes if no

you select no there is no right right or

wrong answer you just uh fill the

current status of uh the project also uh

it is highly recommended to submit uh

The Innovation area you believe your

idea lies in uh so to understand a few

things about your idea and what you have

in mind in case the two these two

questions uh can be answered with a yes

then uh you are kindly asked to provide

a few words about your idea so to give

us a a glams of uh what you have in mind

and try to understand what it's uh what

is this idea is all

about so uh I think I was I tried to to

keep it short just to to give the room

for questions and discussions and

discussion uh I'm at your disposal for

any questions thank you

for um being here present today for the

GU in for day and please uh anyone who

has a question uh can write this

question to the chat box or raise his or

her hand so to open up the microphone

and address the question verbally thank

you once again and um my colleagues uh

if they can assist me and uh uh reading

the the questions on the chat box if

any for now we have a raised Hand by an

unknown user so you can just open your

mic and ask the

question yes so basically my question is

that it is mentioned that 1300 13k Euro

will be provided as a startup service

whether it be cash or other like AWS

account and other credential for

different Services what what in the form

of what is the form of that

Grant

dear unfortunately I can't read your

name uh thank you for uh opening up your

microphone I'm afraid I would like to uh

I would like from you to clarify a bit

more your question so to give a more

direct answer if you don't mind okay

sure so basically it is mentioned

mention that 30k Euro will be provided

to each of the startup that will be

selected so it is mentioned that it will

be 30k worth of services whether it will

be like some Grant in form of like

monetary Grant like cash or anything or

it will be the services like AWS free

account or AWS credit Google Google

Cloud credits in that form so what is

the form of that 30k ground yeah got it

thank you for the question yes you're

absolutely right in in inside the

presentation it was written that uh

startup Services worth up to 30,000 will

be provided to each team uh these

startup Services uh have to do with uh

the education the Consulting and the

mentoring sessions the teams are going

to uh be uh having during the three

phases of the program uh and also uh it

was it is worth mentioning that uh other

than the uh startup Services worth up to

30,000 uh the three best teams of each

Regional Innovation competition uh will

gain in total

3,000 so the monetary support will be

given to the three best teams uh of each

Regional Innovation Challenge split

equally and also uh the teams who are

going to participate in the inter

Regional challenge will get monetary

support uh for travel expenses uh hope I

answer your question the best way

possible yeah I got my answer basically

top three team will be getting $300k of

uh funding or monetary benefit other 30k

30k as a service like mentoring setup Fe

and all other stuff yeah just let me

clarify the total price uh reward will

be €3,000 not uh three

300 okay okay

okay so other

questions yes please

Esther well what is not quite clear to

me thank you for the opportunity to to

ask a question is uh if we uh apply as

individuals we're going to take part in

a boot camp where we generate ideas

right but if we apply as a team uh then

there is no boot camp for us so we just

pitch at the national

round or how is that going yeah yeah let

me clarify this also thank you for the

question Esther uh so we do have an

extension of the deadline for phase one

of the program uh which phase one of the

pro program

uh will have the bootom trainings this

deadline um is now for May 12 and uh by

that day we

um we invite all uh either individuals

or teams to apply and uh take part on

the bootom trainings once this deadline

is over uh a new deadline will be is set

already for participating in the

regional Innovation competitions it

doesn't matter if someone is going to

participate in phase one of the program

or not uh everyone will have the

opportunity also to participate in phase

two of the program which is the regional

Innovation competitions this deadline

it's uh for the seven European countries

in June 6 except the Greek Regional

Innovation Challenge which the deadline

for participating in the regional

Innovation competition which is about to

take take place in Greece is for the

22nd of May so uh we do have three key

dates the first day it's uh uh common

for all eight uh European countries and

it's uh 12th of May for uh participating

in the ban trainings and the rest two

deadlines it's for phase two of the

program for the regional Innovation

competition in Greece the deadline for

submitting as final your application is

22nd of May and for the rest seven

countries is June

6 hope hope hope I answer your question

Mr yeah absolutely thank you you're

welcome

uh and another hand is been raised and

it's from uh

K yeah good day vasil yeah thank you

very much for the presentation again um

I've I think I've asked this question

last time but I'm not quite sure with

the answer uh I would like to ask like

um uh can you please tell us

the the target markets of the ideas for

example the innovation

for for certain Market would can be uh

innovations that are required for the

certain Market cannot be that valid for

another for example for Greece it would

make sense to come with some ideas that

are specifically with the for the

Greece or for Hungary it may be other

things that might be in the range of

Interest or is is it the totally in in

European level because depending on this

the complexity of the project can be

defined yeah okay yeah thank you for

this question it's a a very good good

question to set the ground for the boot

camp trainings uh so during the boot

camp trainings uh dear we will have the

opportunity to discuss about not only

the idea but also uh how to to create an

overall uh complete business concept

within this business concept is being

included uh the target market of the of

the idea itself so in some cases uh this

idea might uh apply to different

countries or in other cases the target

market could be uh just one or a couple

of countries uh within the European Zone

in any case this target market for each

idea uh has nothing to do with uh the

scope and the objectives of uh the GAA

challenge with other words we do invite

everyone to participate so to get uh the

education the knowledge and the

experience on how to generate ideas and

complete uh a business concept uh

throughout the the whole program and it

comes as a a last priority in which

Market could this business idea

apply in uh in the era we live right now

it is best to uh try to have a niche

market at first and have a Global

Perspective uh for the final product or

service you're aing to to have but it

doesn't have to do uh since the very

beginning try to apply to its Europe

Market hopefully I answer your

question thank you very much that's

another quick question so that would be

possible during the boot camp and

mentoring processes like phase one and

phase two would it be possible to adjust

the topics I mean yes

absolutely absolutely thank you again

for the question this is one of the main

uh rules and uh mind

uh we tend to say that we have uh uh in

the startup ecosystem uh we don't be

afraid to be agile and pivot our idea

constantly so to find the best possible

Feit between the market and our

expertise and competitive Advantage

therefore there's no problem at all to

change uh slightly or uh even greater

the idea during the the whole G

challenge thank you very

much thank you for the questions

K uh we do have another question uh

another raised hand from Mina hello

Mina hello I hope you're doing well uh

thank you Mr vasilis for the opportunity

and for sharing this presentation I

actually applied uh with one idea I have

two ideas and one of them I'm already

involved in in the green energy field

and I wanted to ask you please if it's

like only available for like the

European citizens or it is like like a

non- European citizen can apply since

I'm like from Algeria from North North

Africa and if somehow like he that

person would like let's say he won the

prize he can for example apply for the

startup visa and like launch that

startup in that country he applied for

so this is my question thank you so much

thank you for your kind words Mina and

for your question you are more than

welcome to on board members even from

outside Europe uh this this is these are

really exciting news to spread the word

about the G challenge even outside of

the European countries uh it is uh a

fortune to have people from outside

Europe I can see also on the chat that

uh we do have uh another fellow

participant here who is from India so

there is absolutely no problem from the

counter Orion or the country leaving of

the participants right now for the Gaia

Challenge on the other hand uh we do

want to promote and motivate teams to uh

at the end establish a business entity

within the European Zone uh it doesn't

matter if the target market is going to

be outside Europe meaning doing business

internationally uh but we uh we're

promoting establishing uh business

entities within the European

Zone thank you so much I would uh also

ask you if like I can for example apply

with two ideas or like apply for just

one and if I can apply for like multiple

countries or just choose one of

them

um that's a that's a very that's a very

good question if I may ask in which

country you located right now I'm

located in Algeria in North

Africa okay okay uh so right now you're

uh you're uh you're going to submit as

an individual or you do have uh other

team members with you yes it is

individual okay so um please choose uh

one of the eight Regional challenge is

to submit your

idea uh so to uh get all the the perks

and benefits of this uh

participation in case you want to uh to

submit another idea then uh a good

proposition for you would be to take

part to another Regional uh Innovation

Challenge uh meaning to another

country's Innovation Challenge

if you find yourself that you have the

time to put and the effort to put uh so

to uh take part into two Regional

Innovation challenges with two different

ideas then I don't feel that would be a

problem in any case during the boot camp

trainings we will also try to formate

teams among the participants and also

try to develop uh initially the ideas so

to uh so you can find it more easy to

choose uh between which idea you would

like to move forward even more all right

thank you so much I got it now thank you

you're

welcome more questions do we have more

questions we got a similar question in

the chat uh Maria asks uh she's located

in Spain

and uh what what happens if she can only

establish the company in the country of

Spain there is a thank you Maria for the

question uh since Spain uh is inside the

European Zone I can find any reason why

this would be a problem so uh more than

welcome to establish a new business

entity uh within the Spanish territory

do we have other questions

the uh yeah St is asked asked if he can

use the same idea from the Green Tech

Challenge so thank you stus for the

question actually Gia is being inspired

by the Green Tech Challenge here in

months Beyond Innovation we are really

proud to say that uh We Are The

Innovation enablers and the the thinkers

Behind the Green Tech Challenge which is

uh an open Innovation program designed

for circular economy and green

technologies uh within the Greek market

and we run this program the last seven

years so we are really proud to uh to be

part of this green Challenge and be the

main organizers of this um open

Innovation program in Gree uh GAA is uh

the development of this uh Green Tech

Challenge and of course your it's uh

your idea from Green te challenge is

more than welcome also to the GAA

challenge hopefully we will have the

opportunity uh during the GAA challenge

to develop even more this idea so to

make it a solid business concept and

find your way to establishing a business

entity uh by the end of 2025 so uh long

story short yes you are more than

welcome to submit your idea from greench

challenge to Gaia Challenge

ALS any more

questions for now we don't have any

other

questions great uh in case you haven't

uh

uh write in the chat uh about your

country you're living right now uh

please do so uh it will help us

understand uh the Dynamics uh among the

countries who are going to uh uh who are

going to have the regional Innovation

challenges um I would like to thank you

for being present today in this final

info day for the ga challenge

uh we do uh keep in touch we will

contact you again or uh otherwise in

case you have H any questions or you

would like to uh follow up with some

kind of clarification regarding the the

challenge uh please do so uh our emails

and uh support are always active for

your

participation

uh we are wai waiting for your

application for one of the eight

Innovation challenges and we're

welcoming you in the boot camp trainings

were're about to start in may 2024 until

then uh we we will keep in touch through

emails and uh the contact support uh

from uh montis bi team uh will be here

for you uh thank you once again for

being here today and uh have a great

evening thank you all vasil we have two

more questions

now oh yeah uh we have a question if any

instruction

for potential uh mentors will be given

instructions to mentors

actually thank you for the question of

course um instructions and an not

boarding meeting will be set with the

mentors uh all over Europe uh so to

provide the best possible guidance to

this uh experience and also very we are

very thankful for the participations of

the mentors to the G

challenge thank

you sorry just a quick question just

clarification um did I get you right

that the application deadline is

extended to to May 12th right so not

April 17th then now it's May

12th exactly you're you're absolutely

right KRA the deadline has been exceeded

from April 17th to May 12th okay yeah

thank you very

much must we good Ser asks uh if some

countries are more competitive than

others uh if he could register to

another country instead of the first

one everyone is can choose freely in

which Regional Innovation competition

would like to participate H competition

on the other hand uh in most of the time

seems more than welcome because uh with

competition we tend to develop even more

our ideas and get better and better uh

you're free to choose in which region

Innovation Channel you would like to

participate here G and hopefully um your

idea uh will be a gr one so to be

promoted for phase two of the

program now we are

good okay so uh last time uh for once

again I would like to thank you all for

being here today uh have a great evening

and we'll be in touch thank you

all bye-bye yeah thank you very

much thank you goodbye thank you

byebye

bye

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