Impact Evaluation of the Open Data Incubator Europe
Assessing the impacts and influence of the Open Data Incubator Europe
Impact Assessment Study for the Open Data Institute – 2017
IDC carried out an independent impact assessment for ODINE’s incubation programme to evaluate whether ad to what extent ODINE achieved its main objective to attract and fund a group of innovative digital companies with original business ideas about Open Data and accelerate their time to market and chances of success. The assessment was carried out in March-April 2017 and was based on data collection through an independent survey of the 57 funded companies and 10 non-funded companies, the information published by the companies, ODINE’s databases and documents repositories. IDC developed a forecast model estimating potential revenues, jobs created and the number of customers of these companies to 2020, under a main and a counterfactual scenario. The results were compared with the impact assessment of the FIWARE Accelerator Programme, which funded over 1000 startups and SMEs, carried out by IDC in 2014-16.
Through this impact assessment, IDC provided answers to these key research questions:
- What impact has ODINE had on company growth?
- How successful were the business plans of ODINE’s participants?
- What is the benefit of open data to participant businesses?
