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GALACTICA aims to support the creation of new industrial value chains around textile and aerospace based on advanced manufacturing across EU to throttle growth and employment of the future by the development of long-term internationally competitive goods and services that require combining different competences and innovative solutions. This way, GALACTICA will empower Industrial intelligent systems or Industrial Internet of Things as part of the strategic alignment with priorities on strategic emerging value chains.
GALACTICA’s strategy is:
1. Cultivation within an open collaboration space focused on supporting SMEs to change the mindset about digitalization and empower them to start partnerships.
2. A set of dedicated grants complemented with coaching and technological vouchers to assess the feasibility and small technical tests aimed at minimum viable products of a new value chain.
3. Large scale demo of the new value chain with dedicated grants for SME consortia with coaching and technological support.
4. Scale-up support to leverage additional funds. GALACTICA will connect successful SMEs with private investors and other initiatives for scaling up the innovations.
In total, 4M€ (79% of budget) will be dedicated to SMEs through diverse vouchers to support technological innovation and value chain creation.