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PhantoMinds SIGNED

Better and faster innovations with PhantoMinds’ instant automated recruiting tool for open innovators

Total Cost €


EC-Contrib. €






Project "PhantoMinds" data sheet

The following table provides information about the project.


Organization address
address: AM SANDTORKAI 37
city: Hamburg
postcode: 20457
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Germany [DE]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2020-05-31


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PHANTOMINDS GMBH DE (Hamburg) coordinator 50˙000.00


 Project objective

'70-90 percent innovatin flops- The avoidable bad investments of 10 billion euros a year! This is highly related by the innovation methods in use which are not able to deal with the fast-changing markets nowadays. In the innovation race between countries and companies, the biggest challenge for companies is to build and identify executable ideas and innovations, especially ideas and new products their customers want and buy.

PHANTOMINDS is a start-up from Hamburg, which was founded with the goal to become the No. 1 crowdsourcing provider for collaborative innovation development in Europe. We focus on the needs of companies to respond more flexibly and quickly to changing markets and conditions. PhantoMinds offers companies an open, digital and iterative innovation process via a crowdsourcing approach to SMEs and large companies. By doing so, PhantoMinds enables SMEs to use the crowdsourcing community platform to develop ideas and innovations by using the perspectives, expertise and knowledge from the creative community and/or in combination with external experts and the company’s clients.We have already designed and implemented a new module as a 'big data' solution named 'open innovator/lead user internet screening for companies' on twitter, facebook and linkedin.

The key market of our solution is the market for Innovation Management. This market with a volume of 379 M€ in 2017 is developing extremely rapid with a CAGR (2017-2022) of 29%. Our goal is to achieve a mar-ket share of approximately 10% in Europe within the next 5 years, which is about 8,7M€.'

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The information about "PHANTOMINDS" are provided by the European Opendata Portal: CORDIS opendata.

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