Two Estonian IT companies, Keel24 and Sentab, start Horizon 2020 SME Instrument Phase 2 projects← Back to press releases
Consultants of Invent Baltics supported Keel24 and Sentab in preparing successful project proposals to Horizon 2020 SME Instrument Phase 2 funding programme. Keel24 and Sentab are the first Estonian firms that have been successful in the Phase 2 projects as coordinators. Both proposals were submitted to highly competitive “Open Disruptive Innovation Scheme” topic, in which 14 applications were selected for funding from altogether 191 project proposals.
Keel24 OÜ is known for its accelerated language-learning brand Lingvist. Lingvist is a computer-based language-learning software, which uses statistical and mathematical optimization methods for tailoring the software to each individual so as to maximize their learning efficiency and effectiveness. During the Phase 2 project Keel24 will be increasing the algorithm efficiency, adding new languages, and scaling up the software for entering larger target markets.
Sentab Estonia OÜ is committed to developing a social interaction platform for seniors that provides entertainment, interaction family and friends, and monitoring functions. The uniqueness of the platform stems from its ability to effectively analyse user behaviour data and solicit early actions to improve the quality of life and adequately respond to negative changes. During the Phase 2 project Sentab will focus on developing a set of complex software algorithms for detecting mood patterns and recognizing trends in senior’s emotional state, an internet protocol based communications system and a data base management system.
The SME Instrument is a funding instrument under the Horizon 2020 Research and Innovation program specifically targeted to innovative Small and Medium-sized Enterprises (SME) in Europe and associated countries. The instrument aims to fill the gaps in funding for research and innovation at early stages and thereby accelerate the exploitation of novel solutions to address key societal challenges or enabling technologies. The SME Instrument Phase 1 funding supports SMEs to cover the funding for initial feasibility assessment and business modelling for the novelty. Phase 2 funding is targeted to SMEs with particular focus on product development, demonstration activities and initial marketing activities.
The next cut-off date for Phase 1 and Phase 2 project proposals is March 18, June 17 and September 17, 2015. Invent Baltics OÜ provides initial consultancy regarding funding opportunities within the Horizon 2020 Research and Innovation program free of charge.
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