Horizon 2020 SME Instrument (Eco Innovation) Phase II proposal – ZenRobotics OY
ZenRobotics Oy, a Finnish company, received €2 Million funding from the Horizon 2020 SME Instrument Phase 2, for developing its next generation robotic waste sorting system. The new generation utilizes advanced multi-sensor systems and machine learning technology for sorting commercial and industrial waste. ZenRobotics solution has the potential to revolutionize waste sorting, replacing low-performing hazardous manual jobs with highly efficient and fast autonomous robotic pickers. The major innovation of ZenRobotics is a unique self-learning system, which gathers data of its environment, makes smart decisions and moves a robot arm in an unpredictable environment.
The SME Instrument is a part of the Horizon 2020 Research and Innovation programme specifically targeted at 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.
Invent Baltics coordinated the whole proposal preparation process assisting ZenRobotics in defining the product development plan, conducting the necessary economic feasibility assessments (market surveys, competition analyses, revenue calculations) and formulated a winning project proposal.