FIWARE FINODEX chooses the best three companies within its first acceleration programme

FIWARE FINODEX chooses the best three companies within its first acceleration programme
19/01/2016
Each of the companies have been funded between €115,000 and €170,000

Two Spanish companies (Linknovate and Geezar) and another company located in Estonia (Medical Technology Group) have been the three winners of the first round of the ICT projects accelerator FIWARE FINODEX supported by the European Commission. These companies have been through four different phases in the acceleration competing with 196 projects. Each of the finalists has received between 115,000 and 170,000 euros of funding to launch their projects.

FINODEX is one of the 16 accelerators funded by the European Commission to support SMEs and entrepreneurs projects based on Open Data and FIWARE technologies. The main goal is creating new ICT products and services to improve the sector’s competitiveness. FINODEX is led by the Spanish international company ZABALA Innovation Consulting and integrated by a consortium of six more European partners.

FINODEX has already selected more than one hundred innovative projects via two open calls launched in 2014 and 2015. Each project will obtain between 10,000 and 170,000 euros of equity-free funding. FINODEX is investing 4.64 million euros to support the selected projects.

The winning projects

- The 1st place has been for Linknovate. The company has received 170,000 euros coming from FINODEX. "Innovation Linknovate Search Engine" is a competitive intelligence technology, based on a search engine that helps manufacturing and R&D equipment in companies to find technologies  and partners.

- 2nd place for Xpressomics. They have received 135,000 euros of funding. The project is a seeker of genetic information aimed at pharmaceutical industry and medical researchers.

- 3rd place for Geezar with its Fruitwatcher project. They have developed a device that monitors in trucks of fruit the humidity, temperature and location to verify that the fruit reaches its destination in good conditions. They have also made a device for shipping containers carrying fruit to China. 115,000 euros have been achieved.