RoadCloud Oy receives a highly competitive EU H2020 SME Instrument Phase 1 grant of 50.000 €. The European Commission awarded grant falls under EU’s research and innovation program Horizon 2020 which targets small and medium-sized enterprises (SME). The grant is part of the Horizon 2020 work programme of 2018-2020 and it’s directed towards high potential innovations and the brightest innovators with ground-breaking ideas.
RoadCloud’s distinct Connected Car (CC) data platform innovation will improve traffic safety, reduce traffic jams, improve efficiency and reduce pollution for CC data ecosystems. The innovation expedites the introduction of MaaS (Mobility-as-a-service) by providing value from the fleets. The main market of the service is directed to is B2B and the aim is to sell data for road owners, road maintenance companies and companies dealing with traffic information systems. RoadCloud’s service provides e.g. up to date road condition information, icy road alerts and road weather data which are highly valuable and increasing in importance in the development of autonomous driving.
The grant enables further research on locations where RoadCloud can start piloting the service. RoadCloud’s plan is to do market research on various locations in Central Europe in order for RoadCloud to determine where the need for such service is high. RoadCloud wants to act as a data platform between vehicle owners and CC data utilisers.
The grant will boost company growth and further development of the technology. RoadCloud is getting ready to apply for Phase 2 of the same grant which is even more sought after by companies all across Europe as it varies from 50.000 to 2.5 million € depending on the innovation.
“We are very pleased to receive the SME Instrument grant which will expedite our growth even further”, says Dr. Ari Tuononen, CEO of RoadCloud. “The project will help us reach our goal of anonymised vehicle data becoming widely and easily available”.
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