The Horizon 2020 SME Instrument offers Europe’s brightest and boldest entrepreneurs the chance to step forward and request funding for breakthrough ideas with the potential to create entirely new markets or revolutionize existing ones.
Out of 1,658 proposals submitted from all over Europe, Sitemark is one of sixty-three organizations (the only from Belgium) receiving this funding.
Founded in Belgium, Sitemark is a world-leading Aerial Data Analytics company active in +30 countries within the Energy, Mining, Agriculture and Construction industries. Sitemark enables enterprises to deploy drones and aerial data at scale while enabling their digital transformation strategy.
Sitemark continues to establish itself in the Aerial Data Analytics industry and used by some of the worlds Fortune 100, 500 and 1000 companies such as Vinci, Engie, Bouygues, Orix among others. Within the Energy, Mining, Agriculture and Construction industries, Sitemark has helped their customers reduce and streamline costs, avoid project delays, and manage large portfolio projects across the entire life cycle of the site.
Prior to the commencement of the H2020 SME project DroneGrid (aka Sitemark since May 2018) was already in discussions with some of Europe’s leading enterprises within Construction (Roads and Bridges), Energy (Solar and Wind) and Mining (Equipment Inspections and Open Pit Mining).
Trial projects were planned throughout the development and commercialization phase of the Sitemark solution over a 24-month project period. This was done primarily to ensure high product/partner satisfaction, strong overall product/industry fit. Another reason for performing projects over multiple test sites in different locations was to ensure adequate data was being gathered to train the machine learning algorithms during the course of the H2020 SME project.
Receiving this funding is a great vote of confidence by the EU and it makes us very proud and resolute in our commitment towards innovation and growth. This funding will be used towards developing new solutions for inspections of vertical structures within the existing 3 industries where Sitemark operates: Mining, Construction, and Energy. Examples of where our solution is currently deployed include the building of some of the largest wind farms in Africa, an inspection of complex conveyor belt structures in Europe’s largest open-pit mine, and construction monitoring on the A7 and A9 highways in Germany.Vishal Punamiya, CEO
The funding will go towards establishing a local presence in markets like India, Japan, Australia, and the US. These countries are becoming some of Sitemark’s key markets outside of Europe. Additionally, our team in Europe will be welcoming an additional 8 to 10 new talented individuals to our already growing team to further support the companies new ambitions.
The EIC Accelerator (SME Instrument) is a public funding program that funds risk innovation in small businesses. It funds market-creating innovation in disruptive small businesses that have significant growth potential and global ambitions. The EIC Accelerato (SME Instrument) is part of Horizon 2020 – the EU’s 80 billion € funding programme for Research and Innovation for 2014-2020.
Only the most innovative companies get selected. Until now, out of over 50,000 applicants, 4,500 companies have been funded. This shows how intense the competition is under the program and demonstrates the high quality of the proposals funded. 25% of the companies funded under the EIC SME Instrument are in the 10% fastest growing companies in Europe according to Venture Radar.
Companies receive up to € 2.5 million to bring their innovation to the market, free coaching and support in commercialization – like facilitated access to overseas trade fairs.
Solar Asset Management North America - March
UAV Expo Amsterdam - April
Solar Asset Management Japan - May
Intersolar Germany - June
Solar Asset Management Australia - July
Intergeo Germany - September
Solar Power International - September
UK Construction week - October
Making Solar Bankable Amsterdam - February 2020
PV Operations Europe - March 2020
ConExpo - February
Solar Asset Management Europe (Virtual) - November
Solar Asset Management Australia (Virtual) - November
Solar Market Parity Spain (Virtual) - December
Horizon 2020 is the biggest EU Research and Innovation program ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries, and world-firsts by taking great ideas from the lab to the market. https://ec.europa.eu/programmes/horizon2020/