QuasarDB Laureate of EIC Accelerator (SME Instrument)July 31, 2019
The EIC Accelerator (SME Instrument) is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, and small companies with funding opportunities and acceleration services. The main focus of the EIC Accelerator (SME Instrument) is on market-creating innovations that shape new markets and generate jobs, growth and higher standards of living.
QuasarDB team was successful thanks to its TransDB project which is based on QuasarDB technology and fitted for the transportation sector.
Indeed, the transportation sector is now being revolutionized by the emergence of new technologies, such as electrification, Big Data, Internet of Things (IoT), Artificial Intelligence (AI) and Analytics. Connected vehicles produce a massive flow of data from their sensors and connected systems. Real-time processing of this data will enable predictive maintenance, proactive incident management, transportation planning, and enhanced traffic management, with major environmental, economic and social positive impacts.
TransDB leverages our proven QuasarDB database, with support for specialized analytical queries for transportation and with geo-localization capabilities. We have already successfully demonstrated QuasarDB to big players in the transportation industry and EIC Accelerator will help us become the undisputed leader in this market