ELASTIC has been selected by the European Commission’s (EC) Innovation Radar among the most innovative EU projects. Specifically, two innovations coming out of the ELASTIC research were assessed by the Joint Research Centre’s Market Creation Potential indicator framework as to be addressing the needs of existing markets and existing customers and as actively exploring value creation opportunities.
Only EU-funded innovations from high-quality projects have the opportunity to feature in this platform, which helps make the technologies visible and accessible to the public.
The innovation entries of ELASTIC are the following:
- Software architecture and platform for deploying complex, distributed data applications in a fog (heterogeneous cloud) computing environment, with its Key Innovators being BSC, SixSq, and Information Catalyst.
- Real-time IoT Sensors and Data analytics for Tramway operations, with its Key Innovators being GEST and THALES Italia.
EC Innovation Radar
The Innovation Radar is an EC initiative to identify high potential innovations and innovators in EU-funded research and innovation projects. Its main goal is to allow every citizen, public official, professional and business person to discover the outputs of EU innovation funding and give them a chance to seek out innovators.
By providing greater access to such information, the platform hopes to encourage the development of a dynamic ecosystem of incubators, entrepreneurs, funding agencies and investors that can help get EU-funded innovations faster to market.
In recent years many great EU-funded innovations identified by the Innovation Radar have also been championed as part of the Innovation Radar prize scheme.