Worldsensing among the five European businesses who received support for innovation efforts
Barcelona, December 2017
The Web Summit 2017, held last November 6-9 in Lisbon, once again gathered attendees from over 160 countries making it the largest tech conference in the world. The summit exhibited the entire ecosystem of European entrepreneurship and featured key companies who have expanded operations outside the EU with the support of the Enterprise Europe Network (EEN or the Network).
The EEN highlighted five European small and medium-sized enterprises (SMEs) who were granted direct support for innovation efforts. Among them was Worldsensing and its project Fastprk2, a success story which shows the active involvement and rapid growth potential of an EU tech company who collaborated with the EEN.
In 2016, Worldsensing was granted funding by the Executive Agency for Small and Medium-sized Enterprises (EASME) of the European Commission for Fastprk2, an initiative to develop the next-generation of parking detection systems equipped with advanced services for cities and citizens, all merged in a single mobility platform.
Fastprk2 will provide one of the most competitive smart parking solutions in the industry based on high-accuracy sensors, advanced IoT technology, Operational Intelligence services and concrete learnings from previous Fastprk deployments. Cities using the first Fastprk release have reduced downtown traffic flow by as much as 18% and parking infringements by 55%. The more efficient parking systems also contributed to additional revenues for parking operators.
In the succeeding months, Worldsensing will be conducting field trials of the new Fastprk2 framework in actual environments in collaboration with partners and stakeholders initially in 5 EU countries (Spain, Poland, Germany, France and Austria). Worldsensing aims to perform extensive testing and staff training in order to determine the maximum potential of Fastprk2. The testing phase will be crucial to guarantee the level of excellence expected from the revamped Worldsensing product which will be launched in the market in early 2018.
Andrea Bartoli, Head for Innovation at Worldsensing, expressed his optimism with the EEN alliance.
“The European Innovation Council is an invaluable partner for business expansion. We highly recommend a collaboration with the EEN for the most up and coming European startups and projects such as SME Instrument, Innovation Actions and others. The partnership enabled Worldsensing to connect with international experts in the field of digital technology, more accurately define a technology roadmap through coaching experiences, identify new business opportunities and potential investors and showcase the company’s innovation achievements in international events such as the CEBIT and the Mobile World Congress. We are delighted to be part of this prestigious programme and we are grateful for the support and professionalism of the Enterprise Europe Network (EEN), ICF MOSTRA and ACCIO during the Web Summit 2017.”
Worldsensing is a widely recognized global IoT pioneer. Founded in 2008, the Barcelona-based technology provider delivers Operational Intelligence to traditional industries and cities. With over 80 employees and offices in Barcelona, London and Los Angeles, Worldsensing is globally active and has customers in over 50 countries on 5 continents.