The Basque Acceleration Program evaluates technological products or services with applications for advanced manufacturing, intelligent energy and health and food technology
Pervasive Technologies, company specialized in the development of Artificial Intelligence solutions, has been named finalist in the 5th edition of the international program of acceleration of startups Bind 4.0 (Basque Industry 4.0) thanks to its solutions for the industrial and retail sectors: PPE detection, automatic reading and extraction of information from text (ICR) or images or text (OCR) and analysis of supermarket shelves (CPG Analytics).
This public-private initiative analyses solutions based on the new technologies of the 4.0 industry, such as Big Data, augmented and virtual reality, collaborative robotics, cyber security, IoT or 3D printing, among others, and which have applications for fields such as intelligent energy, food and health technology and advanced manufacturing.
The project promotes the promotion of promising 4.0 industrial companies through the connection with important international companies in search of innovative solutions and with the main industrial companies of the Basque Country. It has already been of great help to 108 startups, which have become leaders in innovation and references for other companies through the network of contacts, access to useful tools, workspace and technical support, and the funding that Bind 4.0 has made available.
This acceleration program offers market and growth opportunities by providing visibility to the startups, networking contacts and the possibility of closing contracts with their corporate partners of up to 150,000 euros. If successful, Pervasive Technologies will start in the program in January 2021 and present a demo in July.
The project is led by the Basque Government and its business development agency SPRI, and is supported by the three Provincial Councils of the region.
“We are very proud to be a finalist in Bind 4.0. We are immersed in a NEW technological revolution and 2020 has only highlighted the need for a digital transformation of companies. Our cutting-edge technological solutions can be a great help for companies in industrial and retail sectors,” says Rodolfo Lomascolo, co-founder and CEO of Pervasive Technologies.