Public funding

EIC Accelerator - European Innovation Council

The EIC Accelerator 2024 is a European funding program supporting innovative startups and SMEs with breakthrough technologies.

Project implemented in the company:

AISPECO, a manufacturer of geospatial data collection platforms, has raised a €2.4 million investment from the European Innovation Council (EIC). The EIC is Europe’s main innovation program, designed to identify, develop, and promote breakthrough technologies and innovations that can fundamentally transform markets and create new opportunities across various industries.

This significant investment will be used to develop a next-generation product line that will integrate artificial intelligence (AI) into AISPECO’s solutions. The new line will not only enhance the self-service capabilities of our products but will also allow the company to enter new market segments, creating fresh opportunities for growth and contributing to overall market expansion.

AISPECO, a manufacturer of geospatial data collection platforms, has raised a €2.4 million investment from the European Innovation Council (EIC).

“Receiving such a high level of trust at the European level is an acknowledgment we have never received before,” said Mantas Vaskela, CEO of AISPECO. “As the Lithuanian Science Council highlights, EIC support is like the Euroleague of scientific projects, where top-level professionals compete. To be noticed and appreciated among them is proof of the professionalism and hard work of the AISPECO team, as well as the significance of the solutions we develop in both the European and global context.”

This recognition underscores that the solutions created by AISPECO meet the highest standards of quality and innovation. The investment will allow the company to further strengthen its position in the global geospatial market.

Would you like to learn more about all the projects implemented by AISPECO? Stay updated by checking out our public funding section!