TRIESTE, Italy, Aug 17, 2020 – ESTECO has been recently included in the EU Innovation Radar initiative for our contribution to the EU-funded project COMPOSELECTOR.
Based on a data-driven methodology, the Innovation Radar is a European Commission initiative that has the aim of identifying high potential innovations and innovators in EU-funded research and innovation programs. Among others, the EU Commission analyzed and recognized the innovation delivered within the COMPOSELECTOR project, we take part in as a partner.
The purpose of the COMPOSELECTOR project is to develop a Business Decision Support System (BDSS), specifically tailored to enhance the informed decision making in the composite materials design and manufacturing. We’ve been participating in this project with our online BPM editor Cardanit, which contributed to the definition of a system that integrates material modeling, business tools and databases into a single workflow.
The EU Commission categorized the COMPOSELECTOR project according to both maturity level and market potential:
- Innovation Title: COMPOSELECTOR
- Market Maturity of the Innovation: Tech Ready
- Market Creation Potential of the innovation: Addresses needs of existing markets
In this analysis we’ve been acknowledged as “Key Innovator” in the development of this project together with the Luxembourg Institute of Science and Technology (LIST), which is Coordinator of the project.
“We’re very proud of this recognition. We’ve worked hard in this project, consolidating our experience in standard-based solutions, and this acknowledgment represents a further motivation to keep exploring new innovative technologies.”
ESTECO is an independent software provider, highly specialized in numerical optimization and simulation data management with a sound scientific foundation and a flexible approach to customer needs. With more than 15 years’ experience, the company supports leading organizations in designing the products of the future, today. ESTECO smart engineering suite brings enterprise-wide solutions for design optimization, simulation data management and process integration and automation with the aim of helping companies excel across this innovation journey. Over 300 international organizations across many different industries have chosen ESTECO to consolidate specialized expertise, streamline teamwork and boost product development. Founded in 1999, the company is headquartered in Trieste (Italy), with offices in Michigan (USA), Pune (India) and an international network of channel partners. For more information, visit www.esteco.com.