Testimony
AVIA-GIS / SMEinstrument
Avia-GIS is a Belgian innovative SME established in 2001. They have built research and public authority trust over the past 19 years and developed a unique, disruptive software suite - VECMAP® - that will support society to overcome one of its important health threats, the spreading of Pests of Public Health importance.
With the help of a Horizon 2020 SME Instrument-phase 2 project, they will be able to add Integrated Pest Management (IPM) functionalities and bring VECMAP®IPM to the market. Within 5 years Avia-GIS will enable 2000 SME pest controllers and 2340 local authorities to shift to IPM strategies. With the grant they will raise revenue from 2 M€ to 14.2 M€ in 2024, and increase the headcount from 15 to 58.
The Horizon 2020 grant was an essential component of their second investment round. To date Avia-GIS already raised 1 M€ in additional private equity and they are now are seeking to complement this with an equal amount as a subordinate loan.
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