The Innovation Fund was set up with the revenues of the emission trading system (ETS). The purpose is to reduce greenhouse gas emissions by private companies in harder to abate sectors. It aims at 4 technologies: renewable energy sources and storage, carbon capture and storage, carbon capture and utilization, innovative low carbon solutions.
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 supports 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 functionalities and go to the market. With the grant, that was an essential component of their second investment round, Avia-GIS aims at raising its revenue from the current 2 M€ to 14.2 M€ in 2024, and increase the headcount from 15 to 58.