IBB and EU support DNL with seven-figure sum
● DNL aims to bring the Info Provider project to market by 2024
To develop an innovative platform for corporate data, Investitionsbank Berlin and the European Regional Development Fund (ERDF) are supporting Deep Neuron Lab with funding worth millions.
IBB's Pro FIT programme is now co-financing research and development of a new product. The founders, Andreas Schindler and Iason Georgakopoulos, and the team at DNL would like to thank IBB, the European Regional Development Fund and everyone involved.
By 2024, Deep Neuron Lab will introduce artificial intelligence to the enterprise data market with their Info Provider project. "...many manual processes can be automated here. We have several sub-projects to rewind the entire process chain. This will allow us to provide information much more cheaply, quickly and uniformly," says CEO Andreas Schindler about the project. The large-scale project consists of several digital applications that were developed in consultation with experts from the insurance and finance industry. The Notes Auditor already facilitates the work of auditors in the audit of notes. The revised version of the Balance Reader will enable lending banks and insurance companies to check the creditworthiness of companies by automatically extracting and analysing all relevant financial data from the annual financial statements.
The bundling and further development of existing applications as well as the development of new applications for the Info Provider will provide a wider circle of users with all necessary financial data.
This project is co-financed by the European Regional Development Fund [ERDF].
Via Investitionsbank Berlin:
Investitionsbank Berlin (IBB) is the development bank of the State of Berlin. It actively contributes to the development of Berlin as a business location with its economic development activities. One of its funding programmes is Pro FIT, which is co-financed by the European Union and, as the central innovation funding programme of the state of Berlin, finances technology-oriented projects in all innovation phases - from research to market launch.
Through the European Regional Development Fund:
The European Regional Development Fund (ERDF) aims to strengthen economic and social cohesion in the European Union by addressing disparities between different regions. The ERDF focuses its investments on several priority areas such as research and innovation, the digital agenda, support for small and medium-sized enterprises (SMEs) and the low-carbon economy.
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