Aqdot is pleased to announce that it has been awarded a Horizon 2020 SME Instrument Phase 1 grant of €50,000 to assist the technical and commercial feasibility study of its odour and volatile organic compound (VOC) management technology AqFresh.
Funded by the European Union, the Horizon 2020 SME Instrument supports Small and Medium-sized Enterprises and breakthrough innovation projects with a market-creating potential.
This grant will allow Aqdot to continue building the business case of the AqFresh innovation in its focus markets by gaining a deeper understanding of customer needs, validating target sector attractiveness, and gaining sufficient market insight for value extraction.
Tim Wright, Aqdot’s CEO said:“Aqdot is grateful to the European Union and Horizon 2020 SME Instrument for this award. It is well known that this is an extremely competitive process. The award is a welcome validation of our innovative, proprietary technology in odour and VOC management and its significant commercial potential in creating multiple global markets.”