"NFQ Technologies," in collaboration with SMK College of Applied Social Sciences, is implementing a European Union investment project

"NFQ Technologies," in collaboration with its partner SMK College of Applied Social Sciences, is implementing a European Union investment project aimed at helping clients build successful businesses by collaborating with top-level experts.

The project's goal is to create an automated freight route analysis and compatibility platform for generating high-value commercial transactions with the highest probability of success, thereby reducing the rate of empty routes.

The primary task of the platform is to analyze and match the freight route service requests available in the market with the specific company's serviced freight routes and calculate the best deal offer. The main objective of the platform is to provide scenarios for making deals with prices high enough to make the freight service profitable but low enough to beat competitors' offers.

The project is implemented under the development program progress measure No. 05-001-01-05-07 "To create a consistent system for promoting innovation activities," activity "Promote the supply of innovations," sub-activity "Invest in the development of new high value-added products and enable researchers to participate in companies' R&D activities, promote intellectual property, early pilot production of newly created products, and market preparation" (Mid and Western Lithuania region).

The total project value is EUR 3,534,285.87, of which EUR 1,994,999.54 is funded by the "EU funds" and EUR 1,539,286.33 is funded by the project implementer and partner.

The project began in June 2024 and will be completed by June 2026.