UAB NFQ Technologies together with partner Kazimieras Simonavičius University is conducting a European Union investment project which aims to help clients build a successful business by collaborating with top specialists. The goal of the project is to develop a Stovendo Intelligence product prototype, conducting the required research and development work. The project task is to perform the R&D activities needed to create a product prototype.
The project will constitute a direct contribution to all the topics of the SMART priority “Information and Communication Technologies”: Artificial Intelligence, Big and Distributed Data, the Internet of Things, multidisciplinary analysis, processing and deployment, cyber security, financial technologies, and block chains.
The project “Stovendo Intelligence: a multichannel business process research and optimization platform” is being implemented under the Operational Programme for EU Structural Funds Investments for 2014-2020, priority 1 “Promotion of Research, Experimental Development and Innovation”, measure No. 01.2.1-LVPA-K-856 “Experiment”. The project is being financed from the European Regional Development Fund, with a total of EUR 2,321,481.39 of project costs eligible for financing. Up to EUR 1,189,916.68 (one million one hundred eighty-nine thousand nine hundred sixteen euros and 68 cents) of the financing allocated to the project is being allocated for implementation of the project and the remainder is financed from resources of the executor of the project.
The project is financed by the European Regional Development Fund as a means of EU response to the COVID-19 pandemic.