Since 2012, Ascendia has also expanded its activities in the area of research and development, allocating part of the available resources to this area.
Two relevant recent examples relate to our expertise:
In 2017 the company started a research-innovation contract financed by structural funds (European Regional Development Fund and State Budget) through the POC 2014-2020 programme, a project entitled "Innovative services for publishing, editing, consulting and online management of school textbooks" - acronym LIVRESQ. It is funded through Priority Axis 2 - "Information and Communication Technology (ICT) for a competitive digital economy". This project was completed in August 2019, at which time the official launch of the resulting product (LIVRESQ platform - www.livresq.com) took place.
The total amount of non-reimbursable eligible funding approved for this project for the period August 2017-August 2019 was 2,252,920 lei, of which a total amount of 2,054,697 lei was absorbed, to which was added a co-financing from own resources in the amount of 507,223 lei, the developed product remaining the property of Ascendia S.A., thus ensuring a new line of business for the next period.
In 2019 the amount of 970,180 lei was received as non-reimbursable financing. It is worth mentioning that after the completion of the project financed by European funds, the company continued the development of the product from its own sources, an activity that will continue throughout the life of the product.
In 2021 the Ministry of Research, Innovation and Digitization, as Intermediate Body for the Operational Competitiveness Programme 2014-2020, on 30.09.2021 finalized the signing with Ascendia S.A. of the financing contract related to the project "Innovative system for management and analysis of large data used to manage the guarantee of products or services", SMIS Code 2014+: 123011, submitted by our company for funding in 2018 under the call POC/222/1/3. The project, whose internal code is "eGarantie", will run for 24 months, starting from the date of signature, in partnership with the University of Bucharest.
The general objective of the eGarantie project is to develop an IT product for the three main actors: the consumer, the supplier of the guaranteed product/service and the provider of warranty service, with the aim of ensuring fast and efficient access to all the information related to the warranty of a product or service, while generating a wide range of useful information on various commercial or technical aspects, based on the analysis of a large volume of data ("big data"). The project is intended to expand the business lines of Ascendia S.A., our company will own all intellectual property rights to the resulting software product.