Lublin Info Centre

Startup from Lublin to be the first beneficiary of Startup Platforms

Predictail - startup from Lublin developing modern technological solutions in remote diagnostics and failure prediction. Its team participated in Startup Platforms acceleration programme and, as the first venture in Poland, was accepted to be eligible for support amounting to PLN 800,000 (EUR 186,000) for developing its business activity.

Predictail, startup from Lublin, was provided with ample development opportunities by participating in acceleration programme organised by The Polish Agency for Enterprise Development (PARP) taking advantage of the financial support from EU grants available as part of the East Poland Programme. For the last few months, the team could develop their venture by participating in Connect Startup Platform, a project implemented in Lublin Science and Technology Park. Few days ago, Predictail was announced to be the first Polish project eligible for financial support amounting to PLN 800,000 (EUR 186,000) available as part of sub-action 1.1.2 Operational Programme Eastern Poland, “Development of Startups in Eastern Poland”, stage 6.

Predictail developed a system of remote diagnostics and prediction of failure of industrial machinery. Predictail Device allows for ongoing analysis of all information processed in a company. This is possible by providing communication buses in industrial equipment with state-of-the-art machine learning algorithms. The data supplied is transformed into a simple form available 24/7 via web application.

Moreover, recently, Predictail was accepted into prestigious MIT Enterprise Forum Poland accelerator programme founded on the know-how shared by one of the best universities of technology in the world, Massachusetts Institute of Technology. The chief objective of the programme is to support innovative micro and small enterprises developing unique technologies in accelerating commercialisation of the solutions they offer. Through an application process, the selection committee chose twenty three startups, five of which will be admitted to a one-week bootcamp organised by Massachusetts Institute of Technology in Boston.

[photo via: Lublin Science and Technology Park website]

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