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Food and Agriculture Cloud Technology Universal Application Layer - FACTUAL
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Food and Agriculture Cloud Technology Universal Application Layer - FACTUAL received EU Grant

FACT is awarded development fund under the funding framework of the European Commission and Fractals project in competition between 269 European companies.
Belgrade, June 4 2015

FACT is proud to announce that its proposal entitled "Food and Agriculture Cloud Technology Universal Application Layer - FACTUAL" was awarded development fund under the funding framework of the European Commission and Fractals project in competition between 269 European companies.

The purpose of FRACTALS is to support the community of innovative ICT SMEs and Web Entrepreneurs to harvest the benefits of Future Internet Public Private Partnership initiative, by developing applications with high market potential, addressing the needs of the agricultural sector. This support is going to be multidimensional in the sense that it aims to span beyond grant assistance to also include: (1) the technical capacity building of ICT SMEs and Web entrepreneurs with respect to developing applications based on FI-PPP infrastructures (2) the testing and validation of applications in an open innovation context (by involving end-users in the testing/validation assignment through a Living Labs environment) and (3) clustering and mentoring services related to entrepreneurship and venture capital finance.

Today, 04/06/2015, in order to promote the best Serbian companies in the area of development of ICT applications in agriculture, a presentation was organized by the Institute BioSense, University of Novi Sad. The presentation was held between 10AM and 1PM in the central building of the University of Novi Sad and the FACT team had an opportunity to present the FACTUAL.

 
FACT team was presented by [from right to left]: Dr. Dragomir D. Dimitrijevic, Founder and CTO of FACT, Dr. Jasmina Bacic, Co-founder and Consultant and Aleksandar Kocevic, Co-Founder & CEO
The place of event: Central Hall of University of Novi Sad
In rowded central hall of the University of Novi Sad, awarded companies present their projects to each other and to the guests
Beside the awarded companies, present were the atashe for agriculture from Embassy of Netherland, Mr. Marteen Wegen, representatives of a Dutch agricultural company DLO – Stichting Dienst Landbouwkundig Onderzoek, representatives of Serbian companies, representatives of Provincial Secretariat for Agriculture, Water Management and Forestry, representatives of Serbian Ministry of Education, Science, and Technological Development , as well as representatives of media.
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FACTUAL is a revolutionary disruptive FIWARE and xCube based integrated solution that will introduce Internet of Things (IoT) in agriculture on multiple levels such as acquisition of vast amount of agricultural data, improved crop production at a lower cost and expedited administrative procedures required by food safety bodies and governments in EU. As an added benefit FACTUAL will become an agricultural social network that will facilitate education of farmers and be an advertising platform where vendors of agriculture-related products such as seed or pesticides/fertilizers can post narrowly targeted ads. FACTUAL will be a FIWARE and xCube based IoT platform for acquisition and management of vast amount of agricultural data that can be used to efficiently advise farmers. We developed a business model that is robust due 4 diverse low-cost sources of revenue.

Now, we have nine months to develop the prototype and prove the FACT that we have the best team money can buy.
Copyright © 2015 Food and Agriculture Cloud Technology - FACT, All rights reserved.


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