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Elliptic Labs Is Recipient of EU Horizon 2020 SME Instrument Phase 2 Grant

Apr 15, 2019 | News

Elliptic Labs is the proud recipient of the EU Horizon 2020 SME Instrument Phase 2 grant of € 2.1M.

Oslo, Norway — Elliptic Labs is the proud recipient of the EU Horizon 2020 SME Instrument Phase 2 grant of € 2.1M. Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe’s global competitiveness.

The SME instrument is part of the Enhanced European Innovation Council pilot (Enhanced EIC pilot) under Horizon 2020. It is specifically designed to support breakthrough innovation projects from small and medium enterprises with high market-creating potential. The SME Instrument Phase 2 funding is highly competitive. In general, less than 5% of applications are able to successfully secure the grant after an extensive two-stage evaluation by panels of technology and business experts.

Elliptic labs’s winning proposal is titled ‘Scale-up of INNER MAGIC and INNER REFLECTION: Virtual Ultrasound Sensors for Smart Devices’ (IMIR-UP). The aim of the IMIR-UP project is to fully mature our award-winning and patented technology for easy, mass-scale (“plug-n-play”) deployment in any consumer electronic smart device without requiring supplemental hardware (software only). Bringing our innovative IMIR products to the mass market will positively disrupt existing touchless sensing technologies, resulting in an improved user ability to intuitively interact with their smart devices via a natural extension of normal human behaviour.

INNER MAGIC, and INNER REFLECTION are registered trademarks or trademarks of Elliptic Labs. All other trademarks or service marks are the responsibility of their respective owners.

About Elliptic Labs

Elliptic Labs’ non-optical AI Virtual Smart Sensor platform continues to improve design and user experience throughout the smartphone and IoT markets. Its INNER BEAUTY III AI Virtual Proximity Sensor enables full-screen design by replacing infrared hardware sensors with software-only virtual proximity sensors. Elliptic Labs also enables presence sensing and touch-free user experiences for consumer devices, naturally extending how humans can interact with their devices. This technology offers the best combination of high resolution, 180-degree interaction space, and low power consumption compared to cameras or other sensing technologies. Elliptic Labs is a privately held company with headquarters in Norway and offices in the United States and China

PR Contacts:

Aoife Kimber
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1 650 773 7288