Summary sheet
The project will finance Worldsensing's main product, which is an IIoT (industrial internet of things) solution for online wireless data transmission, specifically from geotechnical monitoring sensors. This solution enables an efficient online and "real-time" monitoring of some critical geotechnical parameters on construction sites, infrastructure or tailing dams and ultimately leads to efficiency gains and increased safety.
The EIB loan will fund the promoters investments in research, development, and innovation (RDI) activities, in the commercialisation of its existing and next generation products and in working capital needs required by the promoter's market expansion.
The activities to be financed are not listed in any annexes of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU.
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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