Indoor Atlas wins EUR 2.2 million EU grant
Finnish geomagnetic indoor positioning technology company Indoor Atlas has received 2.2 million euros from the European Commission Horizon 2020 grants program.
The news comes as developers worldwide increasingly harness Indoor Atlas’ platform to create location-based applications for a wide variety of indoor venues.
The company’s researchers have created software that enables the magnetic sensor within any smartphone to accurately pinpoint and track a person’s location indoors. It does this by utilising the unique magnetic fingerprint of each modern building. Developers can integrate indoor location-based services into their mobile applications for the likes of shopping centres, airports, resorts and hospitals.
“It’s interesting to see who ends up making use of the new idea,” CEO Janne Haverinen pondered during an interview with Good News from Finland in 2014.
Horizon 2020 is the biggest EU Research and Innovation programme and selects grant recipients based on technological breakthroughs with the potential to drive economic growth.