Promoting Entrepreneurship at LINGOAVY LTD by creating a platform for providing text-to-speech content for the needs of the television and cinema industry

This project proposal provides for the realization of the entrepreneurial idea of the start-up company LINGOAVY LTD - a platform for providing text-to-speech content for the needs of the television and cinema industry. The main business of the Applicant-company is related to the technical provisioning of the cinema industry and TV broadcasting. A professional team shall be set up to create and operate a platform, providing text-to-speech content and services to the media and the cinema industry. The following products shall be realized through the platform: specialized Text-to-Speech and synthetic voice-over. The investments, provided in the project shall be related to: Providing equipment (specialized server configuration) to store the created products and their subsequent marketing; Providing specialized software, with the help of which the employed software developers will create the platform and put it into operation; providing salary funds for the employees, hired at the company, including a person with permanent disabilities; creating a corporate website and developing a marketing strategy to support the implementation of services, provided by LINGOAVY LTD to the television and cinema industry. The entrepreneurial idea shall be presented at specialized exhibitions, as well as the ‘LocWorld38’ in 2019 in Portugal. The project will be implemented for a period of 18 months, in an area characterized by high levels of unemployment and low share of investments - in the town of Montana.

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Overview

Status Closed (completion date)
Start date 10 Jun, 2019
End date 19 Mar, 2021
Contract date 10 Jun, 2019
View in UMIS

Financial information

Total cost 182,353.65
Grant 145,882.92
Self finance 36,470.73
Total paid 145,308.18
EU participation percent 85.0%

Location