HiGPS Big Data track

The dynamics in the development of modern technology and the use of integrated solutions in telecommunications lead to increasing demands on the suppliers of products in this sector. SCORPION 7 Ltd., a company with main economic activity under code 26.51 "Manufacture of instruments and appliances for measuring, testing and navigation" has set as a strategic goal through this project to achieve capacity expansion and adding new features to existing solutions portfolio of the company through the implementation of a high-tech communications system for processing large data sets. In this regard, the project "HiGPS Big Data track" envisages the realization of the following main activity: - Improvement of production capacity (by purchasing a Communication system for big data processing, 1 p.c). The acquired investments in this activity will be implemented under the "regional investment aid" and will be accomplished by expanding the capacity of existing business object of the company in the village of Ribaritsa, Lovech region, it is aimed at: - improvement of production processes; - reduction of production costs; - improving the company's products. The expected results are to increase the company's competitiveness and its more successful presence in the national and foreign markets by increasing capacity, achieving higher quality of the offered products and improving the offered solutions, reducing production costs.

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Overview

Status Closed (completion date)
Start date 03 Feb, 2020
End date 18 Sep, 2020
Contract date 03 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 714,000.00
Grant 499,800.00
Self finance 214,200.00
Total paid 499,800.00
EU participation percent 85.0%

Location