On the 21st of April, Smart Robotics has officially received the agreement for an innovation credit loan of 1.9 million Euros for the development of Item Picking Mobile. The innovation credit is granted by the Ministry of Economic Affairs and Climate for a period of 2 years.
We are already busy developing Item Picking Mobile, a flexible and intelligent mobile item picking system. The goal is that it will perform robustly and safely in a dynamic environment and that it is able to process a wide variety of products without any need for a fixed infrastructure or prior knowledge of products. This opens up a market that has a size of half a billion Euros in the Netherlands alone. With help of our growing European distribution network and strategic partners, such as DSV and Vanderlande, this solution can be implemented around the globe.
The innovation credit of the Ministry of Economic Affairs and Climate is meant for the cofinancing of promising and unique innovative projects within the Netherlands. With the innovation credit, a contribution can be made to the sustainable growth of the Dutch economy.