Bratislava, 26th of September 2016, the University of Le Mans and Voxolab won the "Innovation Radar Prize" in the "Industrial & Enabling Tech" category. This prize, delivered by the European Commission, awards the best innovators in the EU, along with their go-to-market strategy.
The innovation presented at Bratislava allows to transform speech to text 40 times faster than before, while keeping the same transcription quality and by reducing computer costs by a factor of 25. This innovation was developed at the University of Le Mans (Laboratoire d'Informatique de l'Université du Maine — LIUM) during the European EUMSSI project. It is the result of more than 35 years of research on speech recognition at the University of Le Mans.
Along with the innovation, our go-to-market strategy was praised by the jury. The jury was composed of four VC representatives coming from all over Europe. The jury gave a "special mention" to the quality of the pitch and highlighted the big market opportunity.
Voxolab is now in the process of raising funds to accelerate its development and to scale at the European level. Don't hesitate to contact us if you need more information.