FlowForma the leading provider of process automation tools for Office 365, are delighted to be awarded EU funding to research and develop a decision learning tool.
The company is being awarded Phase One funding under Horizon 2020, which gives them a lump sum of €50,000 to carry out a feasibility study, which includes drafting a business plan, three days of business coaching and free business acceleration services.
2018 is proving a spectacular year for this cloud-first, Software-as-a-Service business, who has recently crossed the 150,000 users threshold and achieved accelerated entry to the US and Asia. This support from the European Union will significantly propel FlowForma's research and development plan.
Commenting on this funding, Neil Young, FlowForma CEO said "Committed to empowering business managers with intuitive, innovative and affordable process automation tools, we heavily invest in market research and product development. This Horizon 2020 funding will be instrumental to our next innovation wave. We are privileged to be one of nine Irish companies awarded Phase 1 funding."
About Horizon 2020
Running from 2014 to 2020 with a budget of just over €70 billion, Horizon 2020 is the EU’s new programme for research and innovation and is part of the drive to create new growth and jobs in Europe.
Horizon 2020 is a core part of Europe 2020 the Innovation Union and the European Research Area and is responding to the economic crisis to invest in future jobs and growth, addressing people’s concerns about their livelihoods, safety and environment and strengthening the EU’s global position in research, innovation and technology.