Xnext signed a Grant agreement with the European Commission for a project of 3.3 million euros, backed for 2.3 million euro as part of the Horizon 2020-SME Instruments ph. 2. We are proud, as Italians and Europeans, to have achieved this prestigious award, which rewards a considerable effort we have made in carrying out a challenging task, the development of our proprietary technology, XSpectra.
A technology that the Commission judged as disruptive, and not simply innovative, due to the relevant level of innovation as well as the economic and social impacts that will generate. We are gratified not only by the high appraisal received for our project but also for the challenge we won, having managed the entire selection process fully in-house, without the support of external consultants.
Thanks to fundings we will receive because of the Grant and to the further visibility we will achieve at European level, we will be able not only to complete the implementation of XSpectra in the food sector but above all to accelerate the growth of Xnext, building up a solid industrial and commercial structure that will support the further evolution.
Long live Europe!