SmartCat has been selected to take part in the European Data Incubator (EDI), a 3-year project that offers around 100 startups the chance to solve data challenges set by major European corporates like Volkswagen Navarra, RACC motoring club and the multinational Sonae.
What is EDI?
EDI is an incubation programme run by 20 partners across Europe.
It gives the most innovative “Big Data” startups the opportunity to tackle real world challenges set by corporates across Europe, such as improving road safety in Barcelona or predicting fraudulent transactions in supermarkets.
SmartCat is taking part in EDI to solve the challenge set by by Virtual Power Solutions SA. “HVAC usage management and control optimization”. Our approach is in the form of state of the art machine learning models, generalized to other similar datasets and delivered as a platform for energy redistribution and load balancing.
To solve the challenge and develop proposed platform SmartCat will train regression models for HVAC usage that would uncover load profiles as well as support anomaly detection and alerting real-time, and also build a simulation of HVAC usage and tenants’ actions in a reinforcement learning setting. Ingestion, (re)training and scoring would serve as backend to web-based platform with models’ results visualized on dashboards and exposed as suggestions to energy provider to support automatic load balancing. Benefits include up to €100k in equity-free funding, mentoring, workshops, access to a free cloud environment, and the chance to connect with and be recognized by major European organizations.
Benefits include up to €100k in equity-free funding, mentoring, workshops, access to a free cloud environment, and the chance to connect with and be recognized by major European organizations.
Datathon in Berlin
Each year of EDI incubation process is divided into three progressive phases, in which only the best startups pass to the next level: ‘Explore’, ‘Experiment’, ‘Evolve’.
On 17 and 18 October, SmartCat will travel to Berlin with 30 other startups for the first ‘Explore’ phase. Here we will take part in a datathon, practice our pitches, receive €5k (equity-free) and meet face to face with the corporates. Finally, a jury will decide which 16 startups will pass to the next ‘Experiment’ level.
Follow our journey through EDI!
Take a look at the EDI startup portfolio to see our team photo, description and a 30 second video.
To read more about EDI, please visit the website: www.edincubator.eu