Dresden, Germany — October 16, 2019 — SpexAI GmbH is based in Dresden, the heart of Saxony, and funded by two significant European funds ESF and EFRE for its innovative product. The funding enabled SpexAI to enhance their multispectral sensors and produce the first units of their pilot series.

“We are grateful for the official recognition and support of the free state of Saxony and the European Union. And as a young company we are pleased to be able to contribute to the economic growth of Saxony,” says Nadine Walther, Managing Director of SpexAI GmbH.

From the European Social Fund (ESF), Saxony can use around 663 million Euros from 2014 to 2020. ESF funding priorities are education, training and vocational training, sustainable and high-quality employment, social inclusion and the fight against poverty and discrimination.

From the European Regional Development Fund (EFRE), Saxony has around 2.1 billion Euros at its disposal from 2014 to 2020. Companies, municipalities, research institutions, schools and the university landscape in Saxony will benefit from EFRE funding. Investments will also be made in climate protection and flood protection. The focus points of EFRE funding are: enhancing research, technological development and innovation; improving the competitiveness of small and medium-sized enterprises; reduction of CO2-emissions; risk prevention and sustainable urban development.

About SpexAI GmbH
SpexAI GmbH is a German AgTech company, established in August 2018 by Ben Niehaus and Nadine Walther. SpexAI’s unique technology will allow for controlled, consistent and predictable growth of cannabis plants. The carefully orchestrated deep neural networks and smart multispectral sensors will disrupt the indoor cultivation of cannabis.

Contact about this news
SpexAI GmbH
press(at)spexai.com
+49 351 89672613

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SpexAI Reveices European Funding