Galgus, the telecommunications engineering company that develops and markets a unique WiFi technology that is currently being used by numerous OEMs and system integrators worldwide to deliver high-performing WiFi networks, has obtained support from the European Commission to accelerate its international growth in the 2018-2020 biennium.
The SME Instrument supports projects from small companies with funds and acceleration services. It supports these businesses to develop and bring to market new business models aimed to achieve economic growth.
To be considered suitable for this European funding is tough, only the most excellent proposals achieve funding after being reviewed by a group of international experts in technology, business and finance. Those selected also receive coaching and mentoring to scale up their innovative ideas, as well as help to network with potential clients and/or investors across Europe.
The European Commission received 1.644 proposals before the 23 May cut-off date, and just 63 projects from 16 countries have been selected for funding under this last round of the SME Instrument. These companies will receive a total amount of €113 million to share between their projects helping to get their innovations deployed on the market.
Galgus is one of the 63 projects selected. “For us, having this funding from the European Commission represents a great opportunity” said Jose Gonzalez, CEO of Galgus, who also pointed out that “after five years of existence, with no more financing than that of its two co-founders, with a mature and validated by the market product in verticals such as aviation, hotels, maritime and bus, etc. This funding arrives in the right moment to help us to accelerate our international growth and, hopefully, will help us to triple our turnover in the next two years. ”
About Galgus:
Galgus develops and markets a unique WiFi technology that is currently being used by numerous OEMs and system integrators worldwide to deliver high-performing WiFi networks. Galgus’ Cognitive Hotspot™ Technology (CHT) is an embedded generic software that makes WiFi networks intelligent and optimizes spectral efficiencies for WiFi routers and Access points (APs).
CHT increases WiFi performance (Goodput) by up to 400%, while reducing interference levels and power consumption, especially in high-user density environments. CHT creates a fully distributed Wi-Fi network, making each AP intelligent. APs with CHT measure key network metrics, exchange them with neighboring APs and together optimize radio resources in real-time. A WiFi network with CHT is more reliable, better performing, greener, and delivers a flawless QoS (Quality of Service) for every connected user and thing (IoE).
Galgus Contact:
Pedro Garcia
Head of Marketing
pedro.garcia@galgus.net
www.galgus.net
