Signing a contract for obtaining funds for the MODE S.A. project

13 December 2019
Category: Grants

MODE360°

The Management Board of Mode S.A. with its registered office in Straszyn , hereinafter referred to as The Company, informs that on December 13, 2019, it signed a contract with the Pomeranian Province, represented by Pomerania Development Agency (Agencja Rozwoju Pomorza S.A.), the subject of which is co-financing of the project “Development of a comprehensive system for automated spherical presentations and 360° product presentations, with proprietary algorithms and hardware solutions“, implemented under the Regional Operational Program of the Pomeranian Voivodeship for 2014-2020, Priority Axis 01. Commercialization of knowledge , Actions 01.01. Expansion through innovation, Sub-measures 01.01.01. Expansion through innovation – subsidy support, co-financed by the European Regional Development Fund.

The deadline for completing the Project is set for September 30, 2021. The total cost of the Project is PLN 2 626,900.89. The total eligible expenditure of the Project is PLN 2 536,177.39, including: co-financing from the European funds in the amount not exceeding PLN 1 938,204.53 and constituting not more than 76.42% of the total eligible expenditure of the Project.

These funds are to be used to create new functionalities both in the proprietary software of the Company and in the manufactured devices. The scope of the works is based on the changing market requirements and will allow the Company to better adapt its offer to customer expectations and will be able to reach an even wider group of potential recipients. The implementation of this project is scheduled for 2020 and 2021.

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