GeoNumerics meets with Ferrovial in Madrid

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On 27 and 28 November, GeoNumerics had the opportunity to present its technology and business model to Ferrovial at the Impact Hub Gobernador in Madrid, Spain.

The European Innovation Council (EIC) pilot and Ferrovial partnered for a business acceleration event directed at companies working on sustainable approaches to urban mobility, user experience (airports and toll roads), energy efficiency and new technologies for the construction sector. After a selection process, 21 companies funded by the EIC pilot were selected to present their projects to an audience of Ferrovial representatives and key partners and engage in one-to-one meetings with relevant corporate stakeholders.

Ferrovial’s innovation strategy works on an open innovation model, based on cooperation with external partners who are capable of complementing company needs and capacities, with the aim of accelerating the deployment of new solutions and processes to the market. This is also one of the main objectives behind the Corporate Days promoted by the EIC pilot Business Acceleration Services.

At the event, Ciro Boria, Head of Open Innovation Ecosystem at Ferrovial, explained what Ferrovial expects to gain from working with external partners: “At Ferrovial’s Open Innovation department we believe that by working with startups and SMEs, we become more agile because these type of companies are more agile. But also, by collaborating with them, we are able to test new business models and new technologies that would be hard to test within the company.” Manuel Martinez, Open Innovation Manager at Ferrovial, also had some advice for SMEs that are looking to work with large corporates: “First, try to understand how the corporate needs fit into the business model or the technology you’re trying to promote. The best way to go about it is to have a proof of concept on how your product or service can address a specific challenge within the corporate.”

GeoNumerics presented its core technologies with emphasis on the new, patented mapKITE tandem terrestrial-aerial geodata collection system for the 3D mapping of transport corridors (highways, railways and waterways) and cities. Ismael Colomina, Chief Executive of GeoNumerics, highlighted Ferrovial’s unique approach to innovation and said “it was a pleasure and an opportunity to present our ideas, technology and mapping methods to the Ferrovial business units.” He further added that “the event was perfectly organized” and that “the organizers created a pleasant and relaxed atmosphere thus facilitating and boosting the interchange of ideas. Well done EIC pilot and Ferrovial!”

GeoNumerics is a research and development (R&D) intensive SME specialised in geomatics and accurate navigation.

Ferrovial is is one of the world's leading infrastructure operators and municipal services companies with more than 95000 employees.

The EIC pilot supports top-class innovators, entrepreneurs, small companies and scientists with bright ideas and the ambition to scale up internationally. It brings together the parts of Horizon 2020 that provide funding, advice and networking opportunities for those at cutting edge of innovation.