UK start-up Mendeley receives funding from the Eurostars programme to create a smart environment for managing academic articles

Project MAKIN’ IT unites three organisations from three different European Union member countries and is coordinated by UK technology development company Mendeley Ltd. Mendeley is specialized in developing semantics driven systems, which would facilitate its users to discover and manage scientific publications according to their profile of interests.

The global academic software market can be estimated at around US$ 7.3 billion with an average annual growth of 15%. Mendeley’s product development is targeted to the growing semantic discovery systems market and executed in cooperation with Estonian Competence Centre of Electronics-, Info- and Communication Technologies (ELIKO) and Austria’s Competence Centre for Knowledge Management (Know-Center)

Invent Baltics consulted Mendeley in formulating the project ideas, searching for international partners and preparing the application form. The overall budget of the project is 857 000 Euros out of which 467 000 Euros will be financed by public funding agencies.

Invent Baltics Ltd

Invent Baltics Ltd is a research and development consulting company. Our ambition is to help clients develop their new ideas into marketable products and/or services, find suitable cooperation partners, as well as offer support in commercialisation and entering new markets.

Our consultants have years of experience in assessing the innovativeness and feasibility of ideas, best knowledge in transforming an idea into a successful project and finding private and public financing for its realisation. We have consulted numerous companies and universities in the field of information and communication technology, nano- and biotechnology, materials science etc.

Additional information:

Silver Toomla, managing partner

Mob: +372 51 71781

silver.toomla@invent.ee