Sparsity Technologies is the SME with the highest innovation capacity in Europe according to European Commission’s first Innovation Radar (IR) Report published last week by the Joint Research Centre. The IR report is a support initiative that focuses on the identification of high-potential innovations in the ICT FP7, CIP and H2020 EU funded projects and the key organisation in delivering these innovations to the market. The report documents the details of the IR methodology and the results of its first application.
Between May 2014 and January 2015, the Commission reviewed 279 ICT projects, equivalent to the 10.6% of ICT projects funded by the EC, which had resulted in a total of 517 innovations, delivered by 544 organisations in 291 European cities.
Sparsity has been identified as a key organisation in two innovations: the first one, providing a new method to partition any given graph into its community structure of strongly connected components, within the Linked Data Benchmark Council (LDBC) project whose goal was to create the first comprehensive suite of open, fair and vendor-neutral benchmarks for RDF/graph databases. The second, the development of the common query engine for the different “one size” data stores optimized for particular tasks, data, and workloads, within the CoherentPaaS project whose objective is to provide a rich PaaS (Platform as a service).
Top 10 SMEs and their innovations
Barcelona, where Sparsity has its headquarters, has been identified as the largest innovation hub in ICT in Europe, hosting a total of 19 organisations that are key players in innovation and beating London and Paris which each host 17 such organisations. According to the report, Germany, Spain and the UK are the countries with the most organisations that are key players in delivering innovations.
Sparsity wants to thank all the hard work and dedication of the talented Sparsity team that during all these years has made possible this great achievement!