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Jun
17
2016

Edurio attracts record large grant – EUR 1.86 million

The education quality improvement solution Edurio, created in Latvia, has received support worth EUR 1.86 million from the European Union’s research and innovation grant program Horizon 2020 for the company’s further development and improvement of education quality on the European level.

Edurio, which was established in 2014, is the first Latvian startup company which has been able to attract such a large grant from the Horizon 2020 program, which is well known for the strong competition in obtaining these grants, high evaluation criteria, as well as substantial support for the development or innovative products and services.

On June 21 at 10:00 a.m. at the Education and Science Ministry’s Main Hall (second floor, Vaļņu Street 2, Riga), a press conference will take place where the Edurio team will present more detailed information about the support grant and the possibilities which it will provide to allow the company ensure improved education quality in all schools throughout Latvia.

Participating in the event will be Latvian Education and Science Minister Kārlis Šadurskis, Minister of Economics Arvils Ašeradens, as well as Edurio co-founders Ernests Jenavs (pictured) and Jānis Gribusts.

As Edurio representatives point out, the company has been created as a modern and effective platform aimed at establishing reflexive links in education. This allows teachers to listen more to their students, colleagues and parents, so to improve the education process and environment taking into account the achieved results.

During the past two years Edurio has been already introduced in over 200 schools in Latvia, with pilot projects also launched in Great Britain and Finland. The Edurio system has already answered 3.5 million questions.

Edurio has already attracted over EUR 300,000 from the risk capital fund Imprimatur, as well as from individual investors in Australia and Great Britain.