Description
The aim of the project is to develop and introduce in the market new, innovative and globally unique product, which can satisfy needs of the sports industry and considerably decrease consumption of resources, i.e. the use of electric power. Principal issue, resolved by the new product shall be the large amount of equipment, its costs and considerable challenges to ensure to parties involved availability of adequate technologies and supplementary income. Solutions offered in the market by now can offer only a separate server for each of the customer’s needs, each of them forming high costs. Offered solution is a product that satisfies needs of the management of the identified team, marketing, instructors, referees, leagues and halls in various sports. All required functionality is incorporated into one mobile server. Furthermore, solution of PlayGineering is considerably less expensive than any individual competitive product offering only one function and ten times less expensive than complex solutions offered by competitors. The project conforms to the Innovative Business and Innovative Environmental Principles, as well as to long-term action priority directions in relation to energy efficiency measures in national economy established in the guidelines the Sustainable Development Strategy of Latvia for 2030. Thus, electric power consumption in national economy will be considerably reduced for the calculation. The projects’ goal corresponds with aims specified in Sustainable Development Strategy of Latvia until 2030.
Summary of project results
Norway Grant supported the start-up company in sport industry in amount 62 344 euro. Startup company in Latvia within the Norway grant project has developed a new, innovative and unique product in the world - a single video analytic and multimedia system. Player tracking on video, automated filming without operators, real-time game data analytics, real-time video processing, streaming and mixing are just some of the new product features. This is a a new generation of video analytic solution that provides a logical continuity of the existing video referee systems. Efficiency of the new product is based on substituting the existing components with software, at the same time, majority of computing operations transferring from server processors to graphical processors. At least eight size 4U and one size 2U servers may be substituted, considerably reducing volume of hazardous pollution produced by the equipment. At the same time, even compared to similar effective solutions of competitors, at least 4.5 KW electric power saving may be achieved per one server unit. During project implemetntation company attracted venture capital investemnts in amount 500 000 euro.
Summary of bilateral results