Nilfisk, a Danish manufacturer of professional cleaning equipment, has been present in Hungary for more than 20 years with assembly facilities in Szigetszentmiklós and Nagykanizsa. Now, it’s time to expand its footprint.Nilfisk is expanding its footprint and investment in Hungary with the establishment of a new joint IT innovation & HR Services hub in Budapest, according to a report from HIPA, the Hungarian Investment Promotion Agency. “Already today, Hungary is a key location for us due to the country's strong production and engineering capabilities and large network of suppliers – as well as the close geographical proximity to Nilfisk's key markets. Today, we have two production sites in Hungary, and now we add a third site as we establish a new joint IT Innovation & HR Services hub. New specialist have started at the new joint hub and we will continue to recruit specialized competencies within IT to further strengthen our internal knowledge base,” says Anders Liechti, Group Vice President, Head of Transformation and IT, in the report.. The new joint IT Innovation & HR Services hub in Budapest reinforces Nilfisk's long-term presence and investment in Hungary. Today, more than 17% of all employees globally are based in Hungary. “With the new IT and Innovation hub we are taking the next step to expand our footprint in Hungary as we establish a site which can support the global Nilfisk organization in running and developing strategic and business-critical IT systems, applications and data. We are currently recruiting more specialists within IT. Based on the talent, we have seen already in the area, we look forward to welcome more developers, specialists and IT Business consultants to Nilfisk,” adds Gabriella Kokai, Head of IT Innovation & HR Services Hub.
Hungary’s first "city-owned smart grid project" will be powered by a 1.3MWp PV facility and supported by a 1.2MW lithium-ion battery energy storage system with a capacity of 2.4MWh.
AEG Power Solutions contacted PV Tech's sister site Energy-Storage.news to announce its involvement in the project and said that its Convert SC Flex storage converters have been chosen for the smart grid, which will power sports facilities in the Hungarian city of Békéscsaba with green energy.
The battery system, built up on 7.61kWh modules in a fire protection rack, will be connected to the grid through two Convert SC Flex converters with a power rating of 600kVA each. AEG will also provide 650kVa inverters to connect to the DC output of solar panels.
AEG said the storage converters offer grid fault detection and islanding as well as resynchronisation once the supply is provided by the public grid again. In the event of any grid failure, the systems switch to off-grid operation and supply electricity directly from the solar plant and energy storage to the sports facilities. As a result, they will be able to continue to operate even in the event of a grid power outage.
Andreas Becker, head of grid and storage at AEG Power Solutions, said the project represents a “great opportunity” to prove the “unique off-grid features” of the Convert SC Flex in the field.
Under development by local partner INFOWARE, which is also providing energy management system (EMS) solutions to the smart grid, it is expected the project will be complete by the end of 2020.
The FINANCIAL -- Estonia's flagship startup and tech conference Latitude59 and Estonian Business Angels Network awarded Adact and ATOM Mobility as the best early-stage companies and both received an investment of €200,000.
Latitude59 was held on August 27 and 28 in Tallinn. The conference focused on the topic of social responsibility and the various challenges of start-ups in times of crisis. "This year has been a difficult one for everyone and this is why we saw the need to bring people from the startup community together - and not only physically, but also giving international entrepreneurs and investors the opportunity to take part online," said Maarja Pehk, CEO of Latitude59.
EstBAN's investment of two times 200,000 euros went to early-stage startups Adact from Estonia and ATOM Mobility from Latvia. Adact enables agencies to create online interactive marketing campaigns without writing a single line of code. ATOM Mobility is an all-in-one solution for shared mobility helping entrepreneurs to launch their own vehicle sharing platforms in 20 days.
According to Kristjan Raude, the lead investor and Member of the Board of EstBAN, the winners were selected out of 250 companies. "It was definitely not an easy task - we went through a ton of company profiles, 50 video presentations, investor meetings and hours of interviews with the finalists. As a result, we selected two best early-stage start-ups and we'll invest a total of 400,000 euros," said Raude.
Anu Oks, CEO of the Estonian Business Angels Network EstBAN stated that the crisis in Estonia and around the world didn't seem to affect the investment interest of investors. She added that the sum of the investment rounds of both winning companies was gathered without much effort. This shows that both investors and startups are doing well despite the situation.
The prize money of €10,000 presented by Latitude59 was awarded to ATOM Mobility. In addition, Cloudvisor, Hedman Partners and UMA Maakri presented their prizes to startup companies as well.
Latitude59 is Estonia's flagship startup and tech gathering. In 2020, the event took place both in-person in Tallinn as well as online, with close to 2,000 participants from 51 countries. During two days, 50 international speakers took the Latitude59 stage, 200 startups and 300 investors participated from Estonia and beyond. For the first time ever Latitude59 offered online mentoring for startups with 130 online sessions taking place with experts worldwide.
The world is changing, as is the economic landscape. Economies have generally leaned toward more specialized industries in the past half-century, based on the strength of their regional characteristics. While places like Silicon Valley have traditionally been synonymous with technological innovation, other, lesser-known outposts are emerging with real potential to become deep-tech hubs. Recent trends indicate that Poland, and the wider Central and Eastern European region, could reach the same influence level as countries in the G7 in the coming decade. With many eyeing the region as the most likely to produce the next tech unicorn, could Poland soon join the tech community’s head table?
Globally, technology has graduated to new levels of influence and potential; virtual services have increasingly become a way of life for us in the digital age, with the current pandemic only intensifying the demand for solutions. The emerging scramble for tech solutions positions Poland as fertile soil for innovation, particularly since the country entered the EU. Since the turn of the century, a new development strategy has defined Poland's new engines of growth, enabling it to exploit the opportunities of digitization. That has included obtaining grants and launching accelerator programs, such as Start in Poland, the largest platform in Central Europe founded through European funds, and government financing devoted to developing startups.
The Polish labor market’s available skill and dynamism has consolidated the country’s ability to harness its window of opportunity. Poland houses one of the largest tech talent pools in Eastern Europe, and global giants such as Intel realized this by opening one of their biggest R&D laboratories in Gdansk.
The country’s socio-economic circumstances have created favorable conditions for a highly motivated workforce in technology. According to ABSL, an average salary in Poland equals around €830 per month, while software developers’ salaries can be 3-to-7 times higher. Therefore, the number of people interested in software development is growing, expanding the overall tech talent pool.
FULL STORY HERE at NASDAQ.