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Hasselt-based ResultX has secured over €400k in innovation grants from the Flemish Company for Innovation and Entrepreneurship (VLAIO) to make ESG (Environmental, Social, and Governance) reporting accessible to tens of millions of small and medium-sized enterprises (SMEs) throughout Europe.
“We’re extremely proud to share that ResultX has secured over €400K in innovation grants from VLAIO – Flanders Innovation & Entrepreneurship (Company for Innovation and Entrepreneurship Flanders),” stated ResultX in a social media assertion. “This can be a huge vote of confidence in our mission to make ESG really accessible for tens of millions of SMEs. Backed by this assist, we’re doubling down on finetuning our AI fashions and accelerating the event of our platform.”
Based in 2022 by Simon Van de Voorde, Joos Kesters, and Andries Paesen, ResultX is constructing a user-friendly ESG platform designed particularly for SMEs – an typically ignored phase on the subject of compliance instruments.
The startup leverages synthetic intelligence to automate the extraction, evaluation, and reporting of ESG information, enabling companies to generate real-time, audit-ready stories on the click on of a button. By eliminating the necessity for spreadsheets and guide work, ResultX goals to assist SMEs navigate rising sustainability expectations from clients, regulators, and buyers alike.
Based on their web site, the software program reads a purchasers’ paperwork, invoices, and inner information, then robotically organises ESG information utilizing broadly adopted frameworks in order that they see the place they stand and what’s lacking. It connects on to their instruments and provide chain, pulling reside ESG information with out chasing stories, emailing colleagues, or getting into numbers by hand.
ResultX scans the info and highlights blind spots “in minutes“, reportedly turning uncooked enter into ready-to-use insights. It additionally pulls ESG information throughout the purchasers’ worth chain, serving to them keep credible throughout each inbound and outbound hyperlink of their ecosystem.
The newly secured funding from VLAIO will allow ResultX to speed up the event of its platform, with a selected give attention to refining its AI fashions and increasing automation options. This consists of capabilities to robotically reply to straightforward ESG inquiries from banks or purchasers, in addition to streamline coverage documentation and information integration with current techniques.
“However it’s not simply in regards to the tech or the grants. In the long run it’s in regards to the folks. Our folks. With a median age of 25.7 (!), our group is proving that keenness and grit can beat expertise. Daily, we’re pushing the boundaries of what’s attainable,” added the corporate.
ResultX’s imaginative and prescient to simplify ESG compliance aligns with broader regulatory shifts throughout Europe, the place transparency and sustainability are quick changing into non-negotiable.
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