tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Maris-Tech receives grant approval of $156K from IAA

Maris-Tech has a grant approval of approximately $156,000 from the Israel Innovation Authority to support the second year of a joint development project with the Ben Gurion University of the Negev. The grant represents 66% of the total budget for the second year operation of the ongoing joint project to develop an advanced system based on AI and machine learning for diagnosing and predicting drone faults and malfunctions. The total budget for the two-year project is approximately $695,000. The aim of the project is to adapt and integrate an identification and prediction model developed at BGU in existing Maris-Tech systems. The grant was approved based on the successful completion and meeting of the objectives of the first-year work plan and the continued successful collaboration between Maris-Tech and BGU.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on MTEK:

Disclaimer & DisclosureReport an Issue

1