UAB „Viezo“ (UAB „Nanoenergija“) is implementing a project jointly financed by the European Union’s response to the COVID-19 pandemic from the European Regional Development Fund – “Creation and Implementation of Design Solutions and Marketing Innovations at UAB „Viezo“ (UAB „Nanoenergija“) No. 13.1.1-LVPA-K-861-01-0769.”

UAB „Viezo“ (UAB „Nanoenergija“) is a company that operates in the field of electrical equipment production, developing innovative energy extraction devices for the rapidly expanding Internet of Things (IoT) sector. The company is currently investing in the development of new IoT technology for railways, and this project will enable it to create mass-produced products, thereby adding value and increasing the company’s sales.

With the anticipated solution, which is financed for design and marketing development, the company is entering a rapidly growing smart railways market, in which train and wagon owners will invest huge amounts of money in smart monitoring and tracking devices in the coming years. This solution meets their needs and is unique in the market due to the integrated micro-energy generator that supports the autonomous operation of sensors for a long time.

The project aims to acquire innovative product design and implementation services to make the new product attractive and launch its mass production. Later, by investing in marketing innovations for this product, it aims to introduce it not only in Lithuania but also abroad, where railway services are highly developed.

The project budget is EUR 81,321.03, with EUR 60,990.27 allocated for EU financing.

The project implementation period is from January 2022 to December 2022.

The project is being implemented under Priority 13 of the 2014-2020 European Union Investment Fund Action Program, “Promoting Actions to Overcome the Crisis Caused by the COVID-19 Pandemic and Preparing for an Environmentally Friendly, Digital and Sustainable Economic Recovery” Measure No. 13.1.1-LVPA-K-861 “Creative Checks for COVID-19.”