Advanced physical verification solutions
POLYTEDA CLOUD wins in the Horizon 2020 Phase 2 PDF Print E-mail

Kyiv, Ukraine, December 7, 2016 - POLYTEDA CLOUD wins in the Horizon 2020 Phase 2

POLYTEDA UKRAINE LLC is pleased to announce that its spin-off company POLYTEDA CLOUD LLC signed the Grant Agreement with the European Commission (EASME) under the Horizon 2020 Phase 2. POLYTEDA CLOUD is receiving €1,220,888 financing for a 2-year project Innovative Cloud-Based PV Workflow for Semiconductor Foundries that will contribute to restoring the competitiveness of European microelectronics industry. Within this project, POLYTEDA CLOUD will further develop and customize PowerDRC/LVS in a cloud environment, introduce new cloud business model for PV and enter the European market.

POLYTEDA CLOUD competed with 259 companies from all over the Europe and was selected for funding as an innovative company. POLYTEDA CLOUD is the first and only company from Ukraine to receive financing under the highly competitive Horizon 2020 SME Instrument Phase 2. 

Borsch Ventures is in charge of business development expertise and fundraising assistance to POLYTEDA CLOUD.

About Horizon 2020

Horizon 2020 is the biggest EU Research and Innovation programme with nearly €80 billion of funding available over 7 years (2014 to 2020). Horizon 2020’s SME Instrument is dedicated to funding innovative businesses to create a European Champions League for innovative companies and start-ups.

About POLYTEDA CLOUD

POLYTEDA CLOUD introduces an innovative, new business model to the traditional EDA industry. PowerDRC/LVS addresses the complex “physical verification” stage of microchip design, critical before the actual manufacturing at the semiconductor foundry. 
POLYTEDA CLOUD, headquartered in Kyiv, Ukraine, develops cloud-ready PV-workflow based on the POLYTEDA UKRAINE’s fastest and most accurate flat engine in the market with hierarchical and multi-CPU capabilities.

Horizon 2020

For more information please visit www.polyteda-cloud.com