Lingvist Receives €1.5 Million Grant
Lingvist, the innovative language learning platform delivering individually tailored, AI-powered language courses for fast, effective learning, is announcing today that it has successfully concluded its partnership with the EU’s Horizon 2020 programme.
Having received a €1.5 million grant in May 2015 from the European SME Instrument initiative, Lingvist has used the funding to develop its innovative language learning platform. The grant provided Lingvist with the resources to increase the efficiency of the software, bringing the app closer to its goal of making language learning 10 times faster. The programme also helped Lingvist expand its language offerings, creating new courses such as Spanish, French, German, Russian and English.
Horizon 2020 is the EU’s biggest Research and Innovation programme, with nearly €80 billion of funding available over seven years. The programme enables companies to focus on research and development, scale, and quickly produce tangible results. “The Horizon2020 programme, via the ‘SME Instrument’, has been incredibly helpful in developing Lingvist. It’s been a great success for us, because it has helped us to continue working towards our goal of empowering people to learn. Working on a game changing language learning platform requires strong support from both public and private partners and we are very happy to have had H2020 as one of our supporters”, said Mait Müntel, Lingvist, CEO.
Looking back on the partnership, Bernd Reichert, Head of Unit for Horizon 2020 SME Instrument, commented: “With the Horizon 2020 SME Instrument, we aim to support market-creating innovation in Europe. Lingvist is one of the first Phase 2 beneficiary to finish its project. Their disruptive project is a great example of the brilliant innovations we are funding. With their track-record of success, we are proud to count them among the top European innovators of our programme. They are certainly an exemplary success story of the Horizon 2020 SME Instrument programme!”
The innovative app works across both mobile and computers and has been recognised by additional private investment, most recently from global Internet services company Rakuten – to the tune of €7.2 million.