Jun 20, 2022
ZoomCharts Receives EU Funding for New Product Development
The co-financing initiative will ensure the attraction of highly skilled specialists and speed up the development of 3 brand-new custom visuals for Power BI. The work has begun, and the team plans to launch the new visualizations within a year.
The co-financing initiative will ensure the attraction of highly skilled specialists and speed up the development of 3 brand-new custom visuals for Power BI. The work has begun, and the team plans to launch the new visualizations within a year.
The company already has successful experience in using EU funding to boost product innovation and compete in international markets. Technology Transfer Program, backed by the EU Regional Development Fund and administered by the Development Agency of Latvia (LIAA), is another support mechanism that ZoomCharts is using to create new products and enhance the experience for its customers.
“We are proud to represent Latvia in the business intelligence industry, delivering innovative data visualization solutions to over 25,000 business clients in more than 100 countries,” said Jānis Volbergs, CEO of ZoomCharts. “This investment will help us provide additional value to our business customers globally, and in return it will further boost the economy of Latvia via increased export amounts.”
This project will be used to develop 3 brand-new additions to the Drill Down Visuals line of Microsoft Power BI custom visualizations:
- Drill Down Scatter PRO, which will allow users to create scatterplot visualizations on a Cartesian coordinate system, making it easy to spot trends among a high volume of data points.
- Drill Down Bubble PRO, which will give various options to show the relations between multiple data points on the x and y axes, with each of them changing size according to their values.
- Drill Down Gauge PRO, which can be used to monitor the overall completion rate of the project, time period, or budget in question.
All new visuals will have ZoomCharts signature features - drill down capabilities, dynamic data exploration, and wide customization options.
The Investment and Development Agency of Latvia (LIAA) is a government agency that promotes the development and expansion of industries, services, and entrepreneurship in Latvia. By attracting foreign investment and providing other assistance, LIAA aims to foster the growth of local businesses, promote innovation, and increase their competitiveness in the global market.
ZoomCharts is taking part in the LIAA Technology Transfer Program (Project number: 1.2.1.2/16/I/001), which is funded by the EU Regional Development Fund (ERDF). Its aim is to provide funding for Latvian companies to bring innovative solutions to the public and promote economic growth.
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