The pioneering Artificial Intelligence (AI) computer vision startup and ESA BIC Bavaria incubatee TerraLoupe convinced the jury existing of mobility experts and won the first price of the New Mobility Lab17 Challenge. The price comprises a business trip to Bejing and a wildcard to the Hardware.co Batch 7 Smart Mobility & Logistics program in the amount of 20.000 Euros.
The Munich startup creates a new basis for autonomous driving through an intelligent analysis of aerial image data. The technology of the company is based on AI and allows the efficient and highly automated generation of digital map material. For the first time, this allows to recognise and process objects and infrastructures on a large scale, in order to leverage autonomous driving. Therefore TerraLoupe is able to record road networks very precisely with centimetre accuracy.
TerraLoupe joined the ESA Business Incubation Centre Bavaria in Oberpfaffenhofen from June 2015 until May 2017.
The ESA BIC Bavaria seeks entrepreneurs using space technologies in a non-space environment. That does not mean rocket science, but applies to multiple application fields such as navigation and positioning, communications techniques, Earth observation, materials, processes, signals or robotics.
Are you interested in joining our network and do you have an innovative idea yourself? Then have a look at the details of the ESA BIC Bavaria programme. ESA BIC Bavaria has four selection rounds each year. The next application deadline for the incubation programme is 24 November 2017. Apply now for ESA BIC Bavaria
Source: New Mobility World September 16, 2017