Ghent-based start-up wins the Innovation of Things Award 2016
The Ghent-based start-up Pozyx Labs has won the Innovation of Things Award 2016 at Internet of Things (IoT) World Europe. The international jury recognised the young Belgian entrepreneurs for their indoor positioning system.
The Belgian start-up Pozyx Labs has won the Innovation of Things Award 2016 at Internet of Things (IoT) World Europe held in Dublin. In a competition involving thirty other start-ups the international jury selected the Ghent business as the winner for their indoor positioning system. The technology at Pozyx Labs is considerably more accurate than GPS, Wi-Fi and bluetooth, which explains why companies such as Apple are showing an interest.
“Our system is accurate to 10 centimetres because it uses wireless ultra-broadband technology and the very latest algorithms,” confirms the founder Samuel Van de Velde. The start-up developed from his PhD on position determining as an alternative to GPS, which is unable to operate indoors. Meanwhile Pozyx Labs already boasts 350 clients in 45 different countries, but is still looking for new investors after earlier crowdfunding activity.