Synapse awarded €50,000 grant by Horizon 20/20
Synapse Information has been awarded €50,000 for developing an innovative semantic web technology, SEQUOIA (Semantic Query of Information Assets), which allows users to rapidly question multiple data types and sources across the web using a spreadsheet interface. The grant is a potential stepping stone to Horizon 2020’s €2.5 million grant which will be awarded in 2017.
Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over seven years (2014 to 2020). In addition to the private investment that this money will attract, it promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.
The €50,000 grant has enabled Synapse to employ new engineer, Fiona, whose role will be to assist in realigning the SEQUOIA technology developed at Synapse to address the big data challenge in drug discovery R&D.
Synapse Founder and CEO Brian Donnelly said,
“We’re thrilled Fiona has joined Synapse as our fifth female engineer, her background in Systems Biology will be massively useful in our upcoming projects.”
Brian Donnelly has been a leader in the field of semantics for 15 years. With a background in drug discovery at GSK, Brian has developed the framework for a suite of SEQUOIA-enabled products, and current evolution to a drug discovery analysis platform.
Founded in 2012, Synapse Information is a digital company that provides smart business spreadsheet solutions. In the last 12 months, Synapse has doubled its team, accelerated research and development activities across the region and put plans in place to expand abroad after securing a £500,000 funding package from HSBC. Over the next three years, the business is on track to achieve annual turnover of £7 million to £10 million, with further plans to expand its team to up to 100 staff.