nir-vana innovation network

The Romanian IT solutions provider is an internationally operating company, focusing on the development of complex web, mobile, cloud and embedded system solutions.
With vast experience in delivering custom IT solutions for different industry leaders for over a decade, the company is looking for SMEs and enterprises interested in innovation-driven solutions with focus on data science, image processing and video analytics, natural language understanding and augmented/ virtual reality.

Data science solutions
The company help organizations to develop custom solutions that process high volumes of data and run sophisticated algorithms to learn how to perform a task by themselves.
The company’s machine learning-powered business applications enable faster decision making, increased productivity, business process automation and fast anomaly detection.
Use cases: predictive analysis; task duration prediction; task classification; abnormal task detection; electricity demand forecasting; predictive maintenance; statistical modelling; data mining; unsupervised learning; anomaly detection.

Image processing & video analytics
Retrieve relevant information from images and video content while reducing human effort and make day-to-day business operations faster, smarter and better.
Use cases: object identification (e.g. streetlamp detection in street view); detect content/commercials in video streams; OCR (optical character recognition); recap detection; foreground graphic detection; image tagging.

Natural language understanding
Create custom APIs (application programming interface) that leverage the ability to analyse text to understand concepts, emotion, entities, keywords, metadata, relations, semantic roles and sentiment.
Use cases: conversational interfaces/chatbots; speech/voice recognition; text mining; information extraction; question/answer; search & retrieval; sentiment analysis; documents categorization; neural machine translation.

Augmented and virtual reality
Augmented reality (AR) transforms how we work, learn, play, shop and connect with the world around us. It’s the perfect way to visualise things that would be impossible or impractical to see otherwise. While augmented reality adds to the reality one would ordinarily see, virtual reality is replacing it. It means computer-generated environments to interact with and be immersed in.
Using: HoloLens (Microsoft); Unity (also Android/iOS); AR foundation

The company is interested in developing new partnerships, under the form of a financial, joint venture or outsourcing agreement.
Within the context above, the company is interested in developing new client partnerships to support digital programs across the whole innovation-driven development journey: discovery & evaluation > capability infusion > pilot/mvp > design & setup > operation & scalability, under outsourcing agreement.
The company is also interested in setting up joint ventures based on R&D projects that can be expanded and packaged into products aimed at solving market needs. For this, they are looking for co-investors that have strong backgrounds in fund-raising and putting together executive teams.
With a wide technological experience in various industries, the company has touched on many possible business opportunities that could be captured by a dedicated product team with financial backing.
Furthermore, the company operates its own incubation program that tests promising ideas within the market using lean start-up methodologies.
They are looking for partners that have a strong network of investors and venture capital firms and can raise funds to set up enough runway for the joint venture executive team to capture market share. The partner would be involved in recruiting a management team, for business roles, as the technical roles can effectively be recruited and vetted by the company.

Advantages & innovations

The custom-tailored solutions developed by the company help different market leaders in healthcare, logistics, manufacturing, finance/ insurance and media to optimize their operations and last but not least save time and costs. Existing market solutions have limitations and come with additional costs and effort to adapt to individual environment and specific business demands. On the other side there are many software products, who didn’t make major steps yet towards offering automations to their customers. The high-quality products and services offered are the result of a wide portfolio and an active involvement in research and innovation projects. The flexibility is another advantage as they can adapt easily to the needs and requirements of the clients and they can offer customized solutions for different types of industries.

Stage of development

Already on the market

Partner sought

The company is interested in developing new partnerships, under the form of a financial and joint venture. Investors and entrepreneurs, who believe that the technologies can bring businesses to the next level based on financial and joint venture agreements. The setup for this entity will require open and fair negotiations and from a perspective that would bring the most benefit to the long-term survival and growth of the joint venture. The company already has experience in setting up such joint ventures and would prefer a partner that has at least some experience as well. There is a strong preference for partners that have deep business expertise because the company has deep technology expertise that is best complemented as such. The exit strategy of such a joint venture will be mutually agreed upon and should be discussed openly. The company’s preference is aiming for acquisition by a market leader in the space it will operate. They are, also, looking for early adopters, SME`s, enterprises and other organization forms interested to optimize their processes, based on outsourcing agreement.