Hasselt-based ResultX has secured over €400k in innovation grants from the Flemish Company for Innovation and Entrepreneurship (VLAIO) to make ESG (Environmental, Social, and Governance) reporting accessible to thousands and thousands of small and medium-sized enterprises (SMEs) throughout Europe.
“We’re extremely proud to share that ResultX has secured over €400K in innovation grants from VLAIO – Flanders Innovation & Entrepreneurship (Company for Innovation and Entrepreneurship Flanders),” stated ResultX in a social media assertion. “It is a huge vote of confidence in our mission to make ESG really accessible for thousands and thousands of SMEs. Backed by this help, we’re doubling down on finetuning our AI fashions and accelerating the event of our platform.”
Based in 2022 by Simon Van de Voorde, Joos Kesters, and Andries Paesen, ResultX is constructing a user-friendly ESG platform designed particularly for SMEs – an usually missed phase on the subject of compliance instruments.
The startup leverages synthetic intelligence to automate the extraction, evaluation, and reporting of ESG knowledge, enabling companies to generate real-time, audit-ready reviews on the click on of a button. By eliminating the necessity for spreadsheets and handbook work, ResultX goals to assist SMEs navigate rising sustainability expectations from clients, regulators, and traders alike.
In accordance with their web site, the software program reads a purchasers’ paperwork, invoices, and inner information, then routinely organises ESG knowledge utilizing extensively adopted frameworks so that they see the place they stand and what’s lacking. It connects on to their instruments and provide chain, pulling reside ESG knowledge with out chasing reviews, emailing colleagues, or getting into numbers by hand.
ResultX scans the information and highlights blind spots “in minutes“, reportedly turning uncooked enter into ready-to-use insights. It additionally pulls ESG knowledge throughout the purchasers’ worth chain, serving to them keep credible throughout each inbound and outbound hyperlink of their ecosystem.
The newly secured funding from VLAIO will allow ResultX to speed up the event of its platform, with a selected give attention to refining its AI fashions and increasing automation options. This contains capabilities to routinely reply to plain ESG inquiries from banks or purchasers, in addition to streamline coverage documentation and knowledge integration with present programs.
“Nevertheless it’s not simply concerning the tech or the grants. In the long run it’s concerning the individuals. Our individuals. With a mean age of 25.7 (!), our crew is proving that zeal and grit can beat expertise. Day-after-day, we’re pushing the boundaries of what’s doable,” added the corporate.
ResultX’s imaginative and prescient to simplify ESG compliance aligns with broader regulatory shifts throughout Europe, the place transparency and sustainability are quick changing into non-negotiable.
