Forestreet Awarded Funding to Accelerate Pioneering AIPosted November 18, 2020
Forestreet has been awarded UK Government research funding to accelerate its pioneering use of AI in the mapping and tracking of fast-moving technology markets. Forestreet will continue to apply novel natural language processing techniques to further automate and enhance the activities currently performed by highly skilled market analysts.
We want to contribute to a low-carbon economic recovery, so our test case for these new techniques is to create a comprehensive index of carbon reduction technologies for small and medium sized businesses. This index will be packaged into an easy-to-use dashboard and made freely available through our web-site at the end of the R&D project in February 2021.
Innovate UK Executive Chair Dr Ian Campbell said:
“In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy.
Forestreet Ltd, along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development.”
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