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 tens of millions 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 tens of millions 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 typically missed section with regards to 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 guide work, ResultX goals to assist SMEs navigate rising sustainability expectations from prospects, regulators, and buyers alike.
In keeping with their web site, the software program reads a shoppers’ paperwork, invoices, and inside information, then routinely organises ESG knowledge utilizing broadly adopted frameworks so that they see the place they stand and what’s lacking. It connects on to their instruments and provide chain, pulling dwell ESG knowledge with out chasing reviews, emailing colleagues, or coming into numbers by hand.
ResultX scans the info and highlights blind spots “in minutes“, reportedly turning uncooked enter into ready-to-use insights. It additionally pulls ESG knowledge throughout the shoppers’ 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 specific concentrate on refining its AI fashions and increasing automation options. This consists of capabilities to routinely reply to straightforward ESG inquiries from banks or shoppers, in addition to streamline coverage documentation and knowledge integration with current techniques.
“But it surely’s not simply in regards to the tech or the grants. Ultimately it’s in regards to the folks. Our folks. With a median age of 25.7 (!), our staff is proving that keenness and grit can beat expertise. Every single day, we’re pushing the boundaries of what’s potential,” 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 turning into non-negotiable.
