Programme name: SMEs Growth Romania – Boost to Romanian Business sector: Business Growth in Start-ups – 2nd call
Project name: dMonitor – Sanctions Lists
Project Promoter: Process Lab S.R.L.
Total project duration: 8 months – from 13.02.2023 to 13.10.2023
Total eligible expenses: EUR 58.540
Total grant approved: EUR 49.759
Co-financing: EUR 8.721
We are delighted to announce a significant development at Process Lab. We are currently in the process of creating an innovative module that will serve as a valuable addition to our latest product, dMonitor. This module will have a distinct focus on monitoring international sanctions lists, specifically targeting the official lists of names published by various authorities at both national and international levels. By providing comprehensive coverage and real-time updates on these lists, our goal is to enhance the compliance processes of businesses and organizations worldwide.
We are proud to share that this ambitious project has received generous support from the EEA Grants 2014-2021, through the SME Growth Programme Romania. This funding, provided by Iceland, Liechtenstein, and Norway, demonstrates their commitment to fostering innovation, development, and growth within the Romanian business landscape. With the support of EEA Grants, we are confident that we can accelerate the development and implementation of this module, bringing us closer to our vision of establishing dMonitor as a fully comprehensive international KYC tool.
The EEA Grants initiative serves as a crucial instrument for promoting economic cooperation and reducing social and economic disparities across the European Economic Area (EEA). By facilitating the transfer of knowledge, technology, and expertise between EEA member states and beneficiary countries, the EEA Grants contribute to fostering sustainable development and strengthening business competitiveness.