A Bulgarian software company offers disruptive tech solutions in the field of augmented reality under license agreement and commercial agreement with technical assistance

TechnologyBulharskoTOBG20210531001
Offers
Summary: 
The Bulgarian company is specialised in designing and developing augmented reality mobile and web applications that bring static content to life and allow people to experience and share emotions in a new way. It offers innovative products as well as software Android dedicated services. The company is looking for international partners under license agreement and commercial agreement with technical assistance.
Description: 
The company was established in 2015 in Sofia, Bulgaria. It is a start-up funded by venture capitalists famous for their involvement in companies such as Skype, Tesla, SpaceX, etc. For the past six years the company has expanded its market coverage to Serbia, Romania, Cyprus, Germany, Austria, Switzerland, UK, and Australia. The company develops a proprietary augmented reality technology that bridges the gap between the digital and the physical worlds through enabling people to share emotions in a new way. Special algorithms allow to recognize images, detect surfaces and implement 2D and 3D digital content. The first product of the company – AR greeting cards – is already validated, gaining traction in different regions and generating revenue. The company targets traditional industries and offers an end-to-end solution which allows them to innovate through augmented reality and therefore bridge the gap between the digital and physical worlds. The company offers the opportunity to present custom digital content through an AR platform. They bring value to businesses by - low implementation costs; - increased profit margins due to innovation and added value; - Increased target audience; - designing immersive experiences that maximise consumer engagement; - new and cost-effective communication channel. The main markets that are the company’s target are: augmented reality, greeting cards market, advertising and packaging markets. The company has the necessary technology, business and entrepreneurial knowledge, as well as experience to efficiently scale the business further. Currently, the Bulgarian company has a contract with one of the top three greeting card companies in Germany, 3 agents in UK and an agent in Australia, distributors in Serbia, Romania, and Cyprus as well as over 350 retail outlets in Bulgaria. At present, the company is developing new products and redesigning their application. They support existing AR campaigns and are looking to attract new customers under license agreement and commercial agreement with technical assistance.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought: 
Possible partners could be start-ups and small and medium-sized companies, with their own IT departments. The Bulgarian company is interested in cooperation with companies and institutions representing mainly (but not limited to) advertising, packaging, retail, as to develop, exponentially improve existing software or digitalise their business with disruptive software products / software development. Hardware and software vendors. The cooperation is planned via license agreement or commercial agreement with technical assistance. Potential partners may be from the ICT sector, industry sector, services sector or any other companies involved in the mobile applications use or development field.
Stage of Development: 
Already on the market
IPR Status: 
Copyright,Other
External code: 
TOBG20210531001