UAB “inlusion Netforms” is implementing a project financed by the EU Structural Funds entitled “Development of export of UAB “inlusion Netforms” services”. The total value of the project is EUR 97.666,00. EUR 45.000,00 of which is from the European Regional Development Fund.
The investment for the implementation of the project was granted under the implementation measure No 03.2.1-LVPA-K-801 “New opportunities LT” of Priority 3 “Promoting the competitiveness of small and medium-sized enterprises” of the Operational Programme of the European Union Funds for 2014-2020.
UAB inlusion Netforms has been operating in Lithuania since 2010 and provides specialised IT, programming and CRM system development services, as well as colocation and cloud services to other data management companies in Germany and Hungary, and creates virtual reality solutions. For the last 18 months the company has been specialising in virtual reality.
The company develops VR simulators for training, entertainment, virtualisation of architectural monuments and educational-cultural virtual reality simulators using the latest VR technological tools (3D scanning, eye tracking). The company aims to increase its turnover by looking for foreign markets, the first steps have already been taken, the company has already started export activities, but in order to expand on a larger scale it needs to present its products in a comprehensive way at exhibitions.
The aim of the project is to ensure the emergence of new export markets, thus contributing to the diversification of the company’s markets and risks, the increase in turnover, exports, competitiveness and the overall growth of Lithuanian export volumes. It is expected that participation in international exhibitions related to the company’s services will help to find potential customers and partners in foreign countries, who will appreciate the quality of UAB inlusion Netforms’ services and the experience available.
The main export destinations are countries with a high level of development of IT technologies and huge development potential in the IT sector (USA, Great Britain, Germany, United Arab Emirates, France, Japan).
Successful implementation of the project and the establishment of contacts in foreign markets can be expected to lead to a significant market share and sales expansion. After the project, the company plans to continue to actively expand its sales to the EU, CIS and other countries. The contacts with foreign partners established during the project will allow the company to discover new export markets, expand them and increase sales. The company estimates that the project will increase the value of the company’s exports by more than EUR 1 200 000 over the 3 years following the project, which will allow it to increase productivity, improve efficiency, invest profits in the development of new services and the search for new markets, and create new jobs.
The project activities are scheduled to be completed on 21 May 2021.
UAB “Inlusion netforms” is implementing the project No.J05-LVPA-K-04-0071 “Smart Virtual Reality System for the Assessment of Employees’ General Competences”, financed by EU structural funds.The total value of the project is 1.473.136,99 EUR, the amount of support – 765.646,63 EUR.
The project plans to develop an intelligent virtual reality system for the assessment of employees’ general competences. The system will be based on virtual reality technologies, artificial intelligence, cloud computing and psychophysiological personality assessment methods. The system will be designed to assess the general competences of managers at all levels to determine their suitability for candidacy and/or performance.
The challenges facing the modern organisation are considerable. One of these challenges is the selection of qualified staff who are committed to knowledge, self-development and development. For a modern manager, the selection of staff is often a prerequisite for the success of his or her company, and this problem is relevant in all organisations and companies. There are many specialised companies, methods and systems for personnel selection on the market, but many organisations do not use them yet. Recruitment always requires human resources (if the recruitment is carried out by the company itself) or financial resources (if the recruitment is carried out by specialists), so recruitment methods must be reliable and have good criterion, construct and predictive validity. Improving the staff selection system is therefore important for every institution or organisation. In practice, the most common staff selection methods or models used are those specific to the company, the post, the nature of the job or the conditions: interviews with managers, psychometric tests, pilot work tests, analysis of biographical data, recommendations, surveys, etc. Virtual reality (VR) technologies can be applied to most of these methods.
Human resource management is one of the fast-developing areas of VR applications. Such applications have started to be used in the areas of recruitment, management, competency assessment, skills development and discovering new employee/candidate opportunities. There are recruitment companies around the world that conduct impartial job interviews using virtual reality platforms. It is believed that a purposefully designed simulation environment can reveal the specific characteristics and skills of an employee/candidate better than a live interview. The use of virtual reality technologies in the selection process can also be used to test a candidate’s work skills and/or personal qualities. The analysis of the HR market shows that the application of VR products in recruitment/management has the potential to breakthrough and fundamentally change recruitment and management processes. However, the development of VR solutions requires investment. The company does not have the necessary funds and has therefore decided to apply for project support.
The project funds will be used to purchase high quality R&D services and to recruit highly qualified scientists to carry out research and experimental development work on the development of an intelligent virtual reality system.