Romanian digital platform Code of Talent obtains non-reimbursable financing of almost one million Euro
The Romanian Code of Talent platform, specialized in digitizing the “Learning & Development” and “Business Execution” processes, obtained a non-reimbursable financial assistance of almost one million Euro from European funds, the company announced.
The total value of the project “Code of Intelligent Talent – innovation in microlearning through the use of artificial intelligence” (MySmis Code: 129112) is about 1.4 million Euro (6,816,925.11 lei), of which approximately 936,000 Euro (4,549,174,32 lei) represents the volume of non-reimbursable financing, and about 466,000 Euro (2,267,750 lei) the company’s contribution. The project runs for a period of 24 months, between August 4, 2020 – August 3, 2022.
“The Code of Talent digital platform is based on four pillars. First, personalization: each user learns at their own pace. Second, learning is assisted, with users constantly guided by a trainer or expert. Thirdly, the application offers users the opportunity to communicate and learn collaboratively. And last but not least, the course units are structured in the form of ‘missions’ that actively involve users. It has long been known that these solutions, which turn the assimilation of often arid information into an attractive game, give excellent results. These characteristics increase the degree of involvement of the participants and lead to a completion rate of courses up to 10 times higher than in the case of conventional e-learning platforms. One of the major disadvantages of traditional e-learning solutions is the high dropout rate among users due to the long duration of the program, of the unattractive presentation or of the lack of a permanent feedback,” note the representatives of the platform.
Since September 2018, Code of Talent operates as an independent company, and in the last three years the project has attracted funding worth half a million Euro, while making its own investments of about 475,000 Euro.