(Alliance News) - FOS Spa announced Thursday the awarding of four research and development projects within the 'RAISE' ecosystem, Robotics and AI for Socio-economic Empowerment.

The four projects will be funded by the FOS group through an investment of EUR728,251, with a grant contribution of EUR475,403 from RAISE and MUR, and will be developed together with several companies.

RAISE, FOS points out in a note, is the innovation ecosystem conceived and coordinated by the University of Genoa, the National Research Council and the Italian Institute of Technology, funded by the Ministry of University and Research, whose goal in Liguria is to support the development of artificial intelligence and robotics to generate new opportunities, both nationally and internationally.

RAISE is organized according to the hub model - that is, the entity responsible for initiating, implementing, managing and coordinating the Innovation Ecosystem - and spoke - which are the living part of the project and represent the place where the actors involved in the project realize the primary objective: technology transfer to the market, moving from the laboratories to the real world of supply and demand in the market.

FOS stock trades in the green by 2.0 percent at EUR3.14 per share.

By Chiara Bruschi, Alliance News reporter

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