Creation and Commercialization of Knowledge and Achievement Evaluation Support Systems Based on Artificial Intelligence Miscanthus-20 -

Creation and Commercialization of Knowledge and Achievement Evaluation Support Systems Based on Artificial Intelligence Miscanthus-20

Vilnius Business College, together with its partner – MB Miskantas, started implementing the project “Creation and Commercialization of Knowledge and Achievement Evaluation Support Systems Based on Artificial Intelligence” under the measure “Promotion of the Commercialization and Internationalization of Results of MTEP” of Priority 1 “Promotion of Research, Experimental Development, and Innovation” of the 2014-2020 European Union Funds Investment Action Program. The project is financed by the European Union Structural Funds. The project budget is EUR 99,953.64 (the amount allocated from the European Regional Development Fund for the project is EUR 99,953.64).

During the project, experimental development activities will be carried out to create, test, and evaluate the final prototype and trial version of the knowledge and achievement evaluation support system based on artificial intelligence. The system being developed by Vilnius Business College and the partner’s researchers will be the world’s first closed and open-ended question evaluation system automated by artificial intelligence, not limited to evaluating achievements in a specific field and providing feedback to both the test-taker and the person administering the test.

The project idea aligns with both global and national objectives – promoting innovation in the education system and fostering the development of innovative products based on artificial intelligence are among the strategic directions of the European Commission (as well as Lithuania). The product developed during the project will also contribute to increasing the competitiveness of Lithuanian and European economic entities – the innovative system created in collaboration with the science and education institution will be commercialized after the project implementation and will be available not only to Lithuanian but also to users from other European Union countries.

The project is planned to be implemented within 15 months.

More information about the project:

https://www.esinvesticijos.lt/lt//finansavimas/paraiskos_ir_projektai/dirbtiniu-intelektu-gristos-ziniu-ir-pasiekimu-vertinimo-paramos-sistemos-kurimas-ir-komercinimas-1

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Vilnius Business College Company code 191807983