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Nav N Go (iGO Makers) Receive EU Funding; Create a Location-Based Mobile Platform

Hungarian company Nav N Go, well known for its iGO nav software, recently received funding from the EU in order to develop a location-based platform for mobile devices. The funding is around 1 million euros and the project already started, as Nav N Go cooperates with the Budapest University of Technology and Economics and U1 Research Nonprofit Ltd.

The new platform will allow independent developers to include location-based services in their apps. Also, Nav N Go wants to create a semantic context management method that will recognize and manage location specific information in text messages. The company will include speech recognition and phonation as well in the new platform.

Expect to see a final version of the software in the second half of 2011. We have say that Nav N Go went a long way in a short time, as in 2006 they were showcasing their first product at CeBIT in Germany and now they’re a leading navigation solution provider, working with over 70 hardware makers.