{"id":18269,"date":"2025-08-08T11:14:22","date_gmt":"2025-08-08T08:14:22","guid":{"rendered":"https:\/\/powersoft365.com\/?p=18269"},"modified":"2025-08-08T17:28:09","modified_gmt":"2025-08-08T14:28:09","slug":"new-e300000-investment-in-artificial-intelligence-by-powersofte198800-funding-from-the-research-and-innovation-foundation-for-the-innovative-apparelbridge-project","status":"publish","type":"post","link":"https:\/\/powersoft365.com\/en\/blog\/news\/new-e300000-investment-in-artificial-intelligence-by-powersofte198800-funding-from-the-research-and-innovation-foundation-for-the-innovative-apparelbridge-project\/","title":{"rendered":"New \u20ac300,000 Investment in Artificial Intelligence by Powersoft\u20ac198,800 funding from the Research and Innovation Foundation for the innovative ApparelBridge project"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18269\" class=\"elementor elementor-18269\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c68648 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c68648\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e4230a\" data-id=\"6e4230a\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8eb19fe elementor-widget elementor-widget-text-editor\" data-id=\"8eb19fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Powersoft, a leading Cypriot software company specialising in retail\u2014particularly in the fashion sector\u2014announces the launch of its new research project, <em>ApparelBridge<\/em>, with a total budget exceeding \u20ac300,000, of which \u20ac198,800 is co-funded by the Research and Innovation Foundation (RIF).<\/p><p>This marks Powersoft\u2019s second investment in an Artificial Intelligence (AI)-driven project, aiming to develop a data harmonisation platform specifically designed for the fashion industry. The project is part of the competitive \u201cFast Track Innovation\u201d program and will be completed in just 9 months, underscoring the speed at which Powersoft transforms innovation into real products.<\/p><p>The <em>ApparelBridge<\/em> platform aspires to deliver tools that allow companies in the industry to manage, compare, and leverage data from multiple sources with accuracy, speed, and intelligence, facilitating the export of Powersoft\u2019s software solutions abroad.<\/p><p><strong>Statement by CEO, George Malekkos (Project Manager):<\/strong><br \/>\u201cArtificial Intelligence is evolving at a pace we\u2019ve never seen before in the history of technology. At Powersoft, with over 30 years of experience in fashion and retail, we\u2019re harnessing that speed and combining it with our deep knowledge to create solutions that bring real value to the market.<br \/><em>ApparelBridge<\/em> is more than just a tech project\u2014it\u2019s a strategic vehicle for innovation and international outreach for Cyprus.<br \/>I would like to extend my sincere thanks to Mr. Theodoros Loukaides (Director of the Research and Innovation Foundation) and his team at RIF, especially Mr. Stavros Kampanellas, project officer, for their guidance, support, and trust in our vision.\u201d<\/p><p><strong>Statement by Chryso Mousikou, Data Analytics Lead of the project:<\/strong><br \/>\u201c<em>ApparelBridge<\/em> is more than just a technological project\u2014it\u2019s the foundation for creating a shared \u2018data language\u2019 for the fashion industry.<br \/>With AI as our core tool, we aim to unify fragmented sources of information, giving companies in the sector the ability to make decisions based on reliable and harmonised data.<br \/>It\u2019s an honour for me and my team to lead a project with the potential to radically change how the fashion industry approaches data and innovation.\u201d<\/p><p>Source:<a id=\"anchor-5cbb24cd-0156-b4fb-738b-57f2d2c7847c\" title=\"https:\/\/www.boussiasnews.cy\/el\/news\/1754635769\/nea-ependisi-stin-tekhniti-noimosyni-apo-tin-powersoft-ypsoys-eur300000?\" href=\"https:\/\/www.boussiasnews.cy\/el\/news\/1754635769\/nea-ependisi-stin-tekhniti-noimosyni-apo-tin-powersoft-ypsoys-eur300000?\" data-auth=\"NotApplicable\" data-linkindex=\"0\" data-olk-copy-source=\"MessageBody\">\u00a0Boussias News<\/a><\/p><p>Source: <a href=\"https:\/\/inbusinessnews.reporter.com.cy\/article\/432835\/i-nea-ependysi-tis-powersoft-se-erg-basismeno-sto-ai-anaptyssei-platforma-eidika-ga-ti-biomichania-tis-endysis\">https:\/\/inbusinessnews.reporter.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Powersoft, a leading Cypriot software company specialising in retail\u2014particularly in the fashion sector\u2014announces the launch of its new research project, ApparelBridge, with a total budget exceeding \u20ac300,000, of which \u20ac198,800 is co-funded by the Research and Innovation Foundation (RIF). This marks Powersoft\u2019s second investment in an Artificial Intelligence (AI)-driven project, aiming to develop a data&#8230;<\/p>\n","protected":false},"author":12,"featured_media":18272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-18269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New \u20ac300,000 Investment in Artificial Intelligence by Powersoft\u20ac198,800 funding from the Research and Innovation Foundation for the innovative ApparelBridge project - Powersoft365<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/powersoft365.com\/en\/blog\/news\/new-e300000-investment-in-artificial-intelligence-by-powersofte198800-funding-from-the-research-and-innovation-foundation-for-the-innovative-apparelbridge-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New \u20ac300,000 Investment in Artificial Intelligence by Powersoft\u20ac198,800 funding from the Research and Innovation Foundation for the innovative ApparelBridge project - Powersoft365\" \/>\n<meta property=\"og:description\" content=\"Powersoft, a leading Cypriot software company specialising in retail\u2014particularly in the fashion sector\u2014announces the launch of its new research project, ApparelBridge, with a total budget exceeding \u20ac300,000, of which \u20ac198,800 is co-funded by the Research and Innovation Foundation (RIF). 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