Solafune, Inc. (CEO: Ren Uechi), which develops and provides satellite data analysis technology and operates the satellite data analysis platform "Solafune," is pleased to announce that its demonstration project for advanced flood risk analysis and forecasting technology using satellite data in the Republic of Senegal has been selected for the Ministry of Economy, Trade and Industry's FY2024 supplementary budget for the Global South Future-Oriented Co-Creation Subsidy Program (Small-Scale Demonstration and Feasibility Study).

The project aims to verify the effectiveness of new risk management methods that utilize satellite data and support their introduction in response to flood damage in the Republic of Senegal, which has been exacerbated by recent climate change.

*Special website for the FY2024 Supplementary Budget Global South Future-Oriented Co-Creation Subsidy Program (Small-Scale Demonstration and Feasibility Study)

https://gs-hojo-web-fspoc.jp/index.html

■ Background of the selected project

Climate change is causing flood damage to an increasing number of areas worldwide, and infrastructure vulnerability is hindering economic development, particularly in countries in the Global South. Responding to floods is an urgent issue in the Republic of Senegal, where this demonstration project will be conducted, but human resources are limited, necessitating new countermeasures. Meanwhile, the country has established its new National Space Agency (ASES), which has shown a strong interest in digital transformation (DX) through the use of satellite data and the introduction of advanced technologies. Solafune has previously signed a memorandum of understanding (MOU) with ASES and has been engaged in comprehensive discussions aimed at resolving the country's challenges.

■ About Solafune

Solafune is a start-up company that develops and provides satellite data analysis technology with the mission of "Hack The Planet. Our satellite data platform "Solafune" is used in over 130 countries and regions around the world, and we are actively providing our technology to countries in Asia, Africa, the Middle East, and other parts of the world.

Company name: Solafune Inc.

URL: https://company.solafune.com

Tokyo Office: Marunouchi Building 28F, 2-4-1 Marunouchi, Chiyoda City, Tokyo, 100-6390, Japan

CEO: Ren Uechi

Business Activities: Satellite data analysis, software licensing, related services

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■ Contact us

Solafune PR

E-mail: pr@solafune.com