An American organisation, Indy Autonomous Challenge (IAC), which organises races between self-driving cars, is launching a spin-off in Belgium.
The company will be based in Sint-Truiden, with investment from Limburg company LRM and insurer Ethias, according to newspaper De Tijd.
IAC, LRM and Ethias are jointly investing €5 million in the new venture, called Aidoptation. A larger funding round is expected in the future.
Aidoptation aims to develop commercial applications based on IAC’s knowledge and intellectual property.
Credit: Indy Autonomous Challenge
The autonomous vehicles will operate from DronePort, located at the former military airport in Brustem, near Sint-Truiden. This facility includes a 3-kilometre-long landing strip with branches.
The decision to locate in Belgium was influenced by the strategic proximity to innovation centres and the presence of international institutions.
