Project description
Boosting corporate innovation efficiency
The EU stands as a global leader in generating exceptional scientific research. However, it requires assistance in transforming these endeavours into commercial successes. To reduce the time dedicated by industry researchers to tasks such as data searching, aggregation and cleaning by 30 %, European corporations are in need of a secure and scalable digital R&D team member. This team member should possess the capability to read, analyse and independently extract insights from data. The project The Digital R&D team member, funded by the European Innovation Council, puts forward a comprehensive and scalable plan for European innovation. This proposal is built upon nearly 6 years of research, coupled with initial steps in commercialisation, all at the forefront of machine learning and natural language processing.
Objective
The European Union is a global leader when it comes to producing brilliant science, but struggles to commercialize it. We offer one part of a solution, to increase corporate innovation efficiency by 5-10%.
To remove the current 30% of industry researchers' time wasted on searching for, aggregating and cleaning data, European corporates need a Digital R&D team member who can read data, analyze content and develop insights autonomously in a secure, protected and scalable way.
This has not been possible until now, but after almost 6 years of research and development and early commercialization on the forefront of Machine Learning and Natural Language Processing, we are in the right position to complete and scale a unique European innovation. Our solid traction with corporate Proof of Concept clients proves a serious market need.
The Iris.ai team has a strong female CEO, a powerful co-founder team, and 20 team members across Europe, dedicated to their for-profit for-impact mission.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended Finance
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2022-ACCELERATOR-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1368 Brum
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.