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.
Fields of science
Programme(s)
- HORIZON.3.1 - The European Innovation Council (EIC) Main Programme
Funding Scheme
HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended FinanceCoordinator
1368 STABEKK
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.