Objective GroupEstate is an innovative ICT business that seeks to solve a major social problem - access to affordable home ownership. It addresses this problem by providing an online platform that allows individuals to start and manage a shared property project, in which the ownership structure of a property is split between several individuals. By dividing the cost of purchasing real estate, participating individuals can more readily gain access to the property market, thereby affording them at least a portion of the benefits of home ownership.To enable this disruptive approach to property and finance markets, GroupEstate will develop prototypes of its internet-based software product for European markets. Important milestones - such as the acquisition of beta test users, securing of banking and real estate industry partners, incubation period in a technology hub, and nomination for a major European innovation prize - have been reached.GroupEstate will now launch a six-month feasibility study to analyse its progress, refine and expand its technology, identify key customer segments, assess and improve existing financial assumptions and market size analysis, and explore current and potential revenue channels. The feasibility study will include a review of international expansion opportunities by studying European markets according to a set of criteria, identifying potential partners, reviewing regulatory and legal environments, checking prototype product fit and localization requirements, and undertaking a cost analysis. The feasibility study will be prepared concurrently alongside a detailed business plan.GroupEstate's innovative and scalable technology product will disrupt existing markets, solve a social challenge, and generate sustainable and profitable revenues. But it also carries high risks and barriers to entry. A detailed feasibility study and business plan is needed to understand and overcome the obstacles to implementing its visionary solution. Fields of science natural sciencescomputer and information sciencesdata sciencesocial scienceseconomics and businesseconomicsmonetary and financessocial sciencessociologysocial issuessocial scienceseconomics and businessbusiness and managementbusiness modelssocial scienceslaw Programme(s) H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) ICT-37-2014-1 - Open Disruptive Innovation Scheme (implemented through the SME instrument) Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2014 Funding Scheme SME-1 - SME instrument phase 1 Coordinator GROUPESTATE UG (HAFTUNGSBESCHRANKT) Net EU contribution € 50 000,00 Address Strausberger platz 1 10243 Berlin Germany See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Berlin Berlin Berlin Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00
