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Smart secure system to share resources between OWners AND BOrrowers in a peer-to-peer collaborative consumption market

Objective

OWANDBO is a collaborative platform that empowers individuals towards more participative and open exchange of resources; reduces carbon footprint by sharing assets; expands the life cycle of a product and reduces waste.OWANDBO allows members to rent and share the resources that they own and do not use enabling them, Owners and Borrowers, to benefit from a mutual economic transaction. OWANDBO 's potential could achieve over 10 million renting transactions between members throughout the world in five years, saving over 10,000tonnes of waste and generating value for members, the governments and partners associated. Currently there are no digital platforms like OWANDBO that allow peers to connect and share their underutilized goods and assets in a convenient, accessible, user-friendly and profitable way. The market potential for the sharing economy in Europe is €572 billion. In France alone while 19% of consumers reported use of this type in 2013, twice as many considered it in 2014, and 60% in 2015. However the big picture of the business opportunity for Buzinger with the OWANDBO project includes also environmental benefits and creation of governmental wealth through taxation on transactions, increased quality of goods exchanged, fostering local production and empowering individuals with new revenues. At Buzinger we have identified a great business opportunity within main cities in Europe and the US for a reliable Platform (OWANDBO) that assures users that assets will be available when needed and guarantees owners that their possessions will be treated appropriately and returned in the same conditions as before renting them. In five years time OWANDBO will be at the same level of other digital platforms, Airbnb, BlaBlaCar, within the Sharing Economy.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

BUZINGER SL
Net EU contribution

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.

€ 50 000,00
Address
C/ LLANOS DE ESCUDERO 24 1 D
28017 MADRID
Spain

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Comunidad de Madrid Comunidad de Madrid Madrid
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 71 429,00
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