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A cutting edge transcription process and technology revolutionizing the transcription industry.

Objective

In today’s business environment, an endless string of meetings, interviews, conferences and seminars are being conducted.
In this scenario, deaf people often lack access to information, being this considered as indirect discrimination. Companies
shall provide reasonable accommodation for deaf and hard of hearing people since they are at high risk of becoming
unemployed and remaining unemployed, drifting into long term unemployment. Moreover, it is a fact that the majority (56%)
of deaf or hard of hearing employees have experienced discrimination during their career, leading to one out of four deaf
people leaving a job because of a difficult environment.

Verbatizer makes transcription services easier and more profitable. With an overall accuracy of 95%, it is the most accurate
technology in the transcription industry. Verbatizer guarantees the fastest turnaround time at any volume and a highly
experienced team of transcribers, which make possible the most competitive price per value in transcription market. The
breakthrough behind Verbatizer are its processing modules, able to discriminate between different languages and speakers,
improve recognition sensitivity regardless the environmental noise and recognise the topic of the audio for improved
accuracy.

To date, we have raised €650K from the Israeli OCS and €3.4M from top tier Venture Capitals and private investors, of
which €1.92M have been invested into the development of our ASR engine and ensure its robustness and efficacy. Within
the overall project, we intend to finalise software engineering and conduct a multi-customer pilot trial within Europe. Current
IP portfolio will be expanded to EU.

The proposed work in Phase 1 of the SME instrument fits into our overall plan to reach the market by contributing the
financial resources needed to plan a fast sound wider deployment of Verbatizer and its market uptake.

Call for proposal

H2020-SMEINST-1-2016-2017
See other projects for this call

Coordinator

VERBIT SOFTWARE LTD
Address
Haarba 18A - 3Rd Floor
Tel Aviv
Israel
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 50 000