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

Project description

Fast and accurate transcription

The COVID-19 pandemic required many employees to work from home. Travel restrictions and other control measures like physical distances meant that meetings and conferences were either cancelled or held online. This has become the ‘new normal’, but it’s a scenario that has compromised the participation of deaf people. Studies show that deaf or hard-of-hearing employees have experienced discrimination during their careers, leading to one out of four deaf people leaving a job because of a difficult environment. In this context, the EU-funded Verbatizer project will make transcription faster and more accurate. The breakthrough behind Verbatizer is its processing modules that can discriminate between different languages and speakers and improve recognition sensitivity regardless of the environmental noise.

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.

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Programme(s)

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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.

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

VERBIT SOFTWARE LTD
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
HAARBA 18A - 3RD FLOOR
TEL AVIV
Israel

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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
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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