Project description
Innovative packaging solution for any shipment
Online shopping is on the rise; therefore, so are the shipments of consumer goods. Growing exponentially, online retailers are searching for the best packaging solution for each item. In this context, the EU-funded OPVOL project has come up with an innovative solution to assist shippers in the selection of packaging. Specifically, the project is developing a novel dimensional scanning technology for irregularly shaped packages. OPVOL’s solution is based on machine learning for automation of the selection of best available packaging size, providing extraordinary versatility to characterise items of any shape, made of any material and in any colour.
Objective
In the era of ecommerce, the number of small shipments has grown exponentially, leading to a new paradigm in Logistics. Traditional solutions for optimisation of freight volume are now insufficient and on-line retailers demand innovative systems that assist them to select the best available packaging for each item, and are effective for any item nature, geometry and shape.
Within this background, our enterprise has identified an excellent market opportunity for an innovative solution that assists shippers in the selection of best available packaging volume, for each type of item. Since shipping costs account for as much as 8%-11% of gross e-commerce sales, a solution that can reduce in an average 5% the volume of the shipped parcels, has an enormous potential for high growth.
OPVOL is an innovative dimensional scanning technology for irregular shapes, with unprecedented versatility to characterise items of any geometry, made of any material and in any colour. OPVOL offers an excellent precision (<3mm) with a high measurement speed (<20s) to determine the volume of items. OPVOL implements advance software solutions based on machine learning for automation of the selection of best available packaging volume, for a given item geometry and volume as determined in the dimensional measurement.
This project will enable our enterprise to reach a total revenue above 26 million € and 90 new direct jobs by 2024, corresponding to OPVOL technology installed in near 60 logistic centres worldwide.
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.
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.
- engineering and technology materials engineering colors
- social sciences sociology industrial relations automation
- social sciences economics and business business and management commerce e-commerce
- natural sciences mathematics pure mathematics geometry
- natural sciences computer and information sciences artificial intelligence machine learning
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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.
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.
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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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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.
46870 ONTINYENT
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.