Project description
Affordable and customisable event management
The growth of small and medium-sized enterprises (SMEs) has been highly encouraged by the EU with new solutions and innovations that can assist them in achieving high desirability. Currently, event management software options available to SMEs are either customisable (but at a high cost) or limited to specific models, which hampers the need of SMEs for customisable solutions at reasonable prices. The EU-funded EVENTADAPT project is supporting Portugal-based company Last2Ticket in their aim to satisfy these needs. In this context, Last2Ticket plans to introduce an event management software that will use a subscription plan model providing SMEs with transparent, highly customisable and cost-efficient event management solutions.
Objective
Event management software solutions currently available are offered as either standard solutions or customizable but expensive ones. Last2Ticket proposes to revolutionize the industry, by offering a cost effective, customizable and transparent solutions especially suited for SMEs needs.
Last2Ticket empowers event organizers with event management software solutions and is looking to democratize access to SMEs with subscription plans adapted to their needs. Its highly responsive and reliable tools support event organizers in creating truly unique and memorable live experiences that meet their event objectives, covering most event organizers’ needs when it comes to core functions of registration & ticketing, marketing and analytics, for a wide range of event types.
Enabled by recent developments on the company’s proprietary platform, this SaaS business model will enable us to implement our strategy of scaling the business and its international expansion.
With strong in-house development capabilities and event management expertise, the company is well positioned to disrupt the market. Operating from Portugal since 2011, the company reached €1.85 million in revenue in 2017.
Last2Ticket estimates a total of €106 million of potential revenue from US and EU markets over the period 2018-2022 achieving the 100 000 customers mark in 2022. To achieve this, we will need to more than double the team. We estimate needing €1.5 million to reach commercialization stage, which would be used in technical resources and to market the solution. Provided that we can demonstrate economic and technical feasibility of the proposed solution, as described in the SME Instrument Phase 1 workplan, we have demonstrated interest from new and current investors in accompanying the venture as we look to disrupt the market.
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.
- natural sciences computer and information sciences software software development
- social sciences economics and business business and management business models
- social sciences economics and business economics production economics productivity
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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.
4200 135 PORTO
Portugal
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.