Objective
Increasing the productivity of knowledge workers has been called the biggest management challenge of the 21st century. The biggest opportunity for addressing this challenge is improving the indoor environmental quality (IEQ) in office buildings. It is estimated that €70-190 billion is lost due to non-optimized office environments in Europe and the US.
720° is a unique sensor-based solution that improves the productivity and well-being of office workers by analysing IEQ in real time and automatically taking measures to ensure optimised working conditions. 720 Degrees helps its customers to turn office buildings into an employee productivity management tool. It increases employee productivity by at least 10%, improves health, cuts absenteeism, reduces the number of complaints and saves time and money for facility managers. The key enabler for the solution is company’s proprietary IEQ database (the most comprehensive in the world) that has been used to train 720 Degrees’ proprietary machine learning algorithms to provide unprecedented insights on the IEQ.
The IEQ monitoring solution was launched in 2014 and is currently used by more than 100 customers. They have successfully applied the 720° monitoring solution in their first buildings, but are now waiting for the automated IEQ improvement functionality to become commercially available before applying the 720° solution across their whole building portfolios. The finalisation of this functionality, strengthening of company’s commercialisation capabilities and preparation for fast expansion are the main objectives of the 720IEQ project. The execution of the commercialisation action plan is expected to increase the revenues to €44 million in 2022, and to €100 million (2% market penetration) in 2024 through further expansion to the US.
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 databases
- social sciences sociology industrial relations automation
- social sciences economics and business business and management business models
- social sciences economics and business economics production economics productivity
- 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-2 - SME instrument phase 2
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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.
00510 HELSINKI
Finland
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.