Project description DEENESFRITPL Helping global investors ensure maximal social impact Much as consumers are increasingly interested in the environmental and social impact of the goods they buy, investors are in search of sustainable investments to build their wealth. Clarity AI is a sustainability technology platform that uses machine learning and big data to deliver environmental and social insights to investors, organisations, and consumers. As of May 2022, Clarity AI’s platform analyses more than 30 000 companies, 220 000 funds, 198 countries and 188 local governments. In the EU-funded CLARITY project, the platform's social ratings and algorithms will be improved and scaled up to meet the requirements of the global market. Show the project objective Hide the project objective Objective Clarity is a highly innovative tech company offering an end-to-end solution that optimizes the social impact of the investmentportfolios of our clients, mainly investment management firms, in a HUGE MARKET (currently more than $23 trillion sustainable investments - one third of the total market) growing at 25% CAGR.Our TECHNOLOGY is based on disruptive use of big data and machine learning algorithms and a proprietary and innovativesocial impact methodology, developed by excellent researchers educated at top Universities from Spain (UPM, UCM) and USA (Harvard, MIT).Clarity UNIQUE VALUE PROPOSITION is based on:● More accurate and comprehensive social impact measurement● Automatic portfolio rebalancing to maximize social impact without compromising financial performance● Excellent user experience● Highly scalable and flexible SaaS business model with affordable pricingOur PRODUCT has already been tested by top CLIENTS managing more than €200 Billion, we have firm commitment of 8 more clients, (who manage more than €7 trillion in assets) and additional 30+ asset managers interested in testing it. Our tool has also been praised and supported by top experts in our key sectors, including United Nations, World Bank, World Economic Forum, Cambridge Associates, Gartner, BCG, McKinsey and Bain.We have an exceptional TEAM and detailed strategy and EXECUTION PLAN. We have recently closed a first round of €1.4Mn+ and secured commitments from other venture capital investors. In addition, we have been awarded €250K in equity-free funding by the EU Impact Growth program (selected among more than 1,900 startups) and €208k equity-free funding by NeoTec to most innovative Spanish startups.Currently, we are ready to SCALE-UP internationally by improving our social ratings and algorithms, and scale our SaaS tool to other topinvestment managers globally. The SME instrument phase 2 will support us to make a European company the World leader in this new growing market. Fields of science natural sciencescomputer and information sciencesdata sciencebig datasocial scienceseconomics and businesseconomicsmonetary and financesnatural sciencescomputer and information sciencesartificial intelligencemachine learning Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-2 Funding Scheme SME-2 - SME instrument phase 2 Coordinator IMPACT RATING SL Net EU contribution € 2 457 902,13 Address Calle melendez valdes 16 piso 7 puerta 5 28015 Madrid Spain See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Comunidad de Madrid Comunidad de Madrid Madrid Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 3 511 288,75