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EUROPES FIRST SCALABLE MOBILE MAPPING SOLUTION WHICH EMPOWERS ALL BUSINESSES AND INSTITUTIONS TO ACCESS ESSENTIAL GEO-SPATIAL DATA

Project description

The future of mobile mapping is here

Dark, redundant, obsolete and trivial data are a burden to businesses all around the world. The majority of them are images or videos, which are very difficult to analyse. Solutions to this problem are costly, which makes it a challenge to keep data relevant. The EU-funded LEAN MOBILE MAPPING project proposes a sustainable, low-cost, high-quality automated solution developed by technology startup Geckomatics, comprising an AI-powered object recognition lean mobile mapping system. Using non-intrusive mapping hardware, which is mounted on top of a moving platform such as a vehicle, boat or train, it performs location-based asset management. With this system, the project aims to penetrate the mobile mapping market in the EU, placing Europe in a leading position.

Objective

Over €2.4tn in revenues are lost annually due to poor data quality with 85% of all business data either being obsolete or of unknown value. 80% of all data owned by businesses and institutions is in the form of images or videos which are notoriously more difficult to analyze than simple text. All data needs to be updated within 1-24 months to remain useful but due to the high processing costs, businesses are unable to keep their data relevant. Current solutions to this problem are either offering (1) costly cameras and require the customer to process data manually or (2) a full-service which does all processing and data collection at a high service cost. We have realized that the key to providing a sustainable, low-cost and high-quality solution requires automation of the labour-intensive processing work. With LEAN MOBILE MAPPING, we provide Artificial Intelligence powered object recognition in combination with a small and high-performance camera system that can be placed on any vehicle, boat, train or other moving platform to perform location-based asset management. We developed our software and hardware prototype in over 3 years of close work with customers and by the end of 2017, we have completed 6 extensive pilot studies and received multiple LOI. LEAN MOBILE MAPPING will penetrate the €18.8bn mobile mapping market in the EU with €6.6m in accumulated profits in the first 3 years, an ROI of 6.35 and the creation of 8 jobs. We will not only bring Europe to the forefront of the fast growing mobile making market but can also reduce gasoline consumptions in agriculture by 3.5bn litres per year (saving €16.9bn and reducing emissions), enable cities to have barrier free access for the disabled, facilitate renewable energy installations, reduce European outsourcing to low economic areas and address social challenges through our extensive work in undeveloped countries such as Kenya.

Fields of science (EuroSciVoc)

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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-EIC-SMEInst-2018-2020

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Coordinator

GECKOMATICS
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
VERBRANDE ENTREPOTSTRAAT 13B5
2000 ANTWERP
Belgium

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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
Region
Vlaams Gewest Prov. Antwerpen Arr. Antwerpen
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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