Project description DEENESFRITPL Innovative AI-based application for interior design The construction industry has poor productivity, and the rising demand of the urban sector for more housing may increase this gap. Real estate companies must sell a consistent percentage of the apartments to start the construction process, which requires graphical previews of the furnished properties. However, current solutions for interior design rely on time-spending human factor intervention. The EU-funded wecHomeAI project proposes the first virtual interior designer to help interior design experts to address this limitation with automatically proposed customised plans. The innovation is an application software developed as a plugin, an upgrade for all common software tools, empowering interior design with AI capabilities, reducing time up to 97 % and keeping effort and costs to a minimum. Show the project objective Hide the project objective Objective Construction industry is one of the most booming industries in the world, estimated to reach 15.5 trillion€ in 2030. Although one of the most thriving industries in the world, constructions has a long history of poor productivity which cost the global economy 1.4 trillion € a year. This gap is at risk to get larger, as the urban sector demands more housing for a global urban population growing by ~200k occupants per day. In order to build new homes, real estate companies must sell a consistent percentage of the apartments included at the project stage to be able to start the construction process. Graphical previews of the furnished properties are required to enable informed decision making and speed up the construction process. However, existing solutions for interior design rely on the human factor intervention, a thorough activity demanding for excessive resources. At wec360o, we propose the first virtual interior designer, an innovation intended to help the experts in interior design (i.e. architects and interior designers) to overcome these limitations. We are a Swedish company founded in 2008, turned out to be a leading developer of enhanced 3D visualisation solutions for constructions projects. Our proposition is an application software developed as a plugin, an upgrade for all common software tools, empowering interior design with Artificial Intelligence capabilities. This will shift manual interior design towards automatically proposed customized plans, reducing time up to 97% thus keeping effort and costs to a minimum. wecHomeAI, our product, will impact thus the activity for real estate companies and architects all together. We embrace a Software as a Service approach and a Pay as you Go mechanism tailored to our customer’s needs. Through the completion of this project we expect to reach 36.7M€ cumulated revenues five years after its commercialization. Phase 2 will require 2.5M€ investment, which will generate a 8.7 Return of Investment by 2025. Fields of science natural sciencescomputer and information sciencesartificial intelligencehumanitieshistory and archaeologyhistorysocial scienceseconomics and businesseconomicsproduction economicsproductivitysocial sciencespsychologyergonomicsnatural sciencescomputer and information sciencessoftwaresoftware applications 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-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator WE.C.360 AB Net EU contribution € 50 000,00 Address OLAIGATAN 17A 703 61 OREBRO Sweden 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 Östra Sverige Östra Mellansverige Örebro län 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 € 71 429,00
