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KACHING - THE FUTURE OF RETAIL IN THE PALM OF YOUR HANDS

Objective

The overall objective of the Kaching project is to optimize and commercialize a unique mobile-first retail platform that defines new standards in efficiency and productivity in retail customer management. Kaching mobile Point of Sales (mPOS) solution is especially suited for the retailers coming from the large enterprise segment of the market (e.g. IKEA, MediaMarkt). They create a big challenge for mPOS solutions providers, because they require complex integration with their existing vast product catalogues, accounting, CRM or ERP systems. Kaching takes up this challenge basing on our significant traction market and experience with one of the largest retail chain – Apple Premium Resellers – and is ready to seamlessly provide impressive and innovative solutions. In addition to a perfect match in the niche market, the Kaching solution is based on several pillars: it is complete, efficient and delightful to use (both for the retail end-customers and store employees), emphasizing mobility, enabling a better store experience and enabling extensive analytics and insights, using AI and data mining. The company’s revenue will come mainly from integration fees and then monthly fees for using the system as the service (SaaS model). Market launch of the product will empower Kaching to spearhead the market of mPOS solutions; it is therefore fully aligned with company’s business strategy. The European-added value of the project is that it strengthens leadership of Europe over the American and Asian mPOS markets. It is especially important because giants like Amazon, Walmart or Alibaba are closing in in the race of digital ecosystem creation where enterprises, competitors, customers, regulators and other stakeholders form an interdependent business network. This ecosystem must incorporate solutions that would meet the 21st century customer expectations. One of such solutions is Kaching mPOS.

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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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

KACHING AB
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
EPICENTER MASTER SAMUELSGATAN 36
111 57 STOCKHOLM
Sweden

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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
Östra Sverige Stockholm Stockholms län
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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