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Bridging the digitizing financial world to the changing attitudes and preferences of investors

Project description

Creating an ecosystem for investors

Inequality in wealth distribution is increasing today and posing challenges affecting the quality of life for many people. The main reason is the lack of proper availability in investment opportunities. It is difficult today to find impact investment products investors understand and are interested. What’s more, financial institutions struggle to find investors and promote their products. The EU-funded COH-LAB project aims to overcome that gap by connecting the world of digital finances and dynamic preferences of investors with the virtual multilingual Coherra Laboratory platform to enable global, curated impact investments, levering of the latest trends in ecosystem economy, content co-creation based on video and AI-based Business Intelligence in a framework for the impact investments.

Objective

Today’s investors aren’t getting the investing opportunities they need from financial institutions. There are plenty investing tools they can use, but they are expensive, fragmented and difficult to use. It is very difficult for investors to find investment products they understand and are interested in, while financial institutions struggle to find new investors and promote their products to broader audience.

Lack investing opportunities is one of the main causes of wealth inequality, which is one of the greatest challenges facing our world and EU. Addressing the wealth gap is a priority for governments and multilateral organisations. Social research proves that this disparity creates economic challenges such as the ‘retirement crisis’ and leads to many social ills including low life expectancy, abuse, crime and poor educational outcomes.

Coherra is a direct response to this problem. We have built an ecosystem leveraging latest trends in ecosystem economy and video content/software co-creation methods to bridge the gap between investors, asset managers and investing opportunities through a multilingual platform that brings global, curated experiences and AI based interactions to the asset management industry.

The objective of the proposed COH-LAB project is to adapt cutting-edge AI technology to create a progressive development framework for the Coherra ecosystem. This will be achieved via Coherra Laboratory (COH-LAB), a virtual laboratory for content co-creation. COH-LAB will provide a virtual experimental and development environment where knowledge is shared, and innovation is created, as we jointly thrive to service investors and partners in the Coherra ecosystem.

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

COHERRA FINTECH APS
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
LANGELINIE ALLE 47
2100 KOBENHAVN
Denmark

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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
Danmark Hovedstaden Byen København
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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