Project description
Novelty analytics technology for shopping malls
It is not always easy to track the behaviour of customers at large shopping centres. This results in significant economic risks for managers as regards data-based decisions. An analytics tool is needed to provide them with information about tenants and brands performance. The Spanish company CUBELIZER, which is behind the EU-funded project by the same name, has the solution: a novelty, based on advanced computer vision technology, reducing 50 % of costs in the system by anonymously tracking customers and transforming data into actionable analytics. Under the CUBELIZER project, the company will draft a business plan for a global market.
Objective
While in online shopping the capacity to track the behaviour of the client is well developed (i.e. Google Analytics eCommerce) in physical retail there is an absolute lack accurate information that allows mall managers and tenant businesses to take data-based decisions.
Over 75% of physical retailers, malls included, plan to invest on space performance analytics solutions in the coming years in a sector where the “retail analytics market size” is expected to grow from USD 3.14 Billion in 2016 to USD 8.64 Billion by 2022.
CUBELIZER offers an innovative solution relying on advanced business analytics, proprietary IoT sensing devices and computer vision technology, it analyses the visitor´s journey to provide actionable information to cost-effectively understand tenants/brands performance to maximise profits. Reducing 50% of current solutions costs.
We sell a product based on hardware (installation) + software (SaaS model) + Consultancy service on demand, currently with own efforts and looking to close distributors and integrators during the Phase 1. Current paid pilots with Carrefour and others validated that we are in the good path.
CUBELIZER is a Spanish company incorporated in April 2106 owned by 2 founders Celso (CEO) & Marcos (CTO), both fully committed with the Project. Why do we need the EU Commission funding?
We want to be the first company bringing this disruptive solution into the market so the first step to reach such ambitious goal, is to make a global business plan through the implementation of a feasibility study in this proposed Phase 1.
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: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences internet internet of things
- natural sciences computer and information sciences artificial intelligence computer vision
- social sciences economics and business business and management commerce e-commerce
- social sciences economics and business business and management business models
- social sciences economics and business economics production economics productivity
You need to log in or register to use this function
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.3. - PRIORITY 'Societal challenges
See all projects funded under this programme -
H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
See all projects funded under this programme
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.
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.
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
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
See all projects funded under this callCoordinator
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.
28006 MADRID
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.