Project description
AI for improved skin healthcare e-commerce
The digital global market of skin healthcare products and cosmetics is on the rise and demand for customised products is increasing. As a consequence, reliable and real-time information concerning skin matters is becoming vital for pharmaceutical companies. The combination of artificial intelligence (AI) and medical specialised algorithms could offer a solution for personalised healthcare strategies. The EU-funded FACE project proposes an AI face-checker software adaptable to any device that deals with many aspects of skin healthcare. The solution offers the pharmaceutical manufacturer adequate information about skin matters, stores it in the cloud, and provides constant and reliable market monitoring. In addition, it increases consumer confidence in buying healthcare products through e-commerce platforms and pharmacies.
Objective
FACE is the first personal real-time facial analyser capable to generate personalised therapeutic strategies and wellbeing recommendations based on the combination of artificial intelligence (AI) and medical expert algorithms. FACE software is a disruptive AI facial checker adapted to be used through any device (smartphone, tablet, computer) that solves different challenges.1) Improvement of user´s experience and confidence in purchasing healthcare and wellbeing products through the different selling channels, including online e-commerce platforms, and onsite specialized physical stores . 2) Generation of objective real time information about all the skin issues needed by pharmaceutical companies to develop customized skincare products to cover all the user needs for any circumstance. 3) Development of massive skincare trends analyses through the information stored in the cloud, in order to help skincare product companies in having an objective and updated market vision to define their future strategies. Market size: The global healthcare market focused in the facial skincare is now estimated to be worth some $10tn (£7.7tn; €8.9tn). 15% of global healthcare spending will be tied in some form with Value/outcome-based care concepts focused in an increase of the market information and in the development of Artificial Intelligence (AI) for healthcare IT Application that will cross $1.7 billion by 2019. Users/Clients: End user will be all those citizens that will be interested in both wellbeing and purchasing cosmetics. Our Customers will be: 1) All those e-commerce platforms and pharmacies/parapharmacies interested in digital transformation dedicated to skincare products in their portfolio (B2B). 2) skincare pharmaceutical companies interested in market analysis and/or real-time information to develop tailored cosmetics (B2B). Business Model & Commercialisation: FACE software revenues will come from pay-per-use model and from skincare trends massive analysis reports.
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 artificial intelligence
- natural sciences computer and information sciences software
- social sciences economics and business business and management commerce e-commerce
- social sciences economics and business business and management business models
- medical and health sciences basic medicine pharmacology and pharmacy
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
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.
46005 VALENCIA
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.