Project description DEENESFRITPL Building a VR system for the construction sector Miscommunication between stakeholders, long decision-making processes, misinterpretations of construction elements and insufficient collapse detection. These are several reasons construction projects are subject to budget overruns and time delays, resulting in hundreds of billions of euros’ worth of losses. The EU-funded HEGIAS project aims to reverse this inefficient trend. It will develop the world’s first browser-based and automated Virtual Reality Content Management System called HEGIAS VR. This new system has already been successfully tested in 10 real-life projects. The outcomes showed significant improvement of workflow optimisation and decision-making processes, as well as a 45 % cost reduction. Show the project objective Hide the project objective Objective 90% of all construction projects are subjected to budget overruns and time delays causing hundreds of billions of euros in annual losses, in fact, €472 billion was spent on construction errors in 2018. These continuous failures occur as direct result of workflow errors during constructions projects (miscommunication between stakeholders, long decision-making processes, misinterpretations of construction elements and insufficient colapse detection). Thus, AEC companies are seeking for a cost-effective, automated, collaborative and easy-to-use productivity-enhancing technology to optimize the projects lifecycle. This demand is boosting the growth of the High-end Virtual-Reality VR data visualisation (€131,1 billion as expected market value by 2021).We, at HEGIAS AG, are developing the world’s first browser-based and automated Virtual Reality Content Management System, HEGIAS VR, that will not only democratize Virtual Reality for the first time, but will also enhance available digital 3D-models (CAD, BIM) making them fully exploitable and collaborative with the aim to streamline the workflow of construction projects.We target private construction companies. We have successful implemented current HEGIAS VR version in 10 real-life projects with ground-breaking results establishing customer-relationships with leading Swiss companies. Outcomes from our real-life projects showed workflow optimization and decision-making process improvement by 90%, and cost reduction by 45%. HEGIAS VR not only creates added-value to our customers, but also to the citizens and the urban environment – real-time meetings at remote locations avoid extensive business travels, thus contributing to reduction of the carbon footprint.Through the completion of our project we expect to generate revenues of approx. €23,5 million by 2026 (40x times the turnover generated in 2018), with a promising ROI of 10, and 30 new employees across Europe. Fields of science natural sciencescomputer and information sciencessoftwaresoftware applicationsvirtual reality 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 HEGIAS AG Net EU contribution € 50 000,00 Address Limmatstrasse 264 8005 Zurich Switzerland 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 Schweiz/Suisse/Svizzera Zürich Zürich 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 Other funding € 21 429,00
