CorTime, a Cloud-based intelligent optimization engine for 3D-CAD

Project Information

CORTIME

Grant agreement ID: 711695

DOI 10.3030/711695

Project closed

EC signature date 25 November 2015

Start date 1 December 2015

End date 31 May 2016

Funded under

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies

Total cost € 71 429,00

EU contribution € 50 000,00

Coordinated by

APIOSOFT APS
Denmark

Objective

The ever-increasing competition in the industrial sector calls for continuous optimization of means of production. More often competitive advantages are obtained in marginal improvements of performance rather than disruptive innovation.

Optimization of means of production is an extremely complicated process. Optimization calculations can take months to perform, and the software is extremely expensive therefore often out of reach for smaller companies.

The current innovation project, CorTime, is a cloud-based intelligent optimization engine for 3D-CAD. CorTime enables engineers to save 50-75% of their time spend on product optimization and at the same time save more than 30% of the typical software license costs compared to current solutions.

CorTime is brought to the market by Apiosoft, a Danish-based SME software house. CorTime is based on an in-house developed & patent pending optimization method. CorTime is expected to increase the turnover of Apiosoft by 15 million Euros and employ additional 50 people in 2020.

CorTime is an enabling technology for the uptake of advanced production technologies and manufacturing processes, where especially SMEs will gain major advantages that will fuel not only the number of innovations, but also time to market of new products. While CorTime is also relevant for larger companies, CorTime creates most values by removing barriers for and underpinning the agility of SMEs.

CorTime is developed as a plug-in for SolidWorks, a global 3D-CAD provider, with whom Apiosoft works with through the third-party collaboration programme of SolidWorks.

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.

• natural sciences › computer and information sciences › software
• engineering and technology › mechanical engineering › manufacturing engineering › product engineering
• social sciences › economics and business › business and management › commerce

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Programme(s)

• H2020-EU.2.1.2. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies Main Programme
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Topic(s)

• NMP-25-2015-1 - Accelerating the uptake of nanotechnologies, advanced materials or advanced manufacturing and processing technologies by SMEs

Call for proposal

H2020-SMEInst-2014-2015

See other projects for this call

Sub call

H2020-SMEINST-1-2015

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

APIOSOFT APS

• Net EU contribution: € 50 000,00
• Address: HEJREVEJ 30 ; 2400 KOBENHAVN ; Denmark
• 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
• Region: Danmark › Hovedstaden › Byen København
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 71 429,00