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GroupEstate SIGNED

GroupEstate Feasibility Study

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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 GroupEstate project word cloud

Explore the words cloud of the GroupEstate project. It provides you a very rough idea of what is the project "GroupEstate" about.

scalable    estate    innovative    prototype    least    explore    visionary    gain    entry    plan    solution    business    reviewing    start    alongside    revenue    software    securing    affordable    milestones    revenues    market    expansion    acquisition    period    segments    understand    checking    nomination    shared    feasibility    social    reached    overcome    assumptions    finance    review    disruptive    environments    carries    readily    localization    expand    affording    online    participating    ownership    prepared    structure    portion    obstacles    hub    groupestate    prototypes    home    markets    purchasing    internet    risks    incubation    banking    regulatory    criteria    ict    international    six    disrupt    implementing    sustainable    refine    property    generate    concurrently    benefits    progress    split    prize    platform    beta    size    thereby    fit    financial    dividing    innovation    channels    customer    industry    profitable    launch    individuals    undertaking    barriers   

Project "GroupEstate" data sheet

The following table provides information about the project.

Coordinator
GROUPESTATE UG (HAFTUNGSBESCHRANKT) 

Organization address
address: STRAUSBERGER PLATZ 1
city: BERLIN
postcode: 10243
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Germany [DE]
 Project website http://blog.groupestate.com/en/groupestate-eu-funding/. Following the conclusion of the feasibility period
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-02-01   to  2015-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    GROUPESTATE UG (HAFTUNGSBESCHRANKT) DE (BERLIN) coordinator 50˙000.00

Map

 Project objective

GroupEstate is an innovative ICT business that seeks to solve a major social problem - access to affordable home ownership. It addresses this problem by providing an online platform that allows individuals to start and manage a shared property project, in which the ownership structure of a property is split between several individuals. By dividing the cost of purchasing real estate, participating individuals can more readily gain access to the property market, thereby affording them at least a portion of the benefits of home ownership. To enable this disruptive approach to property and finance markets, GroupEstate will develop prototypes of its internet-based software product for European markets. Important milestones - such as the acquisition of beta test users, securing of banking and real estate industry partners, incubation period in a technology hub, and nomination for a major European innovation prize - have been reached. GroupEstate will now launch a six-month feasibility study to analyse its progress, refine and expand its technology, identify key customer segments, assess and improve existing financial assumptions and market size analysis, and explore current and potential revenue channels. The feasibility study will include a review of international expansion opportunities by studying European markets according to a set of criteria, identifying potential partners, reviewing regulatory and legal environments, checking prototype product fit and localization requirements, and undertaking a cost analysis. The feasibility study will be prepared concurrently alongside a detailed business plan. GroupEstate's innovative and scalable technology product will disrupt existing markets, solve a social challenge, and generate sustainable and profitable revenues. But it also carries high risks and barriers to entry. A detailed feasibility study and business plan is needed to understand and overcome the obstacles to implementing its visionary solution.

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The information about "GROUPESTATE" are provided by the European Opendata Portal: CORDIS opendata.

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