Explore the words cloud of the TRUEPIVOT project. It provides you a very rough idea of what is the project "TRUEPIVOT" about.
The following table provides information about the project.
|Coordinator Country||Ireland [IE]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3.7. (Secure societies - Protecting freedom and security of Europe and its citizens)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
|Duration (year-month-day)||from 2016-02-01 to 2016-07-31|
Take a look of project's partnership.
TruePivot is an award winning Irish SME specialising in engineering analytics software. Our software uses statistical analysis and advanced engineering algorithms to identify errors in structural designs. Over 45% of all structural failures to infrastructure are caused by errors at the design stage. TruePivot is the only software on the market that can ensure that structural failures or collapse resulting from defective designs are completely eliminated for new critical infrastructure projects, and that historic design defects in existing infrastructure can be detected and amended before a catastrophic disruption occurs, for example ensuring a building has sufficient structural redundancy to resist a terrorist attack or natural disaster. With a potential global market of over €8 billion annually TruePivot is determined to commercialise its cutting edge technology.
The target users of TruePivot are engineering firms globally, who need to reduce design errors and improve the material efficiency of their designs. At the outcome of this project TruePivot will have a robust, market ready software that enables engineers to produce safer and more efficient designs, faster. The Feasibility Assessment to be undertaken in Phase 1 is as follows:
• Live-tests on technology • Market analysis to define the best routes to our initial target markets across Europe • Full commercial validation of the service and a complete business plan for Phase 2 implementation
In Phase 2 our goal is to scale-up the technology to allow for a global roll out by 2018 Target Markets: UK/Ireland followed by EU/US roll out with global roll out by 2018
TruePivot will have the following effects on the design of critical urban infrastructure – less design errors leading to less structural failures or collapses of urban infrastructure – Vastly lower carbon emissions due to more efficient use of steel and concrete – Increased productivity for engineering firms.
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The information about "TRUEPIVOT" are provided by the European Opendata Portal: CORDIS opendata.
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