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FITA2.0 SIGNED

A highly innovative size recommendation engine, disrupting the existing online apparel market by using big data and machine-learning algorithms.

Total Cost €

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EC-Contrib. €

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Partnership

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Project "FITA2.0" data sheet

The following table provides information about the project.

Coordinator
FIT ANALYTICS GMBH 

Organization address
address: SANDERSTRASSE 28
city: BERLIN
postcode: 12047
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 https://fita20.fitanalytics.com/
 Total cost 1˙206˙080 €
 EC max contribution 844˙256 € (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-2-2016-2017
 Funding Scheme SME-2
 Starting year 2016
 Duration (year-month-day) from 2016-05-01   to  2017-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    FIT ANALYTICS GMBH DE (BERLIN) coordinator 844˙256.00

Map

 Project objective

Fit Analytics GmbH is a Berlin-based ICT-SME, operating in the online fashion market. We are aiming to solve the two major problems of online fashion retail:

1. High return rates (~40-50%) because many end users don’t know their size. ~65% of all returns are made due to non-fit. High return rates have certain side effects, e.g. enormous CO2 emissions. 2. Low conversion rates to buy (less than 2% of all visitors convert into buyers; this is significantly lower compared to books or electronics sold online) because end users are uncertain which size to buy. Today, only 9% of all garments are sold online and 91% are still sold in brick-and-mortar stores, whereas more than 50% of all books and electronics are sold over the internet.

We have already deployed the world’s most widely-used Size Advisor (“FITA1.0”) in the market, an innovative ICT product to help end-users find the right size online by providing simple size recommendations. Within the framework of the SME Instrument, Phase II, we are aiming to implement a new, ground-breaking size and product recommendation solution (“FITA2.0”) which will further disrupt the fashion retail market by using exclusive cross-shop purchase and return data for highly accurate size and personalized product recommendations.

We have already developed a minimal viable product (MVP) of FITA2.0 that was successfully tested in an operational environment (TRL6) on Gaastra, a leading Dutch-German brand.We have undertaken a commercial and technical feasibility study, with positive results, and this will form the basis for a business implementation plan to be created during the project. In order to accelerate the market acceptance of the solution after implementation, we have already signed contracts with several clients that have agreed to implement FITA2.0 in the future.

The project is closely related to the objectives of the call due to its disruptive character and planned market uptake.

 Deliverables

List of deliverables.
Report of planned and completed communication activities Documents, reports 2019-05-30 17:11:05
Demonstration report Documents, reports 2019-05-30 17:11:02
Project website portal Websites, patent fillings, videos etc. 2019-05-30 15:34:06

Take a look to the deliverables list in detail:  detailed list of FITA2.0 deliverables.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "FITA2.0" project.

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The information about "FITA2.0" are provided by the European Opendata Portal: CORDIS opendata.

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