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WOW SIGNED

Digitalization of outdoor advertising

Total Cost €

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EC-Contrib. €

0

Partnership

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 WOW project word cloud

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

expecting    demonstrated    bidding    version    billion    audience    efficiency    first    strategy    budgets    budget    advertising    physical    prepare    summer    investment    businesses    location    annually    refine    validated    precise    exactly    profits    displays    stickers    local    innovation    generate    providers    disadvantage    1000    150    time    organize    setup    channels    develops    commitment    business    few    run    advertiser    messages    smes    car    maximise    quotes    printed    campaigns    outdoor    commercialization    limited    thanks    competitiveness    scalable    limits    solutions    mass    2016    preferences    uses    channel    barriers    display    groups    digital    locations    communities    shown    small    received    model    platform    gt    proprietary    content    running    creates    modules    ambition    full    software    algorithms    niche    cars    options    changing    50    attached    excess    intenova    flexibility    revenues    sales    pilot   

Project "WOW" data sheet

The following table provides information about the project.

Coordinator
UAB INTENOVA 

Organization address
address: LAISVES AV. 60 - 1107
city: VILNIUS
postcode: n.a.
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 Lithuania [LT]
 Project website http://www.wowtto.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.6. (SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2017
 Duration (year-month-day) from 2017-02-01   to  2017-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UAB INTENOVA LT (VILNIUS) coordinator 50˙000.00

Map

 Project objective

SMEs and non-profits are currently at a disadvantage due to high barriers to using outdoor advertising, which in principle could be one of the most effective advertising channel for small businesses: (1) running outdoor advertising campaigns currently requires significant investment (>€1000) and commitment and (2) outdoor advertising has limited targeting options and therefore low efficiency for local businesses having few physical locations and niche target groups.

Intenova addresses this challenge in a scalable way and uses strategy which aims to maximise the impact on the competitiveness of SMEs and non-profits. Intenova develops an outdoor advertising platform based on digital displays attached to cars. The content of the display is changing in real-time based on targeting preferences (car's location, time, audience, and budget limits) set by the advertiser through a bidding platform. The platform creates flexibility and opportunities for business model innovation for SMEs and non-profits who are now able to (1) deliver messages to exactly those communities that are relevant for their business and (2) organize outdoor advertising campaigns even with very limited budgets thanks to more precise targeting and low setup costs. Field testing has shown that compared to other outdoor advertising channels, SMEs were able to increase the number of received quotes by up to 150% and sales by up to 50% for the same budget.

Intenova has validated the business concept, run pilot projects using printed stickers, and is expecting revenues of €150 000 in 2016. The proprietary digital display technology was demonstrated in summer 2016 together with the first version of the software platform. For full-scale commercialization, Intenova needs to prepare for mass-production of the display, refine software modules and algorithms.

Intenova’s ambition to become one of the leading providers of digital outdoor solutions has potential to generate in excess of €1 billion annually.

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

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