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SwiftC SIGNED

A technology marketplace for hospitality compliance services that integrates with public sector authorities and relieves the burden of regulation for businesses

Total Cost €

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EC-Contrib. €

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Partnership

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 SwiftC project word cloud

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

seed    paper    fat    turnover    pieces    completion    highest    oversight    envisages    trade    hospitality       customer    demonstrating    public    regulations    attaches    industry    refining    time    businesses    meet    maximise    frequently    performance    grease    jobs    evaluation       food    regulators    transactions    market    cities    government    revision    efficient    86    area    service    proportionately    series    business    round    full    providers    demand    5m    anti    bodies    annualised    solution    dublin    delivering    3m    63m    regulation    cite    advantage    digitise    safety    worldwide    policy    reducing    innovative    demonstrated    scaling    environmental    burden    compliance    2023    cycle    competitive    private    sme    gdp    monitoring    600    annual    raised    creates    building    fire    pilots    margin    drives    unfair    fundraising    successful    profit    commenced    create    owing    marketplace    speed    political    gross    smart    swiftcomply    oil    provides    ireland    conservatively    year   

Project "SwiftC" data sheet

The following table provides information about the project.

Coordinator
SWIFTCOMPLY TOPCO LTD 

Organization address
address: 31 FRANCIS STREET
city: DUBLIN 8
postcode: D08 YHW1
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 Ireland [IE]
 Project website https://www.swiftcomply.com/horizon-2020/
 Total cost 2˙212˙798 €
 EC max contribution 1˙548˙959 € (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-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-09-01   to  2019-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SWIFTCOMPLY TOPCO LTD IE (DUBLIN 8) coordinator 1˙548˙959.00

Map

 Project objective

The EU attaches the highest political priority to Better Regulation or ‘Smart Regulation’ which envisages a whole-of-government approach to the policy cycle extending from design to evaluation and revision. The annual cost of regulation to business is conservatively estimated to 3.5% of EU GDP. For the hospitality industry, the burden of regulation is proportionately greater owing to the high distribution of SME’s and increasing public safety and environmental control that drives a 4% increase in compliance costs year on year. Trade bodies frequently cite regulations as unfair and anti-competitive. SwiftComply has developed an innovative and exciting new approach to delivering and monitoring hospitality compliance. Our solution creates a marketplace between food service businesses and compliance service providers. SwiftComply provides oversight of all transactions to regulators, allowing a real-time understanding of compliance activity and enabling them to focus on areas of non-performance. This is an efficient, business friendly and cost effective approach to reducing the burden of regulation and has worldwide application for food safety, building control, fire and environmental regulations. SwiftComply has demonstrated the marketplace in the area of fat, oil and grease compliance in Dublin, Ireland and has commenced pilots in 3 US cities. This Project has the objective of scaling up, refining and demonstrating our solution to meet the strong customer demand identified during Phase 1 market analysis. SwiftComply has raised private sector seed funding of €1.3m and will use H2020 funding to maximise speed to market and competitive advantage in Europe. SwiftComply has worldwide application and the potential to reach an annualised turnover of €63m, deliver a 86% gross profit margin, create over 600 jobs and digitise 4.5m pieces of paper by 2023. Successful completion of this Project will lead directly to a Series A fundraising round and full market exploitation.

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

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