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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.

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

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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