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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.

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

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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