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 €
0EC-Contrib. €
0Partnership
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0SwiftC 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.
Project "SwiftC" data sheet
The following table provides information about the project.
| Coordinator |
SWIFTCOMPLY TOPCO LTD
Organization address contact info |
| 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.
| # | ||||
|---|---|---|---|---|
| 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.