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Opendata, web and dolomites

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 €

EC-Contrib. €

Partnership

Views

Outcomes and
results

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.

commenced refining providers hospitality safety grease drives marketplace efficient creates demonstrating speed completion full government profit service unfair competitive raised burden 86 anti swiftcomply fat demand turnover evaluation gross annualised ireland 600 seed smart pieces revision dublin frequently envisages fire annual create worldwide 63m 5 margin delivering owing demonstrated time 3m cite food area customer solution transactions political performance public jobs gdp monitoring digitise compliance private advantage cycle proportionately building cities business 5m 4 reducing businesses year paper 2023 sme industry round innovative regulations highest environmental regulation conservatively scaling regulators pilots oil provides oversight successful maximise trade series policy meet market bodies fundraising attaches

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 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.	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.