Opendata, web and dolomites

SMILE SIGNED

A smile in return

Total Cost €

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EC-Contrib. €

0

Partnership

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 SMILE project word cloud

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

19    settings    belgium    prototype    multiple    standard    price    tailers    lot    original    acceptance    environments    disposed    pricing    platform    11    scalability    returned    solution    perfect    13    retail    reduces    etail    helps    expectations    purchased    live    environment    uses    selling    infrastructure    emissions    innovative    grow    revenues    demonstrations    optimisation    lose    company    party    80    grading    world    pounds    additional    commerce    unmatched    31    status    sizes    share    ecommerce    tech    vendor    day    items    qualified    million    international    software    shown    purchases    metric    carbon    worth    billion    56    fast    goods    instead    tons    buybay    intelligence    suddenly    commercial    dispose    sectors    data    complete    revolutionises    waste    impacted       tested    companies    gaining    resale    netherlands    consumers    recovery    inventory    15    connect    2016    installation    reduce    businesses    re    sales    amounts    market    channels      

Project "SMILE" data sheet

The following table provides information about the project.

Coordinator
BUYBAY BV 

Organization address
address: TT. VASUMWEG 58
city: AMSTERDAM
postcode: 1033 SC
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 Netherlands [NL]
 Project website https://www.buybay.com/
 Total cost 2˙705˙375 €
 EC max contribution 1˙893˙726 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2018
 Duration (year-month-day) from 2018-06-01   to  2020-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    BUYBAY BV NL (AMSTERDAM) coordinator 1˙893˙726.00

Map

 Project objective

The European e-commerce market amounts to ~80 million purchases per day. About 15% of purchased products do not live up to consumers’ expectations and are returned to the vendor. Whether in perfect condition or not, their status as returned product makes items suddenly worth a lot less. What a waste! Not only to e-tailers, who typically lose 80% of the value of returned products, but also to the environment, which is impacted by 4 billion pounds of disposed products and 11 million metric tons of carbon emissions. The problem is expected to grow as ecommerce is gaining market share fast (13.3% growth in 2016). BuyBay helps to solve the problem. The tech-company is developing a data-driven solution that revolutionises the management, processing and resale of returned items. It uses highly innovative pricing software and is unique in its ability to connect inventory management and re-product grading to multiple third party sales channels. The prototype of the Buybay platform is complete and qualified and has recently been tested in in real world settings in the Netherlands and Belgium. Demonstrations have shown that Buybay’s prototype platform has potential for unmatched value recovery (~56% instead of 19.6% of the original retail price currently). Installation of BuyBay’s platform increases re-product revenues for e-tailers, reduces the need to dispose of returned goods and has the potential to reduce re-product selling related carbon emissions of up to 31%. To ensure complete commercial scalability and enable international acceptance by e-tailers of different sizes and in different sectors across Europe, Buybay’s platform requires additional infrastructure development, optimisation through businesses intelligence analysis and scale up testing in operational environments. With the support of leading international etail companies Buybay aims to develop the new standard for returned goods.

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

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