Opendata, web and dolomites

SMILE SIGNED

A smile in return

Total Cost €

0

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.

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

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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