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wecHomeAI

wecHomeAI – The first AI-powered interior designer

Total Cost €

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EC-Contrib. €

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Partnership

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 wecHomeAI project word cloud

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

thorough    previews    company    200k    productivity    risk    constructions    intelligence    day    founded    generate    completion    solutions    2030    minimum    customized    swedish    informed    2008    urban    construction    housing    furnished    gap    revenues    proposition    human    3d    tools    start    world    occupants    sell    history    turned    empowering    upgrade    software    first    effort    stage    rely    designer    poor    intended    cumulated    shift    apartments    industries    36    consistent    plugin    customer    percentage    developer    visualisation    innovation    interior    excessive    return    designers    97    experts    economy    7m    population    global    15    graphical    trillion    2025    5m    plans    embrace    estate    limitations    industry    homes    booming    artificial    investment    speed    reducing    enhanced    demanding    decision    automatically    thriving    architects    overcome    companies    intervention    larger    service    demands    wechomeai    virtual    manual    commercialization    mechanism    time    wec360o    keeping    pay   

Project "wecHomeAI" data sheet

The following table provides information about the project.

Coordinator
WE.C.360 AB 

Organization address
address: OLAIGATAN 17A
city: OREBRO
postcode: 703 61
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 Sweden [SE]
 Project website https://www.wec360.com/en/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (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-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-12-01   to  2019-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    WE.C.360 AB SE (OREBRO) coordinator 50˙000.00

Map

 Project objective

Construction industry is one of the most booming industries in the world, estimated to reach 15.5 trillion€ in 2030. Although one of the most thriving industries in the world, constructions has a long history of poor productivity which cost the global economy 1.4 trillion € a year. This gap is at risk to get larger, as the urban sector demands more housing for a global urban population growing by ~200k occupants per day. In order to build new homes, real estate companies must sell a consistent percentage of the apartments included at the project stage to be able to start the construction process. Graphical previews of the furnished properties are required to enable informed decision making and speed up the construction process. However, existing solutions for interior design rely on the human factor intervention, a thorough activity demanding for excessive resources. At wec360o, we propose the first virtual interior designer, an innovation intended to help the experts in interior design (i.e. architects and interior designers) to overcome these limitations. We are a Swedish company founded in 2008, turned out to be a leading developer of enhanced 3D visualisation solutions for constructions projects. Our proposition is an application software developed as a plugin, an upgrade for all common software tools, empowering interior design with Artificial Intelligence capabilities. This will shift manual interior design towards automatically proposed customized plans, reducing time up to 97% thus keeping effort and costs to a minimum. wecHomeAI, our product, will impact thus the activity for real estate companies and architects all together. We embrace a Software as a Service approach and a Pay as you Go mechanism tailored to our customer’s needs. Through the completion of this project we expect to reach 36.7M€ cumulated revenues five years after its commercialization. Phase 2 will require 2.5M€ investment, which will generate a 8.7 Return of Investment by 2025.

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

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