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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.

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

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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