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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.

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

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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Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

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

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