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ImpactVision

A new standard for food safety and quality

Total Cost €

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EC-Contrib. €

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Partnership

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 ImpactVision project word cloud

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

companies    prevent    retailers    emissions    union    considering    installed    images    segments    wasted    rolling    time    environmental    team    feasibility    data    margins    500    avocados    helping    foods    distributors    objects    international    pursuing    facilities    plan    accelerate    learning    invasively    parts    hyperspectral    belt    boosting    processors    sme    industry    solution    supply    global    penetration    chains    deeper    insights    sensor    chain    machine    road    captures    eyes    quality    illustrate    greenhouse    spectrum    reduce    employees    digitizing    grade    efficiency    develops    imaging    109m    beneficial    cars    software    fish    sustainably    foreign    yields    waste    combines    razor    speeds    thin    instrument    generate    prescient    million    analyzes    94    revenues    electromagnetic    food    profit    nbsp    innovative    risks    equivalent    provides    marketable    company    gas    consistent    scaling    ripeness    manufacturers    impactvision    off    phase    business    freshness    whilst    usa    market    extremely    conveyor    2024   

Project "ImpactVision" data sheet

The following table provides information about the project.

Coordinator
IMPACTVISION UK LTD 

Organization address
address: 44 NOTTINGHAM ROAD
city: MANSFIELD
postcode: NG18 1BL
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 United Kingdom [UK]
 Project website https://www.impactvi.com
 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 2019
 Duration (year-month-day) from 2019-01-01   to  2019-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    IMPACTVISION UK LTD UK (MANSFIELD) coordinator 50˙000.00

Map

 Project objective

ImpactVision is a machine learning company, applying advanced imaging technology to food supply chains in order to improve food quality, generate consistent products and reduce waste. Our software provides insights about the quality of foods and is aimed at food processors, manufacturers, distributors and retailers. For example, our system is able to determine the freshness of fish, the ripeness of avocados or the presence of foreign objects rapidly, non-invasively and at production grade speeds.

Hyperspectral imaging technology captures information our eyes cannot, in other parts of the electromagnetic spectrum. Our goal is to provide objective, real-time food quality data to the 30,000 food processing facilities across the USA and improve efficiency of the global food supply chain. Currently, a third of all food produced is wasted. To illustrate the environmental impact at scale, managing food waste sustainably could reduce greenhouse gas emissions by over 500 million tonnes - the equivalent of taking all the cars off the road in the European Union. By digitizing food quality control, we improve yields and prevent waste, whilst increasing food companies’ revenues, which is particularly prescient considering the industry has razor thin profit margins.

ImpactVision combines a hyperspectral sensor installed above a conveyor belt with software that analyzes images and provides real time insights about quality.

By pursuing the present feasibility study, the management team aims to improve its understanding of international market conditions and the associated risks that need to be considered as the company develops a deeper business plan for rolling out, and scaling up ImpactVision as a marketable innovative solution. SME Instrument Phase-1 and Phase-2 will be extremely beneficial in helping the company to accelerate development and market penetration of the solution in target segments, boosting the company’s growth to 94 employees and $109M revenues by 2024.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "IMPACTVISION" project.

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

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