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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.

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

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.

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

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