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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.

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

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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