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MINT.extract

Truly refreshing document digitalisation Unlock the full potential of your documents using machine learning

Total Cost €

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EC-Contrib. €

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Partnership

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 MINT.extract project word cloud

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

orders    reaching    create    superior    repetitive    accessible    form    x54    costly    solutions    ai    time    business    query    80    big    extraction    90    consuming    delivers    turicode    accumulated    valuable    error    7m    invested    revenues    extract    reduce    human    efficient    unstructured    purpose    read    database    hire    fundamental    tables    disruptive    everyone    incredibly    roi    data    innovative    artificial    policies    analytics    gdp    lots    learning    structured    digitization    digital    readable    manual    5trillions    integrating    quality    purchase    retrieval    transform    businesses    add    thanks    generate    language    digitalization    employed    diverse    routine    13    2025    around    document    intelligence    automating    25m    types    transformation    mint    estimate    images    employees    requisite    2018    automated    prone    company    engine    profit    completion    18    goes    driving    alternative    documents    xml    insurance    additional    representations    template   

Project "MINT.extract" data sheet

The following table provides information about the project.

Coordinator
TURICODE AG 

Organization address
address: TECHNOPARKSTRASSE 2
city: WINTERTHUR
postcode: 8406
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 Switzerland [CH]
 Project website https://turicode.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 2019-02-01   to  2019-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TURICODE AG CH (WINTERTHUR) coordinator 50˙000.00

Map

 Project objective

Around 80% of relevant business data is unstructured. To make valuable information from documents available for further analysis, lots of resources are invested in repetitive, time-consuming, error-prone and costly manual work. Efficient alternative solutions could reduce by 90% the time and costs employed in such tasks by any business. Digitization, i.e. transformation of human-readable documents into a digital form, is among the most common factors driving digitalization and a fundamental pre-requisite for automated text and data analytics. Digitization in EU could add €2.5trillions to GDP in 2025 MINT.extract is a disruptive information retrieval engine that delivers incredibly advanced document analysis capabilities, thanks to our innovative own-developed purpose-built document query language and AI based learning system. Using methods of artificial intelligence to transform unstructured documents into structured representations (database, XML…) and to read document elements (text, images, tables) as a human would do, our technology goes beyond current template-based solutions by automating many routine business processes and enables big data by integrating data from documents. We aim to create a generic learning system that can be applied to a diverse set of document types (e.g. insurance policies, purchase orders...) and delivers fully automated results in a quality that is superior to current manual data extraction. With MINT.extract we will help businesses to transform their documents to value: making valuable information accessible for everyone. For our company, Turicode. We estimate that 5 years after Phase 2 completion, MINT.extract will bring us additional revenues of €18,7M (x54 revenues of 2018), allowing us to hire 50 new employees and generate €8,25M accumulated profit, reaching a ROI of 3,13.

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

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