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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.

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

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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