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BRAIN SIGNED

Building a Robotics and Artificial Intelligence Network

Total Cost €

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EC-Contrib. €

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Partnership

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 BRAIN project word cloud

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

million    contextual    thereby    beneficial    125    accelerate    networks    2021    employment    market    channels    scalable    intelligence    winning    performance    companies    12    perspective    strategic    active    patented    2019    outperforms    2023    turn    revenue    solutions    business    demands    robotics    young    award    company    playing    kobi    robotic    expertise    environmental    direct    whereby    chosen    industries    regarded    rapid    contracts    platform    layer    fine    competitive    tune    maintaining    hyper    wave    closed    plan    demand    99    oems    forecasts    fact    robotization    surge    demanding    scalability    feasibility    easily    signed    oem    competitors    internationally    brain    skilled    artificial    fit    mutually    economic    strategy    intensive    sales    price    sme    belgium    machines    solves    commercial    leuven    longer    reinforced    labour    themselves    whilst    manufacturers    ftes    capitalize    alternative    establishing    confirmed    finalise    autonomous    respect    driving    grow    tackle   

Project "BRAIN" data sheet

The following table provides information about the project.

Coordinator
THE KOBI COMPANY 

Organization address
address: AMBACHTENLAAN 7C
city: LEUVEN
postcode: 3001
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 Belgium [BE]
 Total cost 2˙448˙851 €
 EC max contribution 1˙714˙195 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-04-01   to  2021-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    THE KOBI COMPANY BE (LEUVEN) coordinator 1˙714˙195.00

Map

 Project objective

The Kobi Company (“Kobi”) is a young, award winning robotics company based in Leuven, Belgium. The problem which Kobi solves and which is driving this demand, is the fact that in many labour-intensive industries, the number one problem for companies is finding skilled personnel whilst maintaining a competitive price. Manufacturers (OEMs) active in these industries know the market is demanding robotic solutions, but many do not have the expertise to tackle this robotization wave by themselves. That is why OEMs turn to Kobi and its patented and highly scalable robotics platform (the “Brain”) that can easily be integrated into existing OEM equipment and turn them into autonomous machines. The Brain far outperforms any existing alternative on the market today from a price/performance perspective. Furthermore, the robotics platform is reinforced with an Artificial Intelligence layer to improve contextual and environmental awareness. The product-market fit and economic feasibility has been confirmed by signed contracts Kobi has closed with several large OEMs. Kobi has chosen for a business approach whereby existing OEMs are no longer regarded as direct competitors but as strategic partners. Establishing mutually beneficial strategic partnerships with OEMs will allow Kobi to capitalize on their strong (distribution) networks and sales channels, thereby achieving hyper-scalability. This SME project aims to fine-tune the Brain, finalise the go-to-market strategy, level the playing field with respect to the large OEMs, and the exploitation plan for immediate implementation to accelerate commercial scale-up so that the company can rapidly grow internationally. Revenue forecasts are expected to increase from ~€ 1 million in 2019 to ~ € 12 million by 2021 and €99 million by 2023. To support the surge in sales, Kobi demands a rapid employment increase, from 7 FTEs to 125 FTEs by 2023.

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

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