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MANTICA

Fully Scalable Platform for Neuroscience Consumer Research and Product Development, Based on User-Friendly EEG-Headset and Cloud-Based Data Storage/Analysis.

Total Cost €

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EC-Contrib. €

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Partnership

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 MANTICA project word cloud

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

software    sek    cloud    surveys    service    groups    launching    electroencephalograph    lack    benefits    data    accuracy    thimus    learning    storage    ready    signal    self    preferences    ttm    35    assets    right    industry    cognitive    smart    necessarily    emotional    metrics    accurate    lot    wireless    algorithms    beverage    70    first    neuroscience    network    inaccurate    decision    distributor    kit    visualisation    version    critical    amount    30    evaluation    infrastructure    takes    25    quick    standard    industrialisation    market    tool    perception    components    food    85    deployments    say    50    chances    ai    basic    impacts    customer    development    80    avoidance    reduce    library    business    iterations    actual    ip    eeg    mantica    research    fail    launch    predictive    cycle    time    reporting    statistical    proprietary    tests    seamless    think    segmentation    machine    mistakes    headset    requiring    people    worldwide    competition   

Project "MANTICA" data sheet

The following table provides information about the project.

Coordinator
THIMUS SRL 

Organization address
address: VIA MONTE NERO 23
city: BRESCIA
postcode: 25128
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 Italy [IT]
 Project website https://www.thimus.com/en/
 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 2019-08-01   to  2019-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    THIMUS SRL IT (BRESCIA) coordinator 50˙000.00

Map

 Project objective

85% of new products fail right after launch because of lack of reliable data on consumer preferences. It is especially critical in Food & Beverage industry because of the strong competition and complex customer segmentation. During product development cycle, testing phase takes the most time and cost, requiring a lot of iterations and using surveys (what people say is not necessarily what they think) and statistical data (inaccurate results). Main challenges are: - Reduce mistakes in product development (development costs) - Reduce testing time to reduce TTM (Time to Market) - Increase accuracy of results and the amount of available information for decision making on product development MANTICA is the first tool to apply neuroscience to testing phase in product and service development to provide emotional response, approach/avoidance and actual cognitive processes in real time, during the experience. It is composed of 3 components: - Seamless electroencephalograph (EEG) headset (wireless) - Operating software (Basic Signal Processing, Proprietary Metrics Library and AI/Machine Learning algorithms) - Cloud infrastructure for data storage and analysis, to produce smart reporting and data visualisation We have also developed a Self-Evaluation Kit (SEK): all components in a standard, ready-to-go version for quick deployments Benefits for users are: - 30% less cost than traditional (focus groups, A/B tests) - 50% less product development time - 25% chances of success upon launching a new product (80% less mistakes) - Predictive analysis on product success - Accurate information based on real perception of the product For Thimus, we expect these impacts: - Business industrialisation (Self Evaluation Kit production, SEK) - Develop worldwide distributor network - 35-70% increase in IP assets on neuroscience and market research

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

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