SCAN and WORK SIGNED

Project "SCAN and WORK" data sheet

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 Partnership

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 Project objective

Automotive and aerospace companies manufacture time-consuming and expensive physical prototypes for testing. Alternatively, expensive design and simulation software can be used but is often out of alignment with real engineering needs. Our solution is the first cloud platform where users can make digital twins of manufacturing facilities coupled with 3D design and browser virtual product simulation. The added value to customers is cloud access to 3D scans with multiple key software packages, no full ownership costs, no need for own hardware with pay as you need pricing. Customers: all manufacturing/construction value chain players involved in product design: OEMs (Original Equipment Manufacturers), their Tier 1 and 2 suppliers, down to all small companies and individual designers/workers. Strategy: offer services online, assessible worldwide with transparent pricing. The prototype is TRL 7 validated by e.g. OEMs Mercedes and Volkswagen with MAN and Hyundai in the Advisory Board. Business model: IT service implementation fee, clients pays either: one-off payment; monthly fees or a commission. In average, we charge 1,5€ per square meter. For each core-hour we charge 1€; 1 core-hour is 1 software package running for 1 hour in 1 computing core. We buy software licenses and computing cloud to sell core-hours of computing, fractioning fixed costs into hourly computation units. We raised 500K€ early stage funding from investors Carl Geallad and KIC Innoenergy and 121.5K€ grant from the Portuguese Environmental Fund. Our team has manufacturing and automotive industries insiders; founders have more than 15 years of experience in automotive and aerospace engineering. Manufacturing and construction building design and simulation software global market was 6.26 B$ in 2017 and is estimated to reach 13.45 B$ by 2022. We expect accumulated sales of 46.3 M€ until 2023. The feasibility study goal is to create a global go to market plan and prepare worldwide expansion.