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HEGIAS SIGNED

The World’s First Browser-based and Automated High-end Virtual Reality Content Management System

Total Cost €

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EC-Contrib. €

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Partnership

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 HEGIAS project word cloud

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

ground    showed    23    life    overruns    continuous    stakeholders    data    2026    generate    customers    90    swiss    misinterpretations    establishing    meetings    times    boosting    citizens    demand    bim    first    fact    customer    billions    successful    seeking    workflow    causing    outcomes    approx    million    world    browser    version    3d    optimize    miscommunication    roi    2018    employees    companies    direct    environment    footprint    losses    automated    euros    locations    spent    lifecycle    insufficient    breaking    detection    market    democratize    time    models    2021    annual    construction    revenues    virtual    131    creates    collaborative    delays    exploitable    business    relationships    colapse    472    travels    subjected    errors    hegias    40x    carbon    completion    budget    visualisation    failures    improvement    private    vr    content    billion    turnover    remote    decision    cad    optimization    productivity    hundreds    added    aec    urban    streamline    digital    ag    45    constructions    extensive   

Project "HEGIAS" data sheet

The following table provides information about the project.

Coordinator		 HEGIAS AG 

Organization address
address: NEUGASSE 6
city: ZURICH
postcode: 8005
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]
 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 2020
 Duration (year-month-day) from 2020-01-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

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

Map

 Project objective

90% of all construction projects are subjected to budget overruns and time delays causing hundreds of billions of euros in annual losses, in fact, €472 billion was spent on construction errors in 2018. These continuous failures occur as direct result of workflow errors during constructions projects (miscommunication between stakeholders, long decision-making processes, misinterpretations of construction elements and insufficient colapse detection). Thus, AEC companies are seeking for a cost-effective, automated, collaborative and easy-to-use productivity-enhancing technology to optimize the projects lifecycle. This demand is boosting the growth of the High-end Virtual-Reality VR data visualisation (€131,1 billion as expected market value by 2021). We, at HEGIAS AG, are developing the world’s first browser-based and automated Virtual Reality Content Management System, HEGIAS VR, that will not only democratize Virtual Reality for the first time, but will also enhance available digital 3D-models (CAD, BIM) making them fully exploitable and collaborative with the aim to streamline the workflow of construction projects. We target private construction companies. We have successful implemented current HEGIAS VR version in 10 real-life projects with ground-breaking results establishing customer-relationships with leading Swiss companies. Outcomes from our real-life projects showed workflow optimization and decision-making process improvement by 90%, and cost reduction by 45%. HEGIAS VR not only creates added-value to our customers, but also to the citizens and the urban environment – real-time meetings at remote locations avoid extensive business travels, thus contributing to reduction of the carbon footprint. Through the completion of our project we expect to generate revenues of approx. €23,5 million by 2026 (40x times the turnover generated in 2018), with a promising ROI of 10, and 30 new employees across Europe.

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

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