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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.

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

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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