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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.

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

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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