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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.

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

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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