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DD-SCAN SIGNED

DD-SCAN – AI-based language and multimedia bias checker for corporate communication content

Total Cost €

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EC-Contrib. €

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Partnership

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 DD-SCAN project word cloud

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

affordable    addressable    superior    industries    7bn    4bn    minorities    26    tool    workers    uk    ing    employees    communication    share    guarantee    unrealized    recruitment    women    version    turnover    gender    1m    foundation    revenues    significantly    inclusivity    scaling       2030    right    convenient    create    cagr    career    9m    globally    first    organization    thanks    diversity    model    serviceable    extra    media    automatically    ads    2024    social    denmark    3m    shortage    channels    2022    11    standard    potentially    trl9    belonging    inclusive    shown    proprietary    27    annually    profitable    germany    neutralizes    learning    negative    software    opportunity    online    huge    biases    applicants    headcount    tech    ethnic    175    feeling    world    perceive    reduce    lay    content    eliminating    market    rapid    fill    ebitda    dd    job    fit    algorithms    images    profitability    scan    companies    introducing    millions    fold    overcomes    gap    business    21    83    sweden    32    innovation    hiring    scalable    73    qualified    website    solution    6m    corporate    machine    subscription    slow    450bn    datasets    launch   

Project "DD-SCAN" data sheet

The following table provides information about the project.

Coordinator
DEVELOP DIVERSE APS 

Organization address
address: VESTERBROGADE 149
city: KOBENHAVN
postcode: 1620
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 Denmark [DK]
 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 2019
 Duration (year-month-day) from 2019-11-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    DEVELOP DIVERSE APS DK (KOBENHAVN) coordinator 50˙000.00

Map

 Project objective

By 2030, companies in tech-related industries will face a shortage of around 4.3M workers globally, resulting in slow growth and an estimated €450Bn in unrealized revenues. More women and minorities in tech could potentially fill this gap, but they often do not perceive a feeling of belonging from job ads and online corporate content. The problem is, organizations have no way to guarantee inclusivity across their communication channels. The negative impact is two-fold: 1) low profitability compared to organizations with high gender and ethnic diversity and; 2) €1M in extra hiring costs annually compared to other industries. DD-SCAN is the World’s first software tool that automatically neutralizes social biases across an organization’s online content – website text, images, social media and job ads. Thanks to our proprietary Machine Learning algorithms and datasets, DD-SCAN overcomes the known problems and has already been shown to increase 1) the number of qualified applicants significantly by 175% and 2) eliminating all extra hiring costs associated with tech employees. It will create a new standard for developing inclusive corporate content by providing an effective, convenient and affordable solution. Our current version is being used by 73 tech-related organizations in Denmark, Germany, Sweden, and UK. The objective of this Phase 1 project is to lay the foundation for scaling up our innovation to reach TRL9 and launch in Europe in 2022, build a profitable business, reduce the cost of recruitment and enable millions of applicants to find the right career fit. The business opportunity is huge. Our Serviceable Addressable Market is €21.7Bn and will reach €27.4Bn by 2024, at a CAGR of 6%. By introducing a far superior technology via a scalable subscription-based business model, we expect rapid uptake and a market share of 0.11%, a turnover of €32.6M, EBITDA of €26.9M and a headcount of 83 employees by 2024.

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The information about "DD-SCAN" are provided by the European Opendata Portal: CORDIS opendata.

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