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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.

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

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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