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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.

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

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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