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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.

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

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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