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GroupEstate SIGNED

GroupEstate Feasibility Study

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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 GroupEstate project word cloud

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

start    expansion    innovation    localization    disruptive    launch    overcome    structure    beta    benefits    six    platform    incubation    channels    software    profitable    solution    sustainable    hub    individuals    concurrently    gain    property    online    least    securing    financial    implementing    shared    prize    undertaking    plan    size    social    environments    understand    acquisition    thereby    innovative    industry    criteria    ownership    risks    review    expand    fit    portion    internet    carries    assumptions    affordable    ict    barriers    milestones    customer    affording    visionary    market    prototype    finance    participating    nomination    revenues    international    dividing    markets    prototypes    period    obstacles    prepared    refine    revenue    checking    progress    banking    groupestate    regulatory    scalable    home    purchasing    segments    reviewing    estate    feasibility    entry    generate    business    alongside    explore    readily    split    reached    disrupt   

Project "GroupEstate" data sheet

The following table provides information about the project.

Coordinator
GROUPESTATE UG (HAFTUNGSBESCHRANKT) 

Organization address
address: STRAUSBERGER PLATZ 1
city: BERLIN
postcode: 10243
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 Germany [DE]
 Project website http://blog.groupestate.com/en/groupestate-eu-funding/. Following the conclusion of the feasibility period
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-02-01   to  2015-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    GROUPESTATE UG (HAFTUNGSBESCHRANKT) DE (BERLIN) coordinator 50˙000.00

Map

 Project objective

GroupEstate is an innovative ICT business that seeks to solve a major social problem - access to affordable home ownership. It addresses this problem by providing an online platform that allows individuals to start and manage a shared property project, in which the ownership structure of a property is split between several individuals. By dividing the cost of purchasing real estate, participating individuals can more readily gain access to the property market, thereby affording them at least a portion of the benefits of home ownership. To enable this disruptive approach to property and finance markets, GroupEstate will develop prototypes of its internet-based software product for European markets. Important milestones - such as the acquisition of beta test users, securing of banking and real estate industry partners, incubation period in a technology hub, and nomination for a major European innovation prize - have been reached. GroupEstate will now launch a six-month feasibility study to analyse its progress, refine and expand its technology, identify key customer segments, assess and improve existing financial assumptions and market size analysis, and explore current and potential revenue channels. The feasibility study will include a review of international expansion opportunities by studying European markets according to a set of criteria, identifying potential partners, reviewing regulatory and legal environments, checking prototype product fit and localization requirements, and undertaking a cost analysis. The feasibility study will be prepared concurrently alongside a detailed business plan. GroupEstate's innovative and scalable technology product will disrupt existing markets, solve a social challenge, and generate sustainable and profitable revenues. But it also carries high risks and barriers to entry. A detailed feasibility study and business plan is needed to understand and overcome the obstacles to implementing its visionary solution.

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The information about "GROUPESTATE" are provided by the European Opendata Portal: CORDIS opendata.

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