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SwiftC SIGNED

A technology marketplace for hospitality compliance services that integrates with public sector authorities and relieves the burden of regulation for businesses

Total Cost €

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EC-Contrib. €

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Partnership

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 SwiftC project word cloud

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

fat    2023    5m    industry    safety    innovative    environmental    private    highest    series    600    fundraising    advantage    commenced    cities    grease    oversight    margin    proportionately    regulators    hospitality    jobs    annual    pilots    63m    dublin    efficient    anti    refining    envisages    provides    building    maximise    cite    gross    policy    transactions    cycle    speed    paper    businesses    successful    evaluation    political    food    meet    bodies    regulations    revision    customer    full    demonstrating    market       ireland    scaling    profit    create    conservatively    delivering    solution    time    fire    performance    area    sme    completion    attaches    annualised    monitoring    unfair    business       public    trade    round    competitive    owing    drives    swiftcomply    3m    gdp    smart    pieces    regulation    demonstrated    creates    service    oil    reducing    year    burden    digitise    providers    demand    marketplace    compliance    frequently    seed    86    worldwide    government    raised    turnover   

Project "SwiftC" data sheet

The following table provides information about the project.

Coordinator
SWIFTCOMPLY TOPCO LTD 

Organization address
address: 31 FRANCIS STREET
city: DUBLIN 8
postcode: D08 YHW1
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 Ireland [IE]
 Project website https://www.swiftcomply.com/horizon-2020/
 Total cost 2˙212˙798 €
 EC max contribution 1˙548˙959 € (70%)
 Programme 1. H2020-EU.3.6. (SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-09-01   to  2019-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SWIFTCOMPLY TOPCO LTD IE (DUBLIN 8) coordinator 1˙548˙959.00

Map

 Project objective

The EU attaches the highest political priority to Better Regulation or ‘Smart Regulation’ which envisages a whole-of-government approach to the policy cycle extending from design to evaluation and revision. The annual cost of regulation to business is conservatively estimated to 3.5% of EU GDP. For the hospitality industry, the burden of regulation is proportionately greater owing to the high distribution of SME’s and increasing public safety and environmental control that drives a 4% increase in compliance costs year on year. Trade bodies frequently cite regulations as unfair and anti-competitive. SwiftComply has developed an innovative and exciting new approach to delivering and monitoring hospitality compliance. Our solution creates a marketplace between food service businesses and compliance service providers. SwiftComply provides oversight of all transactions to regulators, allowing a real-time understanding of compliance activity and enabling them to focus on areas of non-performance. This is an efficient, business friendly and cost effective approach to reducing the burden of regulation and has worldwide application for food safety, building control, fire and environmental regulations. SwiftComply has demonstrated the marketplace in the area of fat, oil and grease compliance in Dublin, Ireland and has commenced pilots in 3 US cities. This Project has the objective of scaling up, refining and demonstrating our solution to meet the strong customer demand identified during Phase 1 market analysis. SwiftComply has raised private sector seed funding of €1.3m and will use H2020 funding to maximise speed to market and competitive advantage in Europe. SwiftComply has worldwide application and the potential to reach an annualised turnover of €63m, deliver a 86% gross profit margin, create over 600 jobs and digitise 4.5m pieces of paper by 2023. Successful completion of this Project will lead directly to a Series A fundraising round and full market exploitation.

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

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