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wecHomeAI

wecHomeAI – The first AI-powered interior designer

Total Cost €

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EC-Contrib. €

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Partnership

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 wecHomeAI project word cloud

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

3d    company    demands    interior    effort    experts    generate    industries    commercialization    speed    designers    return    history    previews    tools    shift    sell    excessive    swedish    industry    wec360o    upgrade    population    mechanism    overcome    2008    97    turned    constructions    visualisation    day    start    keeping    manual    empowering    5m    revenues    occupants    gap    booming    thorough    companies    2030    service    36    solutions    global    investment    thriving    software    proposition    intended    reducing    productivity    200k    urban    furnished    automatically    decision    plans    completion    pay    trillion    plugin    time    intelligence    2025    rely    customized    embrace    risk    economy    graphical    7m    innovation    first    minimum    founded    15    percentage    housing    larger    stage    estate    designer    architects    developer    virtual    customer    artificial    world    homes    human    intervention    wechomeai    apartments    consistent    cumulated    limitations    construction    poor    informed    enhanced    demanding   

Project "wecHomeAI" data sheet

The following table provides information about the project.

Coordinator
WE.C.360 AB 

Organization address
address: OLAIGATAN 17A
city: OREBRO
postcode: 703 61
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 Sweden [SE]
 Project website https://www.wec360.com/en/
 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 2018
 Duration (year-month-day) from 2018-12-01   to  2019-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    WE.C.360 AB SE (OREBRO) coordinator 50˙000.00

Map

 Project objective

Construction industry is one of the most booming industries in the world, estimated to reach 15.5 trillion€ in 2030. Although one of the most thriving industries in the world, constructions has a long history of poor productivity which cost the global economy 1.4 trillion € a year. This gap is at risk to get larger, as the urban sector demands more housing for a global urban population growing by ~200k occupants per day. In order to build new homes, real estate companies must sell a consistent percentage of the apartments included at the project stage to be able to start the construction process. Graphical previews of the furnished properties are required to enable informed decision making and speed up the construction process. However, existing solutions for interior design rely on the human factor intervention, a thorough activity demanding for excessive resources. At wec360o, we propose the first virtual interior designer, an innovation intended to help the experts in interior design (i.e. architects and interior designers) to overcome these limitations. We are a Swedish company founded in 2008, turned out to be a leading developer of enhanced 3D visualisation solutions for constructions projects. Our proposition is an application software developed as a plugin, an upgrade for all common software tools, empowering interior design with Artificial Intelligence capabilities. This will shift manual interior design towards automatically proposed customized plans, reducing time up to 97% thus keeping effort and costs to a minimum. wecHomeAI, our product, will impact thus the activity for real estate companies and architects all together. We embrace a Software as a Service approach and a Pay as you Go mechanism tailored to our customer’s needs. Through the completion of this project we expect to reach 36.7M€ cumulated revenues five years after its commercialization. Phase 2 will require 2.5M€ investment, which will generate a 8.7 Return of Investment by 2025.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "WECHOMEAI" project.

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Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

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

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