Opendata, web and dolomites

Neural Grader

Neural Grader - Digitizing the Wood Industry

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 Neural Grader project word cloud

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

accurately    sends    2022    finance    revenue    million    dominated    respectively    classifies    expensive    images    accessible    platform    digitization    solution    2020    clients    letters    board    computes    innovation    grow    intelligence    exceeds    waste    b2b    affordability    sa       digital    companies    cutting    environmental    lines    lies    wood    inventory    industrial    creation    detects    2019    12    accuracy    market    economic    lumber    optimal    specialized    grader    disrupting    defects    cameras    quality    capture    sawmills    artificial    advantages    machine    overly    sent    poses    grads    almost    competitive    overwhelmed    industry    annex    commands    enormous    base    america    boards    buying    fordaq    200    smes    full    expenses    automated    competitors    preventing    north    newest    price    employees    job    2021    errors    efficiency    global    survival    urgent    neural    29    speed    too    start   

Project "Neural Grader" data sheet

The following table provides information about the project.

Coordinator
FORDAQ 

Organization address
address: AVENUE LOUISE 523
city: BRUXELLES
postcode: 1050
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 Belgium [BE]
 Project website https://www.neuralgrader.com
 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 2019-02-01   to  2019-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    FORDAQ BE (BRUXELLES) coordinator 50˙000.00

Map

 Project objective

Fordaq SA has been leading the wood products B2B global market for almost 20 years. We provide our 200.000 user companies with a specialized digital platform for buying products. We have observed how low digitization of the wood industry poses problems for success & often survival for SMEs. There is an urgent need of an automated solution for processing lumber. The current methods are too expensive for SMEs and in practice lead to errors, enormous economic & environmental waste.

Our newest product - Neural Grader is the solution to this problem, having the potential of disrupting the European and global wood industry. Its innovation lies in the industrial cameras that capture images of each board and, using state-of-the-art Artificial Intelligence methods, accurately classifies wood quality. Neural Grader also computes the optimal way for cutting the boards and sends commands to the cutting machine, preventing wood waste.

Competitive advantages: - Efficiency: it detects defects and grads lumber at high speed, with accuracy that exceeds the one of existing systems; - Affordability: the price will be 1/4 of the price of our competitors’ products, making it accessible for the SMEs, who are currently overwhelmed by overly expensive technology and dominated by large companies; - Full-control of production: companies can manage the production lines and inventory and focus on quality.

We have a large base of existing clients and 10 sawmills in Europe & North America sent us Letters of Support (ANNEX 1).

Finance: We expect revenue growth of €1.2, €4.4 and €8.3 million in 2020, 2021 and 2022, respectively. Job creation increases from 12 to 29 employees. Operating expenses start at €0.9 million in 2019 and grow to € 2.3 million in 2022.

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

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

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 "NEURAL GRADER" are provided by the European Opendata Portal: CORDIS opendata.

More projects from the same programme (H2020-EU.3.;H2020-EU.2.3.;H2020-EU.2.1.)

TalentVision (2019)

INSIGHTS FOR TALENT ASSESSMENT USING COMPUTER VISION TECHNIQUES FROM NEURO PSYCHOLOGY

Read More  

Manuback (2019)

MANUBACK, the smart garment for operator protection in the field of Manual Handling of Goods

Read More  

Nocturne (2019)

The eye as a window to the brain, extending lifelong brain health

Read More