PhantoMinds SIGNED
Better and faster innovations with PhantoMinds’ instant automated recruiting tool for open innovators
Total Cost €
0EC-Contrib. €
0Partnership
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0PhantoMinds project word cloud
Explore the words cloud of the PhantoMinds project. It provides you a very rough idea of what is the project "PhantoMinds" about.
Project "PhantoMinds" data sheet
The following table provides information about the project.
| Coordinator |
PHANTOMINDS GMBH
Organization address contact info |
| Coordinator Country | Germany [DE] |
| 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 2019-12-01 to 2020-05-31 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | PHANTOMINDS GMBH | DE (Hamburg) | coordinator | 50˙000.00 |
Map
Project objective
'70-90 percent innovatin flops- The avoidable bad investments of 10 billion euros a year! This is highly related by the innovation methods in use which are not able to deal with the fast-changing markets nowadays. In the innovation race between countries and companies, the biggest challenge for companies is to build and identify executable ideas and innovations, especially ideas and new products their customers want and buy.
PHANTOMINDS is a start-up from Hamburg, which was founded with the goal to become the No. 1 crowdsourcing provider for collaborative innovation development in Europe. We focus on the needs of companies to respond more flexibly and quickly to changing markets and conditions. PhantoMinds offers companies an open, digital and iterative innovation process via a crowdsourcing approach to SMEs and large companies. By doing so, PhantoMinds enables SMEs to use the crowdsourcing community platform to develop ideas and innovations by using the perspectives, expertise and knowledge from the creative community and/or in combination with external experts and the company’s clients.We have already designed and implemented a new module as a 'big data' solution named 'open innovator/lead user internet screening for companies' on twitter, facebook and linkedin.
The key market of our solution is the market for Innovation Management. This market with a volume of 379 M€ in 2017 is developing extremely rapid with a CAGR (2017-2022) of 29%. Our goal is to achieve a mar-ket share of approximately 10% in Europe within the next 5 years, which is about 8,7M€.'
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The information about "PHANTOMINDS" are provided by the European Opendata Portal: CORDIS opendata.