Opendata, web and dolomites

SMARTSTAIR SIGNED

Robotic Production of EPS Formwork for cost-effective Concrete Stairs

Total Cost €

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EC-Contrib. €

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Partnership

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 SMARTSTAIR project word cloud

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

headcount    dubai    market    staircases    olafur       timber    13bn    superior    100m    2012    artist    waste    iconic    points    full    company    serviceable    cagr    ebitda    designed    replaces    people    fjordenhus    manufacturers    building    cluding    introducing    became    person    containerized    licensing    2025    expanded    87    eps    5m    turnover    pending    designs    famous    48bn    2014    expensive    app    profile    robotic    annually    blocks    robot    penetrate    takes    patent    business    faster    ro    massive    specifications    industry    pain    250    opus    slash    manual    polystyrene    botics    64x    groundbreaking       88    hotwire    formworks    ipad    molds    23    proprietary    minutes    total    wire    cutting    casting    not    time    manufacturing    smartstair    construction    odico    producing    share    severe    added    international    formwork    world    pioneer    staircase    tons    internet    hardware    commercial    intensive    platform    iot    days    founded    opportunity    addressable    denmark    alone    model    form    2026    vejle    assembled    eliasson    generates    innovation    manufacturer    first    things    tool    industrial    customers    countries    software    few   

Project "SMARTSTAIR" data sheet

The following table provides information about the project.

Coordinator
ODICO A/S 

Organization address
address: OSLOGADE 1
city: ODENSE
postcode: 5000
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 Denmark [DK]
 Total cost 1˙354˙245 €
 EC max contribution 947˙971 € (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-EIC-SMEInst-2018-2020-3
 Funding Scheme SME-2b
 Starting year 2020
 Duration (year-month-day) from 2020-03-01   to  2021-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ODICO A/S DK (ODENSE) coordinator 947˙971.00

Map

 Project objective

Founded in 2012, Odico A/S is an international pioneer in the emerging field of ro¬botics for the construction industry. In 2014, Odico became the first company in the world to produce form¬work (i.e. molds for concrete casting) with robotic hotwire cutting and Expanded Polystyrene (EPS) blocks for a commercial project – the iconic Fjordenhus in Vejle (Denmark) designed by the world-famous artist Olafur Eliasson. We have completed over 250 robot manufacturing projects in 6 countries, in¬cluding several high-profile construction projects, such as the Opus Dubai building. Today, producing formworks (i.e. molds) for a typical concrete staircase takes up to 4 person-days. Our SmartStair innovation will do this in under 30 minutes; 64x faster than existing technology. SmartStair is a containerized, full-feature robot production system developed by Odico and currently patent-pending. It replaces non- value-added manual work and enables concrete manufacturers to slash formwork manufacturing costs by up to 88%. The system comprises a) an industrial robot with b) a proprietary wire-cutting tool, c) groundbreaking robot control software developed by Odico, and, d) all assembled in a containerized Internet-of-Things (IoT) platform. With the easy-to-use SmartStair App for iPad, the concrete pre-manufacturer designs the formwork according to project specifications, in just a few minutes. SmartStair addresses our customers’ severe pain points: building formworks for staircases is expensive, time-intensive and generates 100M tons of timber waste annually in Europe alone. The market opportunity is massive. Our Total Addressable Market is €2.13Bn and will reach €2.48Bn by 2026 at a CAGR of 5%. We aim to rapidly penetrate this market by introducing a far superior technology. Through our hardware software licensing business model, we expect a market share of 1.8% (of Serviceable Available Market), a turnover of €23.5M, EBITDA of €6.5M and headcount of 87 people by 2025.

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

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