Neural Grader
Financiado
Neural Grader Digitizing the Wood Industry
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 i...
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.
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Duración del proyecto: 6 meses
Fecha Inicio: 2019-01-28
Fecha Fin: 2019-07-31
Fecha Fin: 2019-07-31
Línea de financiación: concedida
El organismo H2020 notifico la concesión del proyecto el día 2019-07-31
Línea de financiación objetivo
El proyecto se financió a través de la siguiente ayuda:
EIC-SMEInst-2018-2020:
SME instrument
Cerrada
hace 6 años
Presupuesto
El presupuesto total del proyecto asciende a
71K€
Líder del proyecto
FORDAQ
No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico
TRL
4-5
Perfil tecnológico
TRL
4-5
178.43K€ |
Participante