Objective
Cobiro is a revolutionary artificial intelligence (AI) platform for managing and optimising Google AdWords. Our solution is an advanced software and AI algorithm that automatically manages the entire process of extracting keywords, AdWords bidding, purchasing, managing and reviewing. Our competitive advantage lies in our Natural Language Processing (NLP) algorithm that computes and extracts appropriate keywords leading our platform to beat all current market solutions by 20-180% in purchasing conversion rates for up to 75% of the budget spend. Cobiro currently works only through web-shops which is a limiting feature for the most important segment of the market – service SMEs across Europe.
The AdAI project will adapt, demonstrate and commercialise our product for a completely new market segment while adding client onboarding functionality throughout our platform that we currently do not possess. We have developed a new Service Module for our platform which is at TRL6. The Service Module when finalised, with its highly-developed NLP algorithm, will enable our platform to extract keywords from simple websites/unstructured data and enable us to offer our platform to all types of service companies across Europe.
The AdAI project will move our product to full technical and commercial readiness. Upon successful completion of the AdAI project, Cobiro will be the only company offering such an automated and integrated solution for AdWords management. By year 5 post-project, our turnover expectations are EUR 39,780,000 with profit of EUR 25,857,000 and generation of at least42 new jobs.
AdAI will provide European SMEs with an affordable and simple tool that automatically manages all the processes associated with digital search marketing, providing them with higher client flows, high conversion rates and sales. It fits into the EC initiative for a Digital Single Market that seeks to enable businesses across EU to utilise new digital technologies for business growth.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- natural sciences computer and information sciences data science natural language processing
- social sciences sociology industrial relations automation
- social sciences economics and business business and management commerce e-commerce
- social sciences economics and business business and management business models
- natural sciences computer and information sciences artificial intelligence machine learning
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.6. - SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1263 KOBENHAVN
Denmark
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.