The overall concept is based on the recognition that it is currently not possible to procure complex equipment through digital platforms, as products are too complex for traditional ecommerce platforms, digital twinning is needed to assess their suitability and the delivery of a product is complex. In addition, traditional platform approaches are based on a “winner-takes-all” model, in which the platform with the biggest market share will survive. This makes equipment manufacturers, providers of simulation services and potential buyers reluctant to use traditional e-commerce platforms.
They require a new type of business model, which includes new ways to protect their intellectual property. To address these challenges, MARKET4.0 develops an open multi-sided digital platform for enabling production equipment and service providers to connect and work together with manufacturing companies. The project aims to create technical and financial trust to prove payment, delivery and anonymised feedback in manufacturing B2B collaborations. MARKET4.0 provides a “plug & produce” environment for equipment manufacturing companies and their customers within the European Union. MARKET4.0 develops an open multi-sided (supply and demand) digital platform for enabling production equipment and service providers to connect and work together with manufacturing companies. Creates technical and financial trust in manufacturing B2B collaboration.
Deadline for proposals
28 January 2021
- Production equipment suppliers, SMEs/midcaps that provide production equipment products and services.
- Technology providers, SMEs/midcaps software or technology provider companies that can offer additional application(s) or service(s) on top of the MARKET4.0 platform.
- Research/non-industrial legal entities (i.e. research centres, universities, Competence Centres), with relevant expertise that can provide innovation solutions to the MARKET4.0 platform together with the industrial partners.
12 months duration
250.000 EUR or 100.000 EUR or 50.000 EUR funding per project. Support from MARKET4.0.
Dr. Kosmas Alexopoulos
Laboratory for Manufacturing Systems and Automation (LMS)
Department of Mechanical Engineering and Aeronautics
Tel.: +30 2610 910160