Novel AI-based shopping platform for 100% product supply transparency and smart redirection from e-commerce platforms to local retail to create a resilient European retail sectorbroad
SmartOnlineSalesRedirectionPlatform · Horizon Europe grant · 2022-10-01–2024-09-30
EC contribution
Total cost
Beneficiaries
About the data
Source: CORDIS (official EU open data), Horizon Europe. Framework HORIZON · call HORIZON-EIC-2022-ACCELERATOR-01 · scheme HORIZON-EIC-ACC-BF · topic HORIZON-EIC-2022-ACCELERATOROPEN-01. CORDIS record →
Objective
Large online platforms bring increasing difficulties for retailers to attract end users to local offerings. Between 2016 & 2018 122,677 retail businesses were closed in the EU. City centres start to extinct, local retail loses market shares. To stop these trends & help retailers in regaining a wide reach, we built the first self-learning AI platform for retailers. The core technology is a browser plug-in for web-browsers. When an end user searches for a product on a shopping platform, e.g., Amazon, and opens a product site, alocalo’s search algorithm identifies the displayed product and suggests local retailers who provide the searched article. Within less than 1s the end user gets the recommendation for the trader together with the local shop’s name, distance to the shop, address & contact data. The plug-in shows the availability of the searched product & end users are directed to the retailer’s web shop to order online (guaranteed delivery next day) or buy it locally.
Beneficiaries (1)
| Organisation | Country | Role | EC contribution | SME |
|---|---|---|---|---|
| ALOCALO GMBH | DE | coordinator | €2,220,750 | Yes |
Get the DFM funding briefing — free
New EU defence calls, tenders and awards in your inbox.
Defence Finance Monitor is an analytical and informational product. Grant data is official CORDIS; payment and subscription happen on DFM Analysis.