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Coreorient Oy/Ltd.

COREORIENT OY
Country: Finland

Coreorient Oy/Ltd.

2 Projects, page 1 of 1
  • Funder: European Commission Project Code: 770145
    Overall Budget: 1,930,840 EURFunder Contribution: 1,930,840 EUR

    The “Mobility and Time Value” (MoTiV) addresses emerging needs and perspectives on Value of Travel Time (VTT), a relevant research area particularly valuable to decision-makers, transportation planners, engineers, and economists in the context of projects aiming at enhancing transportation infrastructure. MoTiV main goal is to contribute to advance research on VTT by introducing and validating a conceptual framework for the estimation of VTT through a European-wide data collection. The data will be gathered through the Woorti smartphone app, which enables carrying out contextual mobility surveys integrating a user's assessment of the travel experience across transport modes. At a conceptual level, the project introduces a new definition and methodology for the estimation of VTT based on the value proposition of mobility. This approach allows exploring emerging views of VTT that consider not only its economic dimension, but also motivations, preferences and behaviours linked to the broader concept of individual well-being. The project will therefore extend current knowledge on VTT at theoretical and technological levels. A European-wide behavioural and mobility dataset will be made available to the scientific community to stimulate further research on the topic. In addition to decision-makers, transportation planners, engineers, and economists, and other actors engaged in mobility and transportation projects, the results of the project are expected to contribute to the development of new mobility services and to the extension of existing applications for informed travellers. MoTiV will as well provide a direct value to the end user by allowing to easily track, understand, and re-evaluate individual mobility and travel decisions, with the aim making best use of one’s own time in line with personal motivations, preferences, and lifestyle.

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  • Funder: European Commission Project Code: 652511
    Overall Budget: 71,429 EURFunder Contribution: 50,000 EUR

    PiggyBaggy is a crowdsourced logistics service allowing, for example, someone shopping in a hypermarket to also safely and easily deliver groceries to his neighbors and get paid for it. It is an efficient, sustainable and affordable transport alternative for home deliveries from retail stores and parcel pick-up points. Compared to the crowdsourced taxi service Uber, PiggyBaggy is: 1. Used for parcel deliveries instead of people transport 2. Parcels are transported by peer consumers instead of semi-professional drivers 3. Parcels are sent by grocery retail and delivery company partners (high volume) instead of consumers Our partnering with large retailers and delivery companies allows faster growth for both, because we reduce the cost of delivery for consumers below their €4-7 pain threshold (McKinsey). Our IPR strategy supports the competitive advantages and negotiating power. As a result we will achieve net revenues of € 278 million from home deliveries of consumer goods in Europe by 2020 based on Uber’s proven business model (assuming 5% market share and 15% transaction margin). The service pilot with a public library validated 20x cost savings in home deliveries. A Vice President in Finland’s largest retail chain and a Vice President in the Finnish postal service have agreed on partnerships to pilot the service with their customers. This project produces a feasibility study and a business plan based on results from test use in real operational environments and negotiations with channel partners: a grocery retailer, a postal company and a public library. The overall project executes this plan by developing the required additional technology and channel partner supported business models, allowing for accelerated roll-out across the European markets. Coreorient Oy (founded 2011) experts are from Nokia and have 15+ years of experience in challenging R&D projects, including 16 million downloaded mobile applications and key functionality standardized for mobile devices

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