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Industrial Technologies INNOVATION
A backbone implementation for future virtual market place design in the area of Material Modelling
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Market Maturity: Exploring
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Market Creation Potential
This innovation was assessed by the JRC’s Market Creation Potential indicator framework as addressing the needs of existing markets and existing customers. Learn more
Location of Key Innovators developing this innovation
Key Innovators
UN Sustainable Development Goals(SDG)
This innovation contributes to the following SDG(s)
SUSTAINABLE DEVELOPMENT GOAL 8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The UN explains: "Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty."

SUSTAINABLE DEVELOPMENT GOAL 9
Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

The UN explains: "Investments in infrastructure – transport, irrigation, energy and information and communication technology – are crucial to achieving sustainable development and empowering communities in many countries. It has long been recognized that growth in productivity and incomes, and improvements in health and education outcomes require investment in infrastructure."

The EU-funded Research Project
This innovation was developed under the Horizon 2020 project MarketPlace with an end date of 30/06/2023
  • Read more about this project on CORDIS
Description of Project MarketPlace
The MarketPlace consortium will utilise state of the art information technologies to build an open web-based integrated Materials Modelling and Collaboration platform that acts as one-stop-shop and open Marketplace for providing all determining components that need to be interwoven for successful and accelerated deployment of materials modelling in industry. This includs linking various activities and databases on models, information on simulation tools, communities, expertise exchange, course and training materials, lectures, seminars and tutorials. The proposed MarketPlace will be a central-hub for all materials modelling related activities in Europe and provide tangible tools to connect disparate modelling, translators, and manufacturing communities to provide a vibrant collaboration web-based tool for the advancement of materials modelling in European manufacturing industry. The developed platform will include mechanisms for the integration of interoperable set of advanced materials model workflows for coupling and linking of various discrete (electronic, atomistic, mesoscopic) and continuum models. This will be achieved by developing open and standard post and pre-processing methods that allow complex flow of information from one model to another for both strongly and loosely coupled systems. The Marketplace platform will include access to concerted set of federated databases of materials models, materials data and provide for access to experimental characterisation and stimulate the development of interface wrappers and open simulation platforms. The MarketPlace consortium aims to strengthen the competitiveness and lower the innovation barrier for European industry for product development and process design and optimization using materials modelling.

Innnovation Radar's analysis of this innovation is based on data collected on 27/04/2021.
The unique id of this innovation in the European Commission's IT systems is: 18632