REOR20 developed the next generation flood intel technology to help companies reduce the risk of their physical assets, ensure business continuity and optimise financial risk transfer solutions
$1M in funding, 2 clients and incubation with the European Space Agency. Currently we are performing product fitting and acquiring model clients. Additionally we establish distribution channels via partnerships
Problem or Opportunity
The economic losses of companies due to global flooding are as high as $1.7T annually. This number, due to climate crisis, is expected to grow to $3.5T by 2060.
Solution (product or service)
REOR20 developed the next generation flood intelligence technology - ShallowWater HPC - to help companies reduce the flood risk of their physical assets, ensure business continuity and optimise financial risk transfer solutions.
Cost per catchment area calculation ~$25k
Average target clients per catchment area ~50
Price per client site ~$25k
First client in a catchment area is covering the costs, all the additional contributing to profits
Incubation/Acceleration programs accomplishment
ESA BIC CH alumni. 2 years incubation and EUR200k grant