April 13, 2020
The H2020 project is now completed, with a concrete proposal for the creation of a self-sustainable European-wide virtual Centre for risk management and safe innovation in nanomaterials and nanotechnology. more
April 13, 2020

The SmartResilience H2020 project, coordinated by EU-VRi, has finished and its main results are released.

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April 13, 2020
EU-VRi is glad to announce that the AssureMoss H2020 project has been selected for funding and is expected to start by the end of 2020. more
March 1, 2020
The Extratex project, coordinated by NTT, has been launched in March 2020. more
January 28, 2019

SmartResilience is referenced in a recent update to an International Organization for Standardization (ISO) webpage highlighting the work being done for the new standard ISO 31050 - Guidance for managing emerging risks to enhance resilience. The standard and will provide the guidance needed to deal with the "new, previously unknown or not considered, 'emerging' risks [which] can pose the greatest challenges to resilience, safety and operational and business continuity" and draws upon the work of organizations and projects including SmartResilience.

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October 1, 2018

ERRA - The European Risk & Resilience Assessment and Rating Agency

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June 4, 2018
The EC announced the proposed budget of €100 billion and the name of the next EU Research & Innovation Framework Programme: Horizon Europe (2021-2027) more
 

One way of capturing early warnings about an emerging risk is to analyze the information contained in the web. Such a tool, named RiskRadar developed by Steinbeis R-Tech and EU-VRi has been applied to COVID-19 news. The COVID-19 related risk identified by the tool are aggregated, classified and visualized for the stakeholders by the tool.

Thus, the tool enables stakeholders to discuss early on, what the intended and unintended effects of the developments may be. The tool utilizes a purely content-based methodology to rank a set of publicly available documents (news articles, blog posts, abstracts from scientific journals etc.) according to their potential to generate risks/impact. The tool considers the textual data over a period of time for a given topic, uses this information to perform data analytics to rank the relevance or importance of the documents and related keywords based on document centrality. Centrality is a simple indicator for gauging the impact of the document that captures the frequency of the terms, but also how these terms are related to each other.

The tool yields the Radar and a Network map. The former includes a list of risks-related keywords on a radar-like widget, along with the list of sources used for extracting and ranking these keywords. The position of the keywords (shown in yellow dots) on the radar indicates its importance where the closer to the centre the term is, the more “relevant” a keyword is in documents related to the COVID-19 coronavirus analysis. The Network map includes a short description of the topic (shown in green circle) connected to the most common keywords (shown in blue circles) and the articles (in colors of red, orange and yellow). The color and size of the collected articles are designated based on their relevance; the larger circle has the highest applicability to the topic.

By looking at different sources (e.g. “science, “media” and/or “public”) the system identifies the topics of interests in the information parsed and assigns them the respective risk scores according to the criteria set (e.g. sentiment, credibility of source, context, etc.). The early warning is identified on the basis of the relation of the terms in search, not on simple “word bagging”. The tool allows user to drill-down to the initial source of information and obtain the background information (e.g. the full-text report).

 
Welcome to EU-VRi



European Virtual Institute for Integrated Risk Management, the European organization which provides  the highest quality of professional service, consulting, information and education needed in the broad area of modern integrated risk management and management of emerging risks. EU-VRi covers, but is not limited, to the areas of oil and gas industry, e-health, biomedical industry, corporate social responsibility, environmental risk management, business risks, transport risks, logistics. EU-VRi is organized as an EEIG.

What is an EEIG?
The purpose of a European Economic Interest Grouping is to facilitate or develop the economic activities of its members by a pooling of resources, activities or skills. This will produce better results than the members acting alone. It is not intended that the grouping should make profits for itself. If it does make any profits, they will be apportioned among the members and taxed accordingly. Its activities must be related to the economic activities of its members, but cannot replace them. An EEIG must have at least two members from different Member States. An EEIG does not necessarily have to be formed with capital. Members are free to use alternative means of financing.

Who can join the EU-VRi?
An EEIG can be formed by companies, firms and other legal entities governed by public or private law which have been formed in accordance with the law of a Member State and which have their registered office in the Community. It can also be formed by individuals carrying on an industrial, commercial, craft or agricultural activity or providing professional or other services in the Community

 
What are the main objectives and planned activities of the EU-VRi EEIG?
  • Provide services on a commercial basis to industry, research community and/or public authorities
  • Connect individual industrial companies or networks of companies to the most appropriate research facility – in effect acting as a research broker
  • Establish and document the state of the art in the particular field of expertise of the virtual institute.
  • Identify research and development needs and gaps in the particular field of expertise.
  • Act as an information centre for research results and developments.
  • Facilitate mobility of researchers between institutes within the Virtual Institute and industry.
  • Act as a tool to create consortia to address the R&D needs and gaps identified in above and support research collaboration.
What are the main benefits to be a member of EU-VRi EEIG?
  • To provide better business opportunities through integrating the available human and other resources concerning integrated risk management at European level
  • To ensure better chances for EU funded projects through representing the economic interest of the related industries by a strong grouping at EU level
  • To provide better opportunities for the group members to affect EU policy

On-line application

On-line application form is available. This form can be used to place a request to be added to the EU-VRi mailing list and/or apply for becoming a member of the Virtual Institute for Integrated Risk Management (EU-VRi).

Click here to go to on-line application