Grant: Applied Research and Development Grants - Level 1
Durham College
$25,000.00
Minute Book Segmentation and Information Extraction through AI
EF 2019-20
Résumé
The legal industry has begun modernizing and law firms are actively seeking solutions that can reduce wasted time, wasted space and help increase internal process efficiencies, increase revenues, and provide value-added client support. MinuteBox Inc. is a Toronto-based company that is focusing on helping law firms with storing and maintaining corporate record books, also known as ""minute books."" The uploaded documents in the minute books are manually scanned/categorized by the company's team members, which is a tedious, inefficient, and time-consuming process. Minute box has approached the AI Hub at Durham College to develop an artificial intelligence-based tool to be incorporated in their platform. This tool will automate their processes and workflow in order to automatically identify and extract important business and legally relevant information to provide a more effective corporate service. Essentially, more books on boarded in less time will result in greater opportunity for revenue generation. As a legal technology company, incorporating AI will dramatically increase the profile of MinuteBox amongst their customers and investors.
Programme
Applied Research and Development Grants - Level 1
Bénéficiaire
Emplacement
Ontario, Canada
Type de bénéficiaire
Academia
Type
Grant
Source
NSERC's Awards Data
Tel que publié
Application id
544544-2019
Name nom
Tyagi, Vibha
Department département
Head Office
Organization id
2465
Institution établissement
Durham College
Province en
Ontario
Province fr
Ontario
Country en
CANADA
Country fr
CANADA
Fiscal year exercice financier
2019
Competition year année de concours
2019
Award amount
25000
Program id
CARD1
Program name en
Applied Research and Development Grants - Level 1
Program name fr
Subventions de recherche et développement appliquée - niveau 1
Group en
RESEARCH PARTNERSHIPS
Group fr
PARTENARIATS DE RECHERCHE
Committee code
1561
Committee name en
Applied Research and Development Grants
Committee name fr
Subventions de recherche et développement appliquée
Area of application code
804
Area of application group en
Information and communication services
Area of application group fr
Services d'information et de télécommunications
Area of application en
Communication systems and services (planning, organization, services)
Area of application fr
Systèmes et services de communications (planification, organisation et services)
Research subject code
2801
Research subject group en
Artificial intelligence
Research subject group fr
Intelligence artificielle
Research subject en
Natural language and speech understanding
Research subject fr
Langage naturel et reconnaissance de la parole
Installment
inst:1 - 1
Partie
1
Nb partie
1
Application title
Minute Book Segmentation and Information Extraction through AI
Keyword
NSERC
Application summary
The legal industry has begun modernizing and law firms are actively seeking solutions that can reduce wasted time, wasted space and help increase internal process efficiencies, increase revenues, and provide value-added client support. MinuteBox Inc. is a Toronto-based company that is focusing on helping law firms with storing and maintaining corporate record books, also known as ""minute books."" The uploaded documents in the minute books are manually scanned/categorized by the company's team members, which is a tedious, inefficient, and time-consuming process. Minute box has approached the AI Hub at Durham College to develop an artificial intelligence-based tool to be incorporated in their platform. This tool will automate their processes and workflow in order to automatically identify and extract important business and legally relevant information to provide a more effective corporate service. Essentially, more books on boarded in less time will result in greater opportunity for revenue generation. As a legal technology company, incorporating AI will dramatically increase the profile of MinuteBox amongst their customers and investors.