About

REDI Engineering Solutions is a deep-tech engineering company with expertise in structural design, assessment and retrofit solutions, development of relevant software & research activities in the field of earthquake engineering, multihazard assessment, resilience and sustainability.

Solution & Product

Key activities that create the REDI’s key value proposition to potential customers are technology solutions that transform the decision-making for improving safety and sustainability of built assets and for efficient civil protection to a fully digitized and groundbreaking process. Building and infrastructure administrators, private or public, can use our solutions to prioritize the actions needed for maintenance and future investments. REDI's products for infrastructure include 1) an online tool for the vulnerability assessment with the derivation of fragility curves based on user-defined parameterized models 2) a product for the evaluation of bridge safety for increased moving loads by applying the principles of multibody dynamics and co-simulation approaches. Regarding buildings, REDI’S software for buildings provides a quantitative approach for the assessment and damage level estimation for building inventories (e.g. minor, major, etc.) based on pre-earthquake collected data.

Innovation & Scalability

REDI is a pioneer entrepreneurship providing digital products of high-end engineering that customers can introduce into maintenance and management processes for built assets to ensure undisturbed operation even under the most extreme circumstances (e.g. an earthquake) and achieve low maintenance costs. The company bridges the gap of the value chain between planners, managers and constructors offering financial gains through assessment tools that can be integrated into a more automated decision-making procedure for the prioritization of future actions. Our products introduce advanced engineering techniques for structural assessment, e.g. artificial intelligence algorithms for the rapid assessment of buildings and infrastructure to provide prediction of future damages, co-simulation techniques that include the parallel analysis of subsystems in real time, the use of Functional Mock-up Units in analysis, etc. In REDI, due to team work and willingness to reinvest profits in R&D, the long-term growth potential reflects the extent to which the business will grow and profit margins will go up by expanding products to more assets from buildings to lifelines (e.g. transportation networks) in local, regional, national and international level, supporting customers to (a) sustain and improve resilience of existing and new assets (b) support maintenance prioritization (c) improve their efficiency in disaster management (e) enhance the vulnerability and risk assessment on assets.

Traction & achievements

REDI was founded in February 2020 to unite the strong skills and experience of its team into a promising firm. Three innovative software tools have been already developed (two for infrastructure and one for buildings). REDI has become a partner of the Disaster Risk Innovation Cluster to network and disseminate its tools more efficiently and has participated in the bidding for funding for its products development. In addition, REDI has become a partner of the Competence Center for a Safe and Sustainable Built Environment (approved July 2021) in collaboration with the University of Western Macedonia and other private companies to strengthen its dissemination channels and receive funding for further growth. A distinguished customer is the Department of Civil Engineering, AUTh, that will use one of the products in a national funded research project. Other customers are engineering, software and construction companies.

Team & Why Us

REDI's team consists of professionals with strong academic and professional backgrounds. Management Team Elias Paraskevopoulos, CEO, Dr. Civil Engineer. He has over 15 years of research and professional experience and has been Scientific Coordinator of several research projects. Sotiria Stefanidou, Partner & Head of R&D, Dr. Civil Engineer and Resilience Expert in a multi-hazard environment. She is a Senior Researcher with more than 10 years research experience in Risk and Resilience assessment of Structures. Olga Markogiannaki, Dr. Civil Engineer focusing on the adaptation of structures in a climate-changing multi-hazard environment. She has more than 10 years research experience in preventive maintenance. Themis Mpasdekis, Partner. He is the Financial Account Manager in REDI. Konstantinos Mixios, MSc Civil Engineer and Software Developer. He performs software development and guides the project team.

Funding Needs

We are gaining traction and planning to run a seed round of one million in the next months for business development, increasing the specialization of its team with high calibre talents and commercially launch its products in core European markets.