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GNSS/INS Low-cost Attitude Determination and navigation system - Phase 2

Objective

GLAD-2 is aimed at the industrialisation of an innovative product (GNSS low cost and highly accurate attitude determination system, reinforced magnetic immunity) and its commercialisation plan.

The innovative and technologically advanced prototype (TRL6), outcome of an FP7 project, (with proven feasibility through SME-INST-1 project) will be transformed into a TRL9 profitable product. It avails an identified business opportunity derived from the UAS/RPAS expansion and lack of high precision and low cost positioning solutions. This will be done in parallel to the regulation harmonisation in Europe, thus fostering this niche market, mainly in the civilian professional sector, for precision accuracy and/or magnetic interference sensitive applications.

ACORDE expects to reach the 5% European market share, offering this product to autopilot/sensor developers, UAS integrators and UAS manufacturers, what will imply a cumulative turnover of 8.5M€ and cumulative profit of 1.6M€ in the 2016-2022 period, generating 5 FTE positions in the company.

Since the company strategy is based on high technology engineering connected to radiofrequency and satellites, creating robust, reliable and high performance products, it is clear that the goal pursued in GLAD-2 is absolutely aligned with the corporate strategy, complementing the high-tech offering, consolidating the UAS supplier capabilities, and exploiting an experienced R&D line within the company. Therefore, this opportunity represents a key milestone in the strategic implementation plan: not only will promote the GNSS/Galileo products market activity, but also will open new niche markets for the company, thus increasing the probabilities of synergies, cross sales and incremental selling, creating a virtuous circle with the rest of the company technologies and products, not to mention the employment creation and the diversification of incomes, leading to a robustness and competitiveness improvement of the SME.

Fields of science (EuroSciVoc)

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME - SME instrument

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

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Coordinator

ACORDE TECHNOLOGIES SA
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 990 453,10
Address
CALLE EL CASTRO 22N
39011 Santander
Spain

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Noroeste Cantabria Cantabria
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 1 414 933,00
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