Objective
IrisPhone was born in early 2014 as an entrepreneurial project of two young Cypriot engineers who have set out to reduce the digital divide by designing a novel and intuitive communication interface for smartphones that requires neither key or touch-screen pressing nor voice-based commands. IrisPhone delivers technology innovation, but also social innovation, by enabling its target users, mainly elderly people, to remain connected and avoid risk of exclusion. Today, almost 2 years into development, and after raising funds which led to the expansion of the team and the foundation of iResTech Ltd, the first IrisPhone prototype has already been successfully tested with a wide group of elderly users in Cyprus. In light of these results, MTN Cyprus, subsidiary of the multinational mobile telecommunications company with more than 230 million users, has expressed its interest in incorporating our future product into its retail space. Consequently, we anticipate to generate an accumulated net profit of €4,6 to €8,9 million (depending on which business model is chosen) within the first five years of commercialisation.
With the SME instrument’s support, iResTech Ltd aims to explore, plan and finally execute a business plan for the upscale, demonstration and future market introduction of IrisPhone.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- natural sciences computer and information sciences internet internet of things
- social sciences sociology social issues social inequalities
- social sciences economics and business business and management business models
- social sciences sociology governance crisis management
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications mobile phones
You need to log in or register to use this function
We are sorry... an unexpected error occurred during execution.
You need to be authenticated. Your session might have expired.
Thank you for your feedback. You will soon receive an email to confirm the submission. If you have selected to be notified about the reporting status, you will also be contacted when the reporting status will change.
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
-
H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
See all projects funded under this programme
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.
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.
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-1 - SME instrument phase 1
See all projects funded under this funding scheme
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
See all projects funded under this callCoordinator
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.
1060 NICOSIA
Cyprus
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.