A novel and intuitive communication interface providing life enriching experiences for users in risk of social exclusion

Project Information

IrisPhone

Grant agreement ID: 719945

DOI 10.3030/719945

Project closed

EC signature date 18 February 2016

Start date 1 March 2016

End date 31 August 2016

Funded under

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Total cost € 71 429,00

EU contribution € 50 000,00

Coordinated by

IRESTECH LTD
Cyprus

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.

• 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

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Programme(s)

• H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) Main Programme
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Topic(s)

• ICT-37-2015-1 - Open Disruptive Innovation Scheme (implemented through the SME instrument)

Call for proposal

H2020-SMEInst-2014-2015

See other projects for this call

Sub call

H2020-SMEINST-1-2015

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

IRESTECH LTD

• Net EU contribution: € 50 000,00
• Address: AGIAS ELENIS 6 AGIAS ELENIS BUILDING 4TH FLOOR FLAT/OFFICE 43 ; 1060 NICOSIA ; Cyprus
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Κύπρος › Κύπρος › Κύπρος
• Region: Κύπρος › Κύπρος › Κύπρος
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 71 429,00