Objective By blending the real and the virtual worlds of industrial production via the internet, the IoT connects all “actors” involved in the production process: machines, products, systems and people. Industry 4.0 will transform the manufacturing process through the self-optimization of production flow, a fully integrated and automatic process, highly flexibilized mass-production, self-diagnosis and intelligent support of workers. In this context, PAT WRAP aims at developing a secure and reliable high-tech automatic wrapping machine based on an innovative IoT platform. During the Phase1 project, the techno-economic feasibility of PAT WRAP will be assessed in order to support the forthcoming Phase2, for its industrialization and business exploitation. The innovative IoT platform, integrated in a re-designed automatic wrapping machine, will ensure higher productivity, onsite and remote monitoring of the whole machine and of the single components, safety process both for machine and operators, energy consumptions and waste reduction. The main result of PAT WRAP will be a reliable, scalable, flexible and customizable wrapping process, which allows to improve the manufacturing process with a reduction of the environmental impact up to 25%. The technology has already reached TRL6 and the Phase1 project aims at establish a robust industrialization and operational plan, at identifying stakeholders, sales channel and strategic partnership, at strengthening the business model with an in-depth market analysis, sound marketing strategy and reliable financial projections. The PAT WRAP project will represent a key opportunity for PIERI S.r.l. with the aim to be the first in Europe to introduce an innovative wrapping process integrated with an advanced IoT platform. This process will provide a clear impact on the Company business, affecting turnover (+40%), new employees hiring and a cash flow of around 1.002.540€ with an average ROI of 30% in the first 5 years of commercialization. Fields of science engineering and technologymechanical engineeringmanufacturing engineeringnatural sciencescomputer and information sciencesinternetinternet of thingssocial scienceseconomics and businessbusiness and managementbusiness modelssocial scienceseconomics and businesseconomicsproduction economicsproductivitynatural sciencescomputer and information sciencesdata sciencedata exchange Programme(s) H2020-EU.2.1.2. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies Main Programme H2020-EU.2.1.5. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Advanced manufacturing and processing H2020-EU.2.1.3. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Advanced materials H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-02-2016-2017 - Accelerating the uptake of nanotechnologies advanced materials or advanced manufacturing and processing technologies by SMEs Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator PIERI SRL Net EU contribution € 50 000,00 Address VIA OVADA 65 47522 CESENA Italy See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Nord-Est Emilia-Romagna Forlì-Cesena Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00