CLOUDSTORMProject ID: 743486
H2020-EU.3.6. - SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies
Transforming the enterprise software industry: CloudStorm open source enterprise application development and integration framework
Total cost:EUR 71 429
EU contribution:EUR 50 000
Topic(s):SMEInst-12-2016-2017 - New business models for inclusive, innovative and reflective societies
Call for proposal:H2020-SMEINST-1-2016-2017See other projects for this call
Funding scheme:SME-1 - SME instrument phase 1
Nearly €550 billion is spent globally on enterprise software each year. Few large framework providers (e.g. SAP, Microsoft, IBM) heavily dominate the industry, and yet, their approach to software development is obsolete in the light of modern application development. Hence enterprises looking to implement new software can either buy bulky, unfocused software packages that excel in nothing, or buy focused applications from unknown vendors and risk an integration nightmare.
We are proposing a solution for 600 000+ IT companies in Europe that breaks down the technical and financial barriers for them to enter enterprise software industry.
Our solution is CloudStorm framework: the first open source enterprise software development and integration framework that effectively capitalizes upon synergies between established enterprise IT infrastructures (e.g. SAP) and the best practices from modern web and mobile application development. CloudStorm enables IT companies of all sizes and scopes to build and deploy highly competitive, built-for-purpose enterprise applications at least 2 times quicker and with at least 10 times lower final price compared to the currently leading vendors.
We were recently awarded a Amazon Web Services grant, as they see a game changing potential in our ambition to bring business model innovation to the closed-up enterprise software industry. By combining open source ideology with premium features, we expect to reach €420 million revenue by 2023.
The objective of CLOUDSTORM feasibility study is to prepare for final development and commercial launch of the next generation CloudStorm framework and its complementary premium services. Phase 1 will focus on a detailed business plan creation, IPR study, and technical testing activities. We are planning to define the product roadmap during the feasibility study and continue its implementation in Phase 2 project.
EU contribution: EUR 50 000
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