Objective EOFARM project will cover the topic of Precision Farming (PF), one of the main applications of Earth Observation in the agriculture industry; it makes use of satellite images to help farmers in monitoring and managing crops from planting to harvesting. One of the main needs of farmers, in particular smaller ones which account for 80% of the UAA in EU27, is the possibility to increase yields while reducing the costs and environmental impacts of current crop production processes. EOFARM main objective is to launch in the market an innovative PF service which targets small farms (average size between 5-30ha), addressing a clear user need, and to enter in the emerging market of commercial applications of EO downstream services in agriculture, estimated to be worth approximately € 43 million in 2015.EOFARM will be based on: -an innovative algorithm able to integrate the algorithm indexes derived from NDVI(Normalized Difference Vegetation Index), LAI (LEAF AREA INDEX) and OSAVI (Optimized Soil-Adjusted Vegetation Index) for the production of 3 different kind of maps at the same time: crop vigor maps, vegetation status maps, green leaf maps,- free satellite data derived from the constellation Copernicus (sentinel 2) and Landsat 8- Open Geo, an open source solutionThe impact on the EU Market of agriculture will be huge, considering that the current market for commercial applications of EO downstream services in agriculture is about € 34 million and the estimated EO downstream services Total Addressable Market (TAM) for the Agriculture sector amounts to approximately € 0,4 billion. In this context The EOFARM project is expected to boost IPTSAT growth in terms of turnover, EBIDTA and employment opportunity.Additionally EOFARM will have positive impacts on the small farmers by increasing productivity and sustainability by means of improved resource efficiency: it will possible to use less water, energy, fertilisers (especially phosphorus and nitrogen) and pesticides Fields of science engineering and technologymechanical engineeringvehicle engineeringaerospace engineeringsatellite technologysocial scienceseconomics and businessbusiness and managementbusiness modelssocial scienceseconomics and businesseconomicsproduction economicsproductivityagricultural sciencesagriculture, forestry, and fisheriesagriculturesocial scienceseconomics and businessbusiness and managementemployment Programme(s) H2020-EU.2.1.6. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Space Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) Space-SME-2014-1 - SME Instrument Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2014 Funding Scheme SME-1 - SME instrument phase 1 Coordinator IPTSAT SRL Net EU contribution € 50 000,00 Address Via sallustiana 23 00187 Roma Italy See on map Region Centro (IT) Lazio Roma 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 Other funding € 21 429,00