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Sedicii Innovative Authentication

Objective

Sedicii Innovations was formalised in December2013 with the objective to commercialise, promote & support innovative methods of authenticating users online (based on 4 years of academic research).Achievements include US Patent,Independent Audit receipt, BT winner, shortlisted with TechCrunch, MasterCard,&others and 2 pilots (BT & Gemalto).We received positive feed back &have identified many opportunities in gaining market/user acceptance.This feasibility study will help further research & address such opportunities/challenges to establish reference clients&users in building a sustainable business.Challenges include:A.Gain paying customers&market creditability through reference users, coupled with independent, endorsementsB.To further finance development of the Sedicii solution to meet with market needs. Sedicii’s method of authenticating a user can be applied to different user authentication needs.These include: a)Single Sign-On Authentication:Market Value of over €1 Billion annually.b)Credit Card Tokenization: Market Value of $5BN annually.c)Identity Verification: Market Value in excess of €5BN annually.Sedicii’s methods will benefit both consumers & suppliers of digital commerce/services.The ability to authenticate a user without the need to store or expose the personal information of the user will provide significant benefits to holders of such data. With the imminent development of new & evolving markets based on the “Internet of Things”, it is expected that over 100BN devices will be connected to the internet in the future, which will require stronger security,authentication to protect personal data.Sedicii expects to achieve 3objectives during the feasibility study:1.Identify targeted customers in defining the Sedicii solution to meet market needs.2.Explore commercial models & secure the regulatory / industry endorsement as part of the launch & commercial efforts.3.Educate/profile to a wider EU audience, including those responsible for data protection/privacy.

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: The European Science Vocabulary.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

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Coordinator

SEDICII INNOVATIONS LIMITED
Net EU contribution

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.

€ 50 000,00
Address
ARCLABS RESEARCH AND INNOVATION CENTRE WIT WEST CAMPUS
WIT West Campus, Car CARRIGANORE WATERFORD
Ireland

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Ireland Southern South-East
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 71 429,00
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