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Ensygnia Onescan Market Disruptive Technology

Objective

Ensygnia Onescan Open Disruptive Innovation Scheme
If awarded the €500,000 grant, Ensygnia would use it to accelerate the company’s market disruption activity in Europe. This would involve expansion by hiring key Business Development and Sales Executives to engage with target companies across Europe and increase awareness Ensygnia’s Onescan platform and App.

Onescan’s patented process will fuel the uptake of mobile payments and also has applications for transaction authentication and logon services. Onescan introduces new levels of enhanced security coupled with ease of use factors which have the power to revolutionise the payments landscape.

Ensygnia’s progress so far has already been recognised within the mobile and payments industries:
• Mobile Industry Awards: “Best Software Solution” – Ensygnia [June 2014]
• UK winner in the “Innotribe start up” challenge 2014 organised by SWIFT – the banking industry group. We will now take part in the global Innotribe finals in Boston later this year
• Voted by the audience at the Mobile World Congress as one of the top three companies most likely to have “the greatest impact on the global mobile industry over the next ten years” (March 2013)

In Europe, Ensygnia will first look to target Spain, Germany, and France. We have both a direct and an indirect customer acquisition strategy. We are targeting companies with large customer bases so will work with key partners where necessary but can also deal direct. We aim to create an eco-system of consumers able to use the Onescan App to make payments online and in-stores anywhere in Europe and beyond. Onescan securely associates identity with transactional information – both personal and financial - and has the power to disrupt traditional methods of payment, and other vertical market applications, on a global scale.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /natural sciences/computer and information sciences/software
  • /social sciences/economics and business
  • /social sciences/sociology/governance/public services

Call for proposal

H2020-SMEINST-2-2014
See other projects for this call

Funding Scheme

SME-2 - SME instrument phase 2

Coordinator

ENSYGNIA LIMITED
Address
Merlin Place, Milton Road
CB4 0DP Cambridge
United Kingdom
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 500 000