Objective
The Internet of Things (IoT) is foreseen to enable similar changes as the Internet revolution, making the physical world as
economically liquid, personalized and efficient as the digital one. The Industrial Internet of Things (IIoT) – IoT in industrial
applications – is arguably the biggest driver of productivity and growth in the next decade, forecasted to add up to US$14.2
trillion to the global economy by 2030.
Bosolog Aps has developed a smart solution that targets existing, unmet needs in the IIoT booming market – an innovative
system for real time monitoring of business critical and/or valuable equipment from the manufacturer to the end-user, both
during storage transportation, and at the user site. Our innovative concept encompasses elements such as: fully automated
business logics, accurate mapping; real-time monitoring of several parameters and personal alerting by exceptions;
proactive maintenance; and support to tactical and operational decision-making.
Despite the successful initial demonstration (that led to TRL6), several risks and technology barriers remain concerning the
reliability and scalability of the solution. Particularly, there is a great need for demonstration in operational environments to
open up new markets. Bosolog firmly believes that a two-phase approach under EU-funding is the ideal scenario, in order to
initially assess the market for concept feasibility before initiating the innovation project.
Bosolog estimates (for a specific customer using our technology) up to €1 million in annual cost savings, through an increase
in equipment productivity, workforce efficiency, and equipment lifetime; as well as by reducing equipment defects, downtime,
inventory costs, and unplanned outages.
Moreover, the successful implementation of Bosolog will also significantly contribute to the company growth – based on the
estimated market potential, we expect a total aggregated turnover exceeding €41 million, 5 years after market introduction
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.
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.
- natural sciences computer and information sciences internet internet of things
- natural sciences computer and information sciences software
- social sciences political sciences political transitions revolutions
- social sciences economics and business economics production economics productivity
- social sciences economics and business business and management employment
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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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.
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.
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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
See all projects funded under this callCoordinator
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.
8600 SILKEBORG
Denmark
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
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.