Objective
Flood disasters are a continued global threat and the related costs, from mitigation through to economic losses, continue to climb. Overall losses due to the large European summer floods of 2013 reached almost 15 billion Euros. INUNDO provides accurate, current and historical flood spatial information for risk modelling to help (re-)insurance companies improve their existing risk assessment processes. INUNDO fills the geospatial information gap missing in today’s risk models and facilitates the impact assessment during and after large flood events. The objective of INUNDO is to create, validate, update, organise, license, and provide access to geospatial flood disaster information based on Earth Observations, meteorological data, and social media for the insurance industry to enhance their risk modelling and reduce their expenses. Our target market are (re-)insurance companies and related businesses developing and using natural hazard models. Such users are global players and could eventually help INUNDO expand to markets on other continents. INUNDO is expected to impact the flood disaster risk insurance market because selling more accurate geospatial flood disaster information to insurance companies will provide the necessary details to improve flood risk related insurance analysis. INUNDO sells business-to-business information to enhance risk models, to allow tailored premiums, and eventually to reduce losses for insurances as well as exposed citizens. INUNDO is a business opportunity for us and a great benefit for Europe.
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 databases
- social sciences sociology governance crisis management flood risk management
- natural sciences earth and related environmental sciences physical geography natural disasters
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
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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.2.1.6. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Space
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-2016-2017
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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.
82269 Geltendorf
Germany
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.