Objective
The loss of production if critical machines break down are high for any company. Just a few examples: downtime for a packaging line costs €130/min., in the auto industry €19k/min., for a paper mill €210k per year and for a power plant can cost even €1.2M/GW year. According to 12% of SMEs in Europe the cost of production or labour is their biggest challenge, where maintenance related costs are estimated to be 25% of the overall operating costs.
Cassantec online prognostics software prognosticates future events to minimize equipment and plant downtime by improving predictive maintenance and reduces operating and maintenance costs (O&M) by 20%. The use of advanced stochastic data analysis of an asset/plant/fleet makes Cassentec superior to any existing solution. The software provides explicit time window, type of failure and failure localization in form of raw data, interim data and customized reports. Cassentec intends to offer this service to EU SMEs as first target clients. The feasibility assessment will develop a plan for product development and scale-up, identify the key industrial and market segments and strengthen the commercilization strategy, plan pilot demonstration and validation in collaboration with industry relevant partners, with an already established SME customer base in EU.
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 data science
- natural sciences computer and information sciences internet internet of things
- natural sciences computer and information sciences software
- social sciences economics and business business and management commerce e-commerce
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
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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-2016-2017
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.
10625 BERLIN
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.