Objective
Hiotech is an innovative Swedish SME whose ambition is to solve a pressing logistics challenge – to make damages or losses to valuable cargo known to the stakeholders before the goods arrive, so that corrective measures could take place with least impact on manufacturing and supply chains.
Realizing that globally almost €90B worth of goods are mishandled or damaged every year, and that there are market segments with stringent requirements on transportation (such as industrial equipment parts or medical substances), Hiotech designed Cargo Beacon – a compact, ruggedized logger of temperature, humidity and shocks. Cargo Beacons are designed to be long-lasting, highly-reusable and low cost – with manufacturing costs at €10 they pose a serious competitive threat to existing loggers with less functionality and a price tag of €100-500.
Cargo Beacons communicate their measurements via a dedicated gateway that connects them to a cloud-based data services portal. These services provide additional analytics to the goods owners & recipients and logistics operators. These services include identification of damage cause, optimization of goods flows, reduction of bottlenecks and others. Cargo Beacons are currently on trial with Nefab Group – a packaging solutions OEM, with additional trials pending.
During the 6-month feasibility study, Hiotech will validate further the product/market fit of Cargo Beacons in industrial equipment and medical substances markets, and will seek endorsements of this technology from insurance companies that frequently need evidence that goods were transported in full compliance with signed contracts and no damage or wastage took place.
Fields of science
- engineering and technologycivil engineeringurban engineeringsmart cities
- natural sciencescomputer and information sciencesinternetinternet of things
- social scienceseconomics and businessbusiness and managementbusiness models
- medical and health sciencesbasic medicinepharmacology and pharmacypharmaceutical drugsvaccines
- engineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensors
Programme(s)
- H2020-EU.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport Main Programme
- H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
- H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
Topic(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
822 92 ALFTA
Sweden
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.