Objective
Oceanvolt has been growing with a CAGR of +475% during the last six years, the company aims to 60M€ annual revenue
and to employ several hundred by the 2020. Oceanvolt’s products comprise a range patented marine electric motors, 24/7
remote management and monitoring services and hybrid propulsion solutions. These have already been successfully
delivered to about 200 sailboats in 26 countries globally making it the undisputed market leader.
There are approximately 1.5 million boats with small and medium diesel engines. Oceanvolt can replace the engines with
electric propulsion technology that is free of greenhouse emissions, lightweight, reliable and maintenance free. A key
rationale for businesses is the lower the Total Cost of Ownership of boats with electric propulsion due to decreasing
maintenance expenses, higher efficiency of electrical engines, thus directly affecting the cost of transportation and boosting
competiveness. The environmental effect of this transformation is significant as it would reduce yearly CO2 emissions up to
607 000 tons in early phases alone.
The objective of the SME Phase 1 project is to conduct a feasibility study to investigate further suitable markets for
Oceanvolt electric propulsion technology beyond the current market in sailboats. New significant market potential could be
found in small passenger boats, workboats and submersibles. Also there could be potential for licensing Oceanvolt’s
technology.
The aim of the SME Phase 1 is to find 2-3 markets which have significant growth potential and which could be addressed
directly with existing products or with minor modifications. The outcome includes a specific go-to-market plan, legal and
regulatory landscape and freedom-to-operate analysis. The target is to have sales in the new markets in 12-18 months from
the start of SME Phase 1.
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.
- engineering and technology environmental engineering energy and fuels liquid fuels
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences social geography transport electric vehicles
- engineering and technology mechanical engineering vehicle engineering automotive engineering
- natural sciences earth and related environmental sciences environmental sciences pollution
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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.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport
MAIN PROGRAMME
See all projects funded under this programme -
H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
See all projects funded under this programme -
H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
See all projects funded under this programme
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.
01610 VANTAA
Finland
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.