Objective
The proposed project (hereafter: EO-VAS project) will RESHAPE Earth Observation Value Chain by BREAKING “DOWNSTREAM” component and significantly SIMPLIFYING development and delivery of Earth Observation Adding Value Services (hereafter: EO VAS).
Project foundation is built around SINERGISE’s award-winning (2016 Copernicus Masters Award) Sentinel Hub Operational Prototype (world-first engine for archiving, processing and distribution of Sentinel data) and GEOVILLE’s extensive set of processing algorithms (applied in over 100 existent EO VAS).
Main project delivery, EO-Toolset has an ambition to become:
- First virtual market place for EO VAS, introducing completely NEW BUSSINESS MODEL in the area of EO services = model, benefiting all participants in EO value chain - from data providers, through service providers to end-users.
- EO VAS innovation hub: fostering development of EO services, becoming a virtual meeting place for the exchange of new ideas and encouraging EO VAS experimenting
- Virtual business incubator for emerging earth-observation oriented start-ups, that lack the means to commercialise their EO services by themselves.
- Pre-processing engine for other EO domain services, helping them to reduce pre-processing costs and to turn their attention into domain expertise and higher quality of their products.
EO-VAS will focus on the agriculture and non-life insurance as high revenue entry markets, with the entire optical EO space industry application domain field as revenue market. Conservative investment ROI turning point is 2022 with project’s 15-year’s Net present value of almost € 11,2 MIO, Internal rate of return of 46%. Importantly, due to the setup of EO-VAS enabling customer processing capacities, an significant economic benefit is expected to the entire EO application market, with an estimated leverage effect of 30, putting the effective value of EO-VAS at € 336 MIO.
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.
- social sciences economics and business business and management innovation management
- agricultural sciences agriculture, forestry, and fisheries agriculture
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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-2 - SME instrument phase 2
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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.
1000 Ljubljana
Slovenia
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.