Objective
Hoxy Tronic Ltd aim to commercialise HoxyTronicTM, a retro-fit device capable of controlling the amperage of Oxyhydrogen into the engine, enabling optimal fuel savings and reductions in NOx and particulate matter emissions. With an average automobile age of 9.7 years in Europe, the system has been designed to be easily retro-fit to engines of all ages, for use in both the automotive and shipping sectors. HoxyTronicTM helps to meet EU regulations surrounding pollutants such as CO2, NOx and particulate matter, with the technology already showing a 7-10% fuel saving, measured at 60mph. In addition, a reduction of NOx and particulate matter of 50-80% depending on the engine type, size and fuel type used has already been achieved through testing via an independent third party.
With demonstrations validating the technology at TRL 6, the objective of the Phase 1 feasibility study is to allow Hoxy Tronic to compare the technical work already undertaken, with a clear exploitation plan and strategy. During this feasibility study risk evaluation, focused market studies, intellectual property assessment and business planning will be completed in order to launch HoxyTronicTM into the market.
The product will be initially launched into the automotive industry, with the long term goal of also entering the shipping sector. Current estimates show there are approximately 260 million automobiles on the roads in Europe, representing a vast market in which to the HoxyTronicTM system is suitable for. Current projections for Hoxy Tronic show the commercialisation of the system will create €7.25 million turnover and 14 new jobs directly within the company by 2024. We predict this will translate into a cumulative profit of €2.5 million over 5 years.
We strongly believe that the SME Instrument will significantly aid the commercialisation of HoxyTronicTM and reduce the time needed to enter the market.
Fields of science (EuroSciVoc)
- engineering and technology mechanical engineering vehicle engineering automotive engineering
- engineering and technology environmental engineering air pollution engineering
- natural sciences earth and related environmental sciences environmental sciences pollution
- engineering and technology environmental engineering energy and fuels
- engineering and technology mechanical engineering vehicle engineering naval engineering sea vessels
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
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
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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.
BS8 2AG BRISTOL
United Kingdom
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.