Objective Exacto created a new methodology to produce short-term traffic forecasts for road concessions, for each of the 365/366 days of following year (Day-by-Day). A prototype version of an informatics application was produced and was successfully tested in 2015/2016 on four road concessions. Exacto now aims to fine-tune this prototype and turn it into a high-quality informatics application (top app) to sell it to road concessionaires worldwide. The innovative achievement is the production of daily traffic (which boosts accuracy, as current methodology only produces monthly forecasts), and also using an app to do it. Potential users are road concessionaires, and three of them were already contacted, with a very positive response towards being future clients. They have also invested in support of our application to SME Instrument. The commercial potential is huge, as there are >5000 concessions around the globe (growing rapidly). The concept is to sell one top app for each concession, so that the concessionaire can produce its own traffic forecasts, with minimum technical support.If a 20% market share is achieved, revenue will be 10 M€/year (after year 5). Extending to public Transport and other areas, revenue can grow to several times.Main advantages of top-app are:- Clear monitoring of traffic (daily, instead of monthly)- Significant accuracy increase- Useful info for concessionaire (can reduce traffic congestion, help better dimensioning of daily services)- Inexpensive/efficient way of producing their own traffic forecasts (automatically updated).In Phase1 Exacto will carry out a feasibility study, including:• Validation of top-app features• Finetuning the prototype (to complete in Phase2)• Audit results (University of Lisbon)• Explore IP regime• Prove commercial viability (independent market study)• Draft Initial business plan• Program Phase 2 activities (work plan) Fields of science social sciencessocial geographytransporttransport planningsocial scienceseconomics and businessbusiness and managementcommerce 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) SMEInst-10-2016-2017 - Small business innovation research for Transport and Smart Cities Mobility Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator EXACTO-SOCIEDADE DE ESTUDOS E PLANEAMENTO LDA Net EU contribution € 50 000,00 Address Rua de gaza b17 3 andar 2775 576 Carcavelos Portugal See on map Region Continente Área Metropolitana de Lisboa Área Metropolitana de Lisboa Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00
