Objective
Nowadays, individuals and businesses are more concerned about privacy and security than in the past and demand more secure and reliable products and services. Moreover, on May 25 2018, a new European privacy regulation, the General Data Protection Regulation (GDPR), will come into effect. This regulation will be implemented in all local privacy laws across the entire EU region and it will apply to all companies selling to and storing personal information about citizens in Europe. To achieve GDPR compliance, organisations will have to secure all communication channels (email, chat, data sharing) with customers, for which end-to-end encryption will play a key role. In such a scenario, companies have no choice than quickly adapt their data protection procedures and acquire technology that complies with the new regulation.
ProtonSuite will is the first cloud-based cybersecure collaboration platform that provides users with end-to-end secure communication channels and collaboration tools. The platform is built following the essence of privacy by design, which means that privacy is taken into account from the inception of the product concept. Furthermore, the solution goes even further and tackles the biggest problem that is preventing the encryption to reach the mass audience: key distribution and key authentication.
Our aim is to bring to the market ProtonSuite in 2020 with a clear vision in mind: democratize data privacy and security. Our commercial success will be based on our ability to up-sale the product to our existing customer base, attract new customers and foster our collaboration with open source community (GitHub, OpenPGP) and universities (EPFL, MIT), which are acting as our prominent evangelists.
After the completion of the project, with the product commercialization we will achieve a forecasted cumulative revenue of € 98 Million. Considering the funding for phase 2 (1.8M €), we forecast a R.O.I of 6.9 (2020-2024) while payback will be reached in 2021.
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.
- natural sciences computer and information sciences internet
- natural sciences computer and information sciences computer security data protection
- natural sciences computer and information sciences computer security cryptography
- natural sciences computer and information sciences computer security network security
- social sciences law
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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.3.7. - Secure societies - Protecting freedom and security of Europe and its citizens
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-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.
1228 PLAN LES OUATES
Switzerland
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.