Objective The reasoning which emerges the need for creating WindiBox is to effectively tackle the existence of limited wind turbine applicability for wind energy generation in buildings on a global scale. There is an obvious technological gap in the market, covering the exploitation of low speed air flows, especially in urban environments and areas where the dynamics of air are low and do not allow the installation of common wind turbines. According to the requirements imposed by the Energy Performance of Buildings Directive all new buildings must be nearly zero-energy by the end of 2020. All new public buildings must be nearly zero-energy by 2018. The WindiBox device is comprised of a vertical axis wind turbine, enclosed inside a box-shaped, convergent-divergent casing (diffusers). This casing has been proven to augment the rotational speed of the wind turbine by a factor of at least 2.5 compared to a stand-alone turbine and additionally, enhancing its power output by at least 3 times. WindiBox size of 1m height – 2.5m width – 4m length offers power outputs ranging from 2700-3400kWh annually for wind speed 5m/s. The casing is also utilized to act as an environmental shield for minimal noise and vibration emissions since its extended surface area can be exploited for the addition of insulation. WindiBox overcomes the technological limitations of existing solutions in the market as well as the targeted milestones for CO2 emissions imposed by the European Union. What differentiates WindiBox from the competition is that it offers an unparalleled cost-effective solution of ROI less than 4.5 years for 5m/s with exceptional performance characteristics, disrupting the existing market of renewables. Our goal is to bring the WindiBox solution to market, after preparing an elaborate business plan. According to our initial plan, within 5 years from WindiBox commercialization, revenues will reach an annual total of approximately 19.2 million euros and net profits estimated at 30%. Fields of science social scienceseconomics and businessbusiness and managementbusiness modelsengineering and technologyenvironmental engineeringenergy and fuelsrenewable energywind powernatural sciencesbiological sciencesecologyecosystemsnatural sciencesmathematicspure mathematicsgeometryengineering and technologymechanical engineeringvehicle engineeringaerospace engineeringaeronautical engineering Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator INTROFOC LTD Net EU contribution € 50 000,00 Address AGIAS ELENIS 6, AGIAS ELENIS BUILDING, 4TH FLOOR, 2060 NICOSIA Cyprus See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Κύπρος Κύπρος Κύπρος 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 Total cost € 71 429,00