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ROMAD TrueProactive - a next generation cyber defence software for European SMEs

Objective

Modern society is increasingly dependent on electronic networks and information systems, but the evolution of ICT systems has also brought rapid growth of criminal activity that threatens citizens, businesses, governments and critical infrastructures. The cost of cybercrime reached €500B (2015) and continues to increase. Furthermore, according to EC Cybersecurity research ransomware attacks have increased by 300% since 2015. This situation with exponentially growing cybercrime numbers demonstrates that traditional antivirus protects only from KNOWN malware variants, but criminals are always one step ahead. This leaves the end users (mainly SME’s and home users) and thus European economy highly vulnerable. ROMAD Holding Ltd is a cyber security startup company originally founded in 2012 in Ukraine (registered in Cyprus). Our ground-breaking next generation endpoint defence platform will be the first able to address the burning needs of the industry. The key innovation of True Proactive™ lays on the concept of malware families and their immutable behavioral characteristics. Our platform genetically sequencing entire malware families, enabling proactively detect and block new strains. We aim at bringing Romad True Proactive™ to the market in 2021. Further testing and intensive development of core architecture, processing apparatus and the Genome database must be performed before commercialisation. During current (Phase 1) project we will re-evaluate the commercialization plan, incl. identifying target entry markets, identify most suitable distributors on each of entry markets, define strategy how to approach them.
Finally, based on our Initial business plan a business opportunity of €115M arises for ROMAD Holding Ltd. We plan to make cumulative profit of €46M and hire at least 40 new employees by the 5th year of commercialization. Our mission is to give TrueProactive™ v2.0 for free of charge to schools and universities.

Fields of science (EuroSciVoc)

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Programme(s)

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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.

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.

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.

(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

ROMAD HOLDING LTD
Net EU contribution

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.

€ 50 000,00
Address
KALLIPOLEOS 17 3RD FLOOR, OFFICE 303
1055 NICOSIA
Cyprus

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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
Total cost

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.

€ 71 429,00
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