Project description
Compact, affordable wireless charging technology could soon be charging smart home devices
Wireless charging technologies have been around for many years aiming to eliminate the use of cables in everything from smartphones to kitchen appliances and cars. The EU-funded Aladyn System Ph1 project is developing the first compact, cost-effective and safe power source that could charge all our devices at home such as our phones and even our TV. The technology, which relies on magnetic resonance coupling, will be modular and easy to install, providing more versatility compared to state-of-the-art solutions. Following its business plan, Spain-based company Aladyn System aims to produce nearly 17 000 units during the first year of the project execution and 60 000 by project completion.
Objective
To date, cable installations have dominated our way of understanding the electricity supply, but there are specific places where an electrical wiring is costly and difficult to install. Batteries and alternatives based on electromagnetic induction are presented as a portable solution that avoid the use of cables, yet they are not able to meet the demanding power
requirements for most of devices. Aladyn System aims at launching to the market a novel wireless power technology based on magnetic resonance. This compact power source is easy to install and modular providing a great versatility versus other power alternatives. With that aim, we have developed a wireless power prototype, which complies with standards and we are in contact with lighting sector companies to guarantee our solution production. However, we still need to carry out full operational test to achieve the necessary certifications to be able to commercialize Aladyn, along with the design of a miniaturized Aladyn version. In order to guarantee our presence into the market we also need to forge commercial agreements with other strategic companies and potential clients as well as several dissemination and exploitation activities as attending specialized lighting and technology fairs and conferences. The market for Aladyn system is the wireless power market which was valued at € 2.5 bn in 2016 and its forecast is to grow at at a CAGR of 23.15% between 2017 and 2022. Following our business plan, we are going to produce near 17,000 units during the first year, achieving 60,000 units by the last year. In order to accomplish our goal, we have planned an investment of € 1 Million for the Aladyn project attainment. Based on the profitability of the project and assuming an average price of 100 € for each basic kit, we expect a cumulative revenue of €11.1 M by the third year, meaning a cumulative cash flow of € 9.2 M which considering a 3-years forecast will give us a ROI of 347%.
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 internet of things
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications mobile phones
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications radio technology
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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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-EIC-SMEInst-2018-2020
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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.
47008 VALLADOLID
Spain
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.