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Accelerating software development, empowering rapid innovation

Project description

First-of-its-kind automation tool cranks up speed in software development

Effective and rapid software development is crucial for competitiveness. However, the friction between back-end and front-end development is slowing down innovation in software development. DevOps tools largely help automate the software development process, but the number of talented programmers that can use them are limited. The EU-funded SYNCANO 2.0 project is supporting a Norway-based company in developing the world-first complete NoOps platform that utilises reusable building blocks code and automation tools to boost the innovation speed for software developers, software development companies and IT consulting firms. The new solution should reduce the time to market of new software and software features by 80 % and lower development costs by 70 %.

Objective

In a rapidly changing world, being the fastest to innovate is essential to stay ahead of competition. And since SW has become essential for any industrial process, effective and rapid SW development is increasingly recognised as crucial for achieving that competitiveness.
Development and Operations (DevOps) tools are useful because they enable each individual SW developer doing more as parts of the process are automated. This means market validation can be found faster and adapted faster with fewer resources. Still, finding adequate developers for leveraging the full potential of these tools is a challenge due to a growing and fragmented offer. Besides, today´s solutions do not integrate well enough with the development of the user experience part (frontend) and doesn’t offer the flexibility and speed required in modern tech innovation processes (fast development, rollbacks, etc.).
Syncano is a SW development platform that utilizes reusable building blocks code and automation tools to boost the innovation speed for SW developers, start-ups and enterprises, reaching 80% shorter time-to-market and 70% lower development costs compared to any other existing alternative. Since its first launch in 2015, our solution has evolved to become the fastest and most flexible DevOps tool in the world. The platform is developed by a highly tech-focused team in Norway and Poland, led by Nikolai Fasting - founder of over 17 companies, with several successful exits.
Our market opportunity is promising, since the market of DevOps tools is expected to reach €8.5 billion by 2023. 25% of Global 2000 organizations are employing DevOps tools for their daily activities and our targeted users are estimated at 20 million SW Developers worldwide. In this scenario, we expect to generate around €6.63 million turnover by 2023 (13 times higher than our estimated revenues for 2018) and an astonishing 34 new job positions.

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Programme(s)

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Topic(s)

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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

HYDRA MEDIA TECHNOLOGY AS
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
TORGGATA 13
0181 Oslo
Norway

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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
Norge Oslo og Viken Oslo
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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