Project description
Sounds like we have a winner: an innovative acoustic chemometer for industry
Process monitoring and control enhances quality and reduces the time and costs of industrial production. Analysis of the properties of fluids with suspended particles in pipes and tanks is relevant to major industries with very different products including paper and pulp, pharmaceutical, food processing and wastewater treatment. Available technology faces important challenges to non-invasive, continuous and real-time process control. The Swedish SME ACOSENSE has developed a novel online acoustic spectroscopy device, ACOspector, to analyse complex fluids previously difficult or impossible to monitor. The EU-funded ACOSPECTOR project is supporting the team’s business innovation, enabling them to fine-tune the patented technology and evaluate its feasibility and commercial potential.
Objective
The pressing need of EU process industry to remain competitive requires reducing production cost whilst increasing product quality and regulatory compliance. This is driving control of procedures and automation. For process industry, reliable and immediately available information of fluid properties is of utmost importance. Additionally, the need for reducing operation downtime and increasing safety is demanding non-invasive solutions. At present, no solutions exist that are able to address all these needs.
We, Acosense, have developed the first acoustic chemometer, to analyse fluid properties in pipes or tanks that were previously considered difficult or impossible. It is based on the fact that sound is altered on its way through the fluid by complex acoustic damping. Its USP are non-invasive, real-time and continuous analysis and access to previously missing information, enabling savings in the range of €k or €M. The technology is patented and its development supported by several investors, public sector and research partners.
ACOspector customers are process industries, including pulp and paper mills, chemical industry, food factories or waste water plants. We have already deployed +25 pilot installations in the pulp and paper industry in Sweden and Norway mostly. We have received interest from further clients in the chemical industry within Europe and overseas.
Our main goal is to develop a solution that addresses all relevant properties for all processing industries. Standardization is key, since modelization is currently a very lengthy process that is limiting our scalability. Our vision is to make the inherent information in processes available.
ACOspector business model includes a direct sale plus O&M service, and leasing. We expect profits in the margin of 40%. We estimate that by year 3 after Phase 2, a total sale of 1060 units resulting in €35M of accumulated revenues, generates more than 20 new full-time positions and accumulate profits of €14M.
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 physical sciences acoustics
- engineering and technology chemical engineering chemical process engineering
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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.
411 01 GOTEBORG
Sweden
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.