Guided Data-Driven Safety at Sea

Informazioni relative al progetto

SAFEWAVE

ID dell’accordo di sovvenzione: 854448

DOI

10.3030/854448

Progetto chiuso

Data della firma CE 23 Gennaio 2019

Data di avvio 1 Febbraio 2019

Data di completamento 31 Maggio 2019

Finanziato da

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

HAFTECH EHF
Iceland

Periodic Reporting for period 1 - SAFEWAVE (Guided Data-Driven Safety at Sea)

Periodo di rendicontazione: 2019-02-01 al 2019-05-31

Sintesi del contesto e degli obiettivi generali del progetto

People are injured annually in recreational boating accidents worldwide surmounts over 355,000. Most of these accidents are related to wave-slamming. Technologies to mitigate injuries are insufficient to fully protect crew and passengers, as 96% of accidents are related to human errors with regards to misjudgement of environmental conditions and appropriate speed. Safewave is a guiding data driven system that uses current and historical voyage information to make intelligent predictions of potential hazards ahead. The output is presented visually, via screen or goggles, and through sound and vibration instruments and alarms, triggered when hazard levels are surpassed, allowing operators to make data-driven decisions.
This phase 1 project has the objectives of judging the feasibility of the technical requirements necessary to take Safewave to the market and analyse the data about user feedback and costs of the components. Furthermore, the commercial and marketing strategy, the supply chain and key customers will be assessed. Finally we will evaluate the financial viability by carrying out a scenario analysis of the financial projections.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

We defined the technical activities to be carried out, we analyzed related technical risks and proposed mitigation and contingency measures. We have already contacted some customers for user feedback and have listed gathered contacts for further feedback and possible inclusion in the pilot survey. We have analyzed the costs of the components of our solution.
Apart we evaluated updated our market study and revised our marketing and commercialization strategy taking into account the channels we plan to use for commercialization. We analyzed different scenario for the financial forecast and conclude that the project is viable even under a less favourable scenario.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

Our market is vast in size and presents opportunities and trends that favour Safewave. Forecasts estimate sensible growth in market size and an increase in the adoption and demand of technological improvements and advancements. We estimate a growth of 183% in the period 2019 to 2023 and a similar increase in gross profit.

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