Vision enhanced RTK: Deep integration of Real Time Kinematics (RTK) GNSS Positioning and Computer Vision

Informations projet

VRTK

N° de convention de subvention: 869017

DOI

10.3030/869017

Projet clôturé

Date de signature de la CE 6 Mai 2019

Date de début 1 Mai 2019

Date de fin 31 Août 2019

Financé au titre de

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Coût total

€ 71 429,00

Contribution de l’UE

€ 50 000,00

Coordonné par

FIXPOSITION AG
Switzerland

Periodic Reporting for period 1 - VRTK (Vision enhanced RTK: Deep integration of Real Time Kinematics (RTK) GNSS Positioning and Computer Vision)

Période du rapport: 2019-05-01 au 2019-08-31

Résumé du contexte et des objectifs généraux du projet

VRTK is an answer to the lacks in the navigation and positioning systems currently available in the market:
Inertial with GNSS solutions have update rates is 10 times lower than VRTK’s, reliability is far inferior, they will not work properly when GNSS signal is lost (unlike VRTK), cannot incorporate neither data integrity validation nor motion planning, and the price of acceptable quality devices are over 3 times more expensive.
As for visual navigation solutions, there are hardly any products available on the market, and even if the potential competitors reached the market far earlier than expected, they would not be able to compete with VRTK: their accuracy is only relative and can vary from cm to m in magnitude, the solution rate is 4 times less than VRTK’s, they have low reliability, and the price can be up to 2 times higher than VRTK.
Therefore, the focus of Fixposition is on the final development of VRTK: Vision-enhanced Real Time Kinematics, which addresses the need of the markets for an affordable navigation system with high reliability, high precision, and low latency.

Travail effectué depuis le début du projet jusqu’à la fin de la période considérée dans le rapport et principaux résultats atteints jusqu’à présent

The Feasibility Report has planned the steps for VRTK to be commercialized making use of the EIC Accelerator:
Technological viability has been confirmed, with a clear roadmap to reach Technology Readiness Level 9 presented, and technological risks identified and adequately planned for.
Commercial feasibility was also ratified, with the multiple market segments available for VRTK identified, evaluated and dates of entry to ensure commercial success planned, accounting for regulations and market barriers, as well as the mapping of our supply-chain and dissemination opportunities.
The Financial feasibility work has mapped the break-even date for 2024, and Return on Investment as high as 30.5 by 2026 through revenue from the selected markets.
A round of private investment has already been opened, with the private funds required to reach TRL 8 with the EIC Accelerator already ensured, and projected funds which would ensure VRTK’s development up to TRL 9 in due time after the EIC Accelerator were finished.

Progrès au-delà de l’état des connaissances et impact potentiel prévu (y compris l’impact socio-économique et les conséquences sociétales plus larges du projet jusqu’à présent)

Our product, VRTK, will first be a big improvement of current positioning solutions, and in the near future, it will be a further enabler for the growing trend of automatization and autonomy in drones, robots and cars, with our advantages in high precision and high reliability making any potential future accidents far less likely, as we will rule out positioning issues.

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