Project description
In-car passenger monitoring system for increased safety
Car passenger safety is a pressing demand for car industries ahead of the introduction of the new generation vehicles in the market. The newly developed CAARESYS technology aims to reduce human involvement in technologically advanced cars and increase safety. The Israeli start-up has developed a vehicle passenger monitoring system based on contactless low-emission radio frequency radar. The EU-funded project CAARESYS will commercialise this solution and bring it to market in Europe. It will conduct a feasibility study to enrich the company’s knowledge of the international market environment and the potential risks its expansion could face. The project will also help the company improve its solution and accelerate its commercialisation.
Objective
CAARESYS is a privately held company founded in Israel with the vision of saving car passengers’ lives. The CAARESYS solution will connect passengers to the next generation of cars and minimize the effect of human factor to save thousands of lives. After successfully piloting the prototype version of CAARESYS technology, the team can confirm the capability of its breakthrough product to open new markets in Europe with the potential for rapid growth.
By pursuing the present feasibility study, the management team aims to improve its understanding of international market conditions and the associated risks that need to be considered as the company develops a deeper business plan for rolling out, and scaling up CAARESYS as a marketable innovative solution. SME Instrument Phase-1 and Phase-2 will be extremely beneficial in helping the company to accelerate development and market penetration of the solution in target segments, boosting the company’s growth to 40 employees and € 55,000,000 revenues by 2025.
Fields of science
- engineering and technologyelectrical engineering, electronic engineering, information engineeringinformation engineeringtelecommunicationsradio technologyradio frequency
- agricultural sciencesanimal and dairy sciencedomestic animals
- engineering and technologyelectrical engineering, electronic engineering, information engineeringinformation engineeringtelecommunicationsradio technologyradar
- social sciencespsychologyergonomics
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
4250537 NETANYA
Israel
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.