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A Software-defined Edge Computing Solution

Project description

Novel edge computing platform that goes easy on the pocket as well as its users

In recent years, companies focusing on the gaming, Internet of Things, social networking and telecommunication industries have flourished. They have been pursuing strategies involving mainly the development and production of new and improved services and capabilities, which have latency as their key factor. Despite this push forward, many of these companies do not have a platform to effectively deploy their applications and they cannot afford to create and maintain one. The EU-funded ONEedge project aims to develop and provide an innovative software-defined platform that will be able to host and provide resources and help to its users and devices.

Objective

So many companies now, both long-established and newly emerging, from multiple industries like gaming, the Internet of Things (IoT), social networking and telecommunications, are focusing their business strategies on being able to provide innovative services and capabilities where latency is the key factor for quality of experience. Yet, despite the urgent need to define the foundational platform to deliver services at the network edge, at present, the companies that are developing next-generation solutions simply do not have a viable and cost-effective platform on which their low latency applications can become mainstream. Existing edge platform solutions require building and maintaining extremely heavy, expensive and complex deployments. Our innovative product, ONEedge, will provide an automated software-defined platform to build private edge computing platforms based on resources leased on demand in close proximity to the users and devices. A first prototyped version of the product is publicly available, and has been successfully demonstrated in several industrially relevant environments. We have existing customers interested in using this innovative product. The aim of this project is to bring ONEedge to industrial readiness and maturity for market introduction. ONEedge is targeting an untapped business opportunity, estimated at $2.0 billion by 2022 and expanding at a CAGR of 115%, by using an easy-to-adopt innovative business model fully based on open-source software and support subscriptions. OpenNebula Systems is an international business with a 23% compound annual growth rate in the last 4 years and seasoned experience in developing and bringing to market open-source enterprise products. Our conservative financial projection for the project shows a 50% Internal Rate of Return (IRR) in 5 years, and a €22m cumulative turnover and the creation of 69 new jobs during the first 3 years after the commercialization of the innovative product.

Call for proposal

H2020-EIC-SMEInst-2018-2020

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Sub call

H2020-SMEInst-2018-2020-2

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Coordinator

OPENNEBULA SYSTEMS SL
Net EU contribution
€ 1 500 614,50
Address
Paseo del club deportivo 1 edif 4 planta 1a parque empresarial la finca pozuelo de alarcon
28223 Pozuelo de alarcon
Spain

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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
Comunidad de Madrid Comunidad de Madrid Madrid
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Other funding
€ 643 120,50