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Provizio Accident Prevention Technology™ Platform

Project description

Cutting-edge technology to reduce road accidents

Each year, 50 million people are injured and 1.35 million people lose their lives in car accidents, 90 % of which are caused by human error. Unfortunately, despite the billions spent on advanced driver-assistance systems, there is still an urgent need to find new ways to increase road safety. The EU funded P-APT project proposes a radical, game-changing solution, thanks to development of the Provizio Accident Prevention Technnology™ (APT) Platform. It will offer cutting-edge technology that combines proprietary vision sensors with machine learning (for further, wider vision that can also see through obstacles). It detects danger in all-weather conditions and applies predictive analytics in real time, to enhance driver behaviour. P-APT will effectively help drivers avoid crashes and reduce casualties on roads.

Objective

Provizio is radically transforming vehicle safety with our proprietary Accident Prevention Technology (APT) platform.

Human error is the fault in 90% of car accidents. Over 1.35 million people are killed every year on the road (equivalent to 20
airplane crashes every single day) + 50 million injuries [World Health Organisation] = a cost USD $24 trillion (2%+ of
worldwide GDP) [International Road Assessment Programme, iRAP] . More than $80 billion has been invested in ADAS over
the last 5 years [Brookings Institute]…with zero impact on road deaths.

Provizio was founded by a team of automotive and aerospace industry veterans with a mission to use advanced technology
to reduce the devastation caused by road accidents. Our skill sets include entrepreneurship, scaling start-ups to exit, VC
fund raising, building strong defensible IP portfolios as well as an enviable track record in developing the most advanced
technology in automotive radar.

This proposal outlines the further development of the APT Platform. APT combines proprietary vision sensors and machine
learning to see further, wider and through obstacles, detecting danger in all-weather conditions and applying predictive
analytics in real time to augment driver behaviour…and prevent accidents.

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Programme(s)

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Topic(s)

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Funding Scheme

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SME - SME instrument

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Call for proposal

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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Coordinator

PROVIZIO LIMITED
Net EU contribution

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.

€ 2 499 962,50
Address
THE GALLERY 13 BEDFORD ROW
V94 VY47 LIMERICK
Ireland

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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
Ireland Southern Mid-West
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 3 571 375,00
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