Objective Cimco Marine AB aims to pursue a major business opportunity by commercializing an innovative diesel outboard series, named “OXE” with superior USPs and high ROI. The product is based on an efficient automotive motor in combination with a revolutionary patented “Belt Propulsor Unit”, curbing the diesel motor´s torque (not possible before).The main advantages of OXE are: 30-45% fuel savings (cheaper operation, less emission and increased range); reliability (less break-downs) and durability (20 times longer life-expectancy). With no similar products on the market the primary goal for OXE is to replace current fuel consuming, high emission gasoline outboards (150-400 HP) in the governmental, commercial and recreational craft marine market world-wide.120 000 outboard units are sold annually (€ 1,5 billion). Cimco´s goal is to supply 10% of the commercial market by 2020. A moderate estimation due to the expected demand and benefits.The project is a perfect match to IT-2014/15 as it addresses challenges such as improving transportation, mobility and environment in parallel with accelerating growth, leadership and creating new job in Europe. The overall objective of the GEO (Green Efficient Outboard) project is to overcome pre-commercial barriers in order to launch OXE in 2017.The objectives in this feasibility study will include e.g. improved business plan, IP strategy, distributor and production partner evaluation, technology risk reduction and a project plan to complete and demonstrate OXE (in phase 2). Cimco will execute the project in cooperation with their active owners (having vast expertise in expanding SME´s and Marine transport) and chosen 3rd parties well suited to support this project in a successful way. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsliquid fuelsnatural scienceschemical sciencesorganic chemistryhydrocarbonsengineering and technologyenvironmental engineeringair pollution engineeringsocial sciencessocial geographytransport Programme(s) H2020-EU.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) IT-1-2015-1 - Small business innovation research for Transport Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2015 Funding Scheme SME-1 - SME instrument phase 1 Coordinator CIMCO MARINE AB Net EU contribution € 50 000,00 Address Metallgatan 19 a 26272 Angelholm Sweden See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Södra Sverige Sydsverige Skåne län Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00