CORDIS
EU research results

CORDIS

English EN

Earth Observation Value Adding Services – Earth Observation Design and Publishing Service

Project information

Grant agreement ID: 755899

Status

Closed project

  • Start date

    1 February 2017

  • End date

    31 January 2019

Funded under:

H2020-EU.2.1.6.

H2020-EU.2.3.1.

  • Overall budget:

    € 2 851 217,50

  • EU contribution

    € 1 995 852,25

Coordinated by:

SINERGISE LABORATORIJ ZA GEOGRAFSKEINFORMACIJSKE SISTEME DOO

Slovenia

Objective

The proposed project (hereafter: EO-VAS project) will RESHAPE Earth Observation Value Chain by BREAKING “DOWNSTREAM” component and significantly SIMPLIFYING development and delivery of Earth Observation Adding Value Services (hereafter: EO VAS).

Project foundation is built around SINERGISE’s award-winning (2016 Copernicus Masters Award) Sentinel Hub Operational Prototype (world-first engine for archiving, processing and distribution of Sentinel data) and GEOVILLE’s extensive set of processing algorithms (applied in over 100 existent EO VAS).

Main project delivery, EO-Toolset has an ambition to become:
- First virtual market place for EO VAS, introducing completely NEW BUSSINESS MODEL in the area of EO services = model, benefiting all participants in EO value chain - from data providers, through service providers to end-users.
- EO VAS innovation hub: fostering development of EO services, becoming a virtual meeting place for the exchange of new ideas and encouraging EO VAS experimenting
- Virtual business incubator for emerging earth-observation oriented start-ups, that lack the means to commercialise their EO services by themselves.
- Pre-processing engine for other EO domain services, helping them to reduce pre-processing costs and to turn their attention into domain expertise and higher quality of their products.

EO-VAS will focus on the agriculture and non-life insurance as high revenue entry markets, with the entire optical EO space industry application domain field as revenue market. Conservative investment ROI turning point is 2022 with project’s 15-year’s Net present value of almost € 11,2 MIO, Internal rate of return of 46%. Importantly, due to the setup of EO-VAS enabling customer processing capacities, an significant economic benefit is expected to the entire EO application market, with an estimated leverage effect of 30, putting the effective value of EO-VAS at € 336 MIO.
Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

SINERGISE LABORATORIJ ZA GEOGRAFSKEINFORMACIJSKE SISTEME DOO

Address

Cvetkova Ulica 29
1000 Ljubljana

Slovenia

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 1 103 987,50

Participants (1)

GEOVILLE INFORMATIONSSYSTEME UND DATENVERARBEITUNG GMBH

Austria

EU Contribution

€ 891 864,75

Project information

Grant agreement ID: 755899

Status

Closed project

  • Start date

    1 February 2017

  • End date

    31 January 2019

Funded under:

H2020-EU.2.1.6.

H2020-EU.2.3.1.

  • Overall budget:

    € 2 851 217,50

  • EU contribution

    € 1 995 852,25

Coordinated by:

SINERGISE LABORATORIJ ZA GEOGRAFSKEINFORMACIJSKE SISTEME DOO

Slovenia