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Vulnerability Search and Prevention through Holistic End-to-end Risk Evaluation

Objective

In the so-called ‘age of information’, information and communication systems (ICT) are the backbone of our digitalised society. Especially from an industrial perspective, we entrust our most delicate details to these tools and, logically, we demand the highest level of integrity and availability to avoid any eventual data loss, unavailability or, maybe more important, misuse. However, cyberattacks in EU are costing businesses around €38 billion/ year. How can we maximise our protection against these risks? Our company, Prosa Security, is developing V-SPHERE; a new solution for industrial cyber security that unveils and prevents vulnerabilities of any ICT system in a holistic way, i.e. covering all the development cycle and all company perspectives. Involving all the stakeholders in the security process, this unique approach has demonstrated to be 10 to 100 times more effective in detection than traditional methods, as well as to reduce by 3 the time allocated for quality and security assurance in SW development projects, resulting in saving from €45,000 to €300,000 per SW development project. The overall objectives of this project are: assessing the viability of V-SPHERE and building a solid business and operational plan (Phase 1); conducting the planned technical and commercial activities to prepare its commercialisation (Phase 2); and initiate the formal large scale commercialisation, seeking the promotion of V-SPHERE and the networking with financers (Phase 3). Our business opportunity is promising, with the European market of cybersecurity to reach €38.10 billion and the specific market of security testing solutions valued at €2.71 billion in 2022. The expected outcome of the project is estimated at €23.3 million by 2023, besides the creation of 27 job positions.

Fields of science (EuroSciVoc)

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

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-SMEInst-2016-2017

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Coordinator

PROSA SECURITY AS
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.

€ 50 000,00
Address
GAUSTADALLEEN 23 A
0373 Oslo
Norway

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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
Norge Oslo og Viken Oslo
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.

€ 71 429,00
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