H2020 SME Instrument funding for Industrial Internet of Things

H2020 SME Instrument funding for Industrial Internet of Things

10-02-16

The Internet of Things (IoT) is foreseen to enable revolutionary change, making the physical world as economically liquid, personalized and efficient as the digital one. The Industrial Internet of Things (IIoT) – IoT in industrial applications – will arguably be the biggest driver of productivity and growth in the next decade, forecasted to add up to US$14.2trillion to the global economy by 2030.

Bosolog Aps has developed a smart solution that targets existing, unmet needs in the IIoT booming market – an innovative system for real time monitoring of business critical and/or valuable equipment from the manufacturer to the end-user, both during storage transportation, and at the user site. This innovative concept encompasses elements such as: Fully automated business logics, accurate mapping; real-time monitoring of several parameters and personal alerting by exceptions; proactive maintenance; and support to tactical and operational decision-making.

Innovayt worked closely with the Danish company Bososlog with the presentation of a proposal to the Horizon 2020 – SME Innovation Instrument, which was approved for funding.

Jesper Jacobsen from Bosolog comments on Innovayt’s work: “Innovayt did a fantastic job in all aspects of the application process - understanding the requirements of the application process and thus adding the relevant resources, understanding our business and providing the knowledge to conduct a report with enough quality to be one of 3% being selected. In the aftermath Innovayt have offered invaluable assistance in providing the requested documentation to the European Commission”.

For more information contact Debora Ferreira