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TORUS PROJECT

HIGH PERFORMANCE COMMUNICATIONS FOR FINANCIAL SERVICES AND BIG DATA

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 TORUS PROJECT project word cloud

Explore the words cloud of the TORUS PROJECT project. It provides you a very rough idea of what is the project "TORUS PROJECT" about.

data    18    94    commercialization    thought    inefficient    acquire    talks    successful    bypass    proof    fastmpj    satellite    protocol    outcome    nasdaq    definitively    times    defense    market    universal    fundacion    servers    2014    strategy    big    secret    barrie    ago    communication    advantages    speed    feasibility    corunna    round    esa    ipr    sectors    receive    tcp    significantly    additionally    financial    incorporate    sockets    critical    24    competitive    reduce    companies    listed    patent    time    java    faster    commercialize    enter    licensing    2013    internet    fewer    space    weeks    power    1m    dna    players    multiple    biotech    perceive    trade    legacy    fuel    led    fast    instead    torus    university    tech    software    protocols    months    analytics    disruptive    computers    reduces    investment    images    multibillion    hours    industry    protected    online    services    sme    commercializing    instrument    clients    stage    4m    outperform    distribute    ip    mission    advertising    gaia    designed    2015    april    waiting    2011    supporting    interconnected   

Project "TORUS PROJECT" data sheet

The following table provides information about the project.

Coordinator		 TORUS SOFTWARE SOLUTIONS S.L. 

Organization address
address: CANTON GRANDE 9
city: A CORUNA
postcode: 15003
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Spain [ES]
 Project website http://www.torusware.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2014
 Duration (year-month-day) from 2014-11-01   to  2015-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TORUS SOFTWARE SOLUTIONS S.L. ES (A CORUNA) coordinator 50˙000.00

Map

 Project objective

The objective of this proposal is to receive funding and support for commercializing a set of disruptive high-speed communication protocols (IPR protected by patent and trade secret) which bypass the legacy and inefficient TCP/IP, the Internet protocol, designed 40 years ago. The technology is the result of 10 year R&D at University of A Corunna and the successful outcome of a Proof-of-Concept project (2011-2014) funded by Fundacion Barrie (0.5 M€ investment), which led to incorporate TORUS in April 2013 to further develop, commercialize and support the technology. TORUS has 3 products in the market (Java Fast Sockets, Universal Fast Sockets and FastMPJ) which are up to 40 times faster than TCP/IP. These products reduce significantly the time-to-results of critical software, providing significant competitive advantages in multiple sectors, particularly for financial services, real time Big Data analytics (with multiple applications, such as real time online advertising), biotech (supporting DNA processing in hours, instead of weeks), and defense/space (FastMPJ has reduced up to 94% the time to distribute satellite images of ESA’s Gaia Mission). Additionally, the technology reduces costs (power and software licensing) significantly, as fewer servers with TORUS outperform a higher number of servers interconnected via TCP/IP. The specific objectives of the feasibility study are: (1) acquire knowledge on how clients perceive TORUS value; (2) develop an effective go-to-market strategy; and (3) partner with key industry players (TORUS is in talks with two multibillion companies listed in NASDAQ). TORUS is about to rise 1M € for funding next commercialization steps during 2014-2015. A new round of 4M € is expected in 18-24 months, to definitively enter in the growth stage. SME Instrument would definitively fuel this high-tech disruptive European project. Our mission is to make servers respond faster than the speed of thought, no more waiting for computers!

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The information about "TORUS PROJECT" are provided by the European Opendata Portal: CORDIS opendata.

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