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HitSeed application for the Horizon 2020 dedicated SME Instrument - Phase 1 2014. September 2014.

Total Cost €


EC-Contrib. €






 HitSeedSME-1-09-14 project word cloud

Explore the words cloud of the HitSeedSME-1-09-14 project. It provides you a very rough idea of what is the project "HitSeedSME-1-09-14" about.

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Project "HitSeedSME-1-09-14" data sheet

The following table provides information about the project.


Organization address
address: HANIKKA 39B
city: ESPOO
postcode: 2360
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 Finland [FI]
 Project website
 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 2014-12-01   to  2015-05-31


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    HITSEED OY FI (ESPOO) coordinator 50˙000.00


 Project objective

'HitSeed is conducting a feasibility study on their revolutionary Internet of Things (IoT) platform, which includes hardware, software, industrial design and software development tools. The platform is technologically novel, as it combines modern microcontroller-based hardware with touch display and graphical user interface providing unprecedented customer benefits, like low power consumption and significantly reduced unit cost. Most importantly, the IoT platform is disruptive, as it brings development costs down to completely new levels and shortens the IoT deployment time-to-market from 1-2 years to months or weeks while simultaneously reducing the risk level. It also allows the expansion of IoT solutions to domains that have not been feasible before, including e.g. mobile, 'fire-and-forget' type of IoT sensor and monitoring devices. There is a clear customer need for our platform as many companies in Europe and globally struggle with finding a proper solution for their IoT needs or need to accelerate their product development to stay competitive. Potential customers vary from small startups developing consumer IoT products in various domains like household appliances or wellbeing to large enterprises needing a tested HW platform to boost their own product development e.g. for industrial clients. We estimate that the commercial potential for IoT devices based on our platform is 38 MEUR in 2017 with indirect impact being in the range of 600 new jobs in Europe, increased competitiveness of European industry, and an estimated customer value add of over 300 MEUR. During the feasibility study we are planning to do an IoT opportunity identification, build a business plan, develop a minimum viable product for IoT including an industrial design, as well prepare to pilot the solution with a first customer. The outcome of the study is a clear plan for the next steps including potential application for the phase 2 of the Horizon 2020 dedicated SME instrument funding'

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The information about "HITSEEDSME-1-09-14" are provided by the European Opendata Portal: CORDIS opendata.

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