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LowCostTracking

Low cost tracking and data management solution for biopharma cold chain logistics

Total Cost €

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EC-Contrib. €

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Partnership

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 LowCostTracking project word cloud

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

ultimately    deviations    clinic    refrigerated    company    building    25    reduce    commercial    globe    strictly    protect    revolutionizing    competitive    companies    expansion    manufacturers    globally    portfolio    roi    half    safety    meet    market    international    counterfeit    damages    influx    shipments    succesful    sharing    fto    integrity    pharma    50    position    tracking    chain    final    ready    provider    regulations    profitability    segment    biologics    phase1    demand    customer    compliance    gt    stems    partnered    blockbuster    monitor    tracker    regulatory    brand    apparent    patient    temperature    layered    oems    sabotage    data    models    container    reefer    efficient    functional    understand    fast    endanger    patent    benefits    stakeholders    landscape    counterfeiting    transmission    solution    drugs    safe    asset    environment    entry    feasibility    secure    trials    danish    economic    security    exists    visibility    global    pricing    outcome    tested    segments    logistics    analytics    niche    supply    hardware   

Project "LowCostTracking" data sheet

The following table provides information about the project.

Coordinator
GLOBE TRACKER INTERNATIONAL APS 

Organization address
address: STRANDGADE 91 4 FLOOR
city: KOBENHAVN K
postcode: 1401
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 Denmark [DK]
 Project website http://www.globetracker.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.4. (SOCIETAL CHALLENGES - Smart, Green And Integrated Transport)
2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2016
 Duration (year-month-day) from 2016-09-01   to  2016-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    GLOBE TRACKER INTERNATIONAL APS DK (KOBENHAVN K) coordinator 50˙000.00

Map

 Project objective

The Danish company Globe Tracker International (GT) is revolutionizing supply chain visibility and profitability as a leading provider of data sharing, data analytics and global asset tracking. GT has developed a fully functional hardware/data management system that is ready to be deployed globally and is currently being tested in commercial trials in the reefer market. GT has partnered with global OEMs, container manufacturers and data transmission companies to help commercial expansion. For this project, GT has identified the the pharma product delivery market as a high value segment in which demand exists but where its solution needs adaptation to meet customer and regulatory requirements. The demand stems from the need for safe, secure and efficient distribution of pharma products in a strictly controlled and refrigerated environment in order to protect the integrity of the drugs. Today temperature deviations endanger patient safety and increase costs. In addition, sabotage and counterfeiting damages safety and brand values. This need is especially apparent in the fast growing biologics market that already represents a third of blockbuster pharma shipments and over half of clinic trials. The feasibility study will (1) identify the most promising pharma market niche for entry that will ultimately open up growth into all other temperature/security/counterfeit relevant segments and (2) define the technical design for its final products to deliver the largest possible economic benefits to the supply chain. The feasibility study will help to understand how the multi-layered stakeholders need to be involved. GT will evaluate the competitive landscape, analyse pricing and ROI models and monitor its FTO position, while it is building a patent portfolio throughout Phase1 and Phase 2. The succesful outcome of the Phase II project will reduce product loss by 25%, reduce the influx of counterfeit by 50% and ensure compliance with recent EU and US logistics regulations.

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

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