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iLifebuoy SIGNED

iLifebuoy - saving human lives without endangering the lives of savers

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

iLifebuoy project word cloud

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

qualified dogs lives 7 provides sea time identifies collaborative yoy 27m 3rd 87 industry 2024 activates conservative propulsion saving saves watercrafts pound situations lifebuoy pin receives leisure lifeguards remote video lifebuoys seafaring tracer lifesaving 16 waterjet location ilifebuoy risks distress save 3m emits channel autonomously mob tam overboard 3 water carg minutes sends lifeguard gps trading man business assumptions bernard estimates robotized finds eliminates signal life novelty obtainable jobs indicate create demand deploy estimate 03 enter rivers until break drowning input introduction penetration coordinates units robot mayday competitors point realise sensors aquatic addressable ebitda market sailing first uses primary situation sonar audio entering total human turn person autonomous shipping st advantages

Project "iLifebuoy" data sheet

The following table provides information about the project.

Coordinator	MARINE PV TECHNOLOGIES LTD Organization address address: 501 RIDDLE COURT 6 BILLINGHURST WAY city: LONDON postcode: SE10 0NS 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	United Kingdom [UK]
Project website	http://ifebuoy.eu
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-1
Funding Scheme	SME-1
Starting year	2019
Duration (year-month-day)	from 2019-03-01 to 2019-06-30

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	MARINE PV TECHNOLOGIES LTD MARINE PV TECHNOLOGIES LTD Organization address address: 501 RIDDLE COURT 6 BILLINGHURST WAY city: LONDON postcode: SE10 0NS 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.	UK (LONDON)	coordinator	50˙000.00

Map

Project objective

The objective of our business project is to help save human lives by entering the aquatic lifesaving equipment market for lifebuoys. The recent growth of the shipping and leisure sailing (wider seafaring) industry has in turn increased the risks and number of Man Overboard (MOB) situations leading to drowning at sea and rivers. Expected product - ‘iLifebuoy’ is an autonomous robotized lifebuoy that eliminates the challenges associated with the traditional life saving devices. Like the St. Bernard dogs, iLifebuoy autonomously finds & reaches the person and provides them first support. The novelty - it is not a remote-controlled lifebuoy- it is a collaborative robot. iLifebuoy is a fully autonomous tracer, but it receives (video) input from a human. It uses three different built-in sensors (audio, video and sonar) to pin-point the location of MOB in water, then activates a waterjet propulsion to reach and provide support to the MOB within less than a 2 minutes! iLifebuoy further sends a MAYDAY signal to channel 16 and emits the GPS coordinates of the MOB. The advantages over all competitors – iLifebuoy saves crucial time in a MOB situation since: a) it does not require a qualified lifeguard to be around - the first person who identifies the MOB can directly deploy the iLifebuoy in the water; b) it effectively eliminates the need for lifeguards to enter the water and reach the person in distress. Our Primary market for product introduction will be watercrafts. Conservative estimates of the ‘addressable/obtainable market’ (only 6.3% of the Total Available Market (TAM) indicate potential demand for 1.3M units growing at a CARG 5.7% YoY until 2024. Based on very conservative assumptions for production and market penetration we expect to reach 2.03% of the ‘obtainable market’, create 87 new jobs and realise £27M of EBITDA by our 3rd year of trading. We estimate to break even after 1.5 years.

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

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