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iLifebuoy SIGNED

iLifebuoy - saving human lives without endangering the lives of savers

Total Cost €

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EC-Contrib. €

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Partnership

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 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.

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