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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.

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

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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