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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.

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

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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