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ONEedge SIGNED

A Software-defined Edge Computing Solution

Total Cost €

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EC-Contrib. €

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Partnership

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 ONEedge project word cloud

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

business    things    23    first    simply    industries    generation    newly    creation    expanding    market    latency    software    platform    innovative    telecommunications    foundational    cumulative    expensive    untapped    version    billion    proximity    conservative    quality    50    environments    commercialization       extremely    heavy    turnover    opportunity    internet    despite    edge    computing    building    annual    compound    22m    return    successfully    enterprise    strategies    oneedge    seasoned    companies    publicly    customers    readiness    2022    demonstrated    network    financial    social    mainstream    subscriptions    69    so    source    prototyped    projection    urgent    introduction    automated    solutions    industrial    international    private    cagr    maturity    platforms    close    rate    multiple    deployments    industrially    model    services    opennebula    internal    last    irr    shows    gaming    networking    jobs    leased    115    demand    maintaining    iot   

Project "ONEedge" data sheet

The following table provides information about the project.

Coordinator
OPENNEBULA SYSTEMS SL 

Organization address
address: PASEO DEL CLUB DEPORTIVO 1 - EDIFICIO 13 PARQUE EMPRESARIA LA FINCA
city: POZUELO DE ALARCON
postcode: 28223
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 Spain [ES]
 Total cost 2˙143˙735 €
 EC max contribution 1˙500˙614 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-11-01   to  2021-10-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    OPENNEBULA SYSTEMS SL ES (POZUELO DE ALARCON) coordinator 1˙500˙614.00

Map

 Project objective

So many companies now, both long-established and newly emerging, from multiple industries like gaming, the Internet of Things (IoT), social networking and telecommunications, are focusing their business strategies on being able to provide innovative services and capabilities where latency is the key factor for quality of experience. Yet, despite the urgent need to define the foundational platform to deliver services at the network edge, at present, the companies that are developing next-generation solutions simply do not have a viable and cost-effective platform on which their low latency applications can become mainstream. Existing edge platform solutions require building and maintaining extremely heavy, expensive and complex deployments. Our innovative product, ONEedge, will provide an automated software-defined platform to build private edge computing platforms based on resources leased on demand in close proximity to the users and devices. A first prototyped version of the product is publicly available, and has been successfully demonstrated in several industrially relevant environments. We have existing customers interested in using this innovative product. The aim of this project is to bring ONEedge to industrial readiness and maturity for market introduction. ONEedge is targeting an untapped business opportunity, estimated at $2.0 billion by 2022 and expanding at a CAGR of 115%, by using an easy-to-adopt innovative business model fully based on open-source software and support subscriptions. OpenNebula Systems is an international business with a 23% compound annual growth rate in the last 4 years and seasoned experience in developing and bringing to market open-source enterprise products. Our conservative financial projection for the project shows a 50% Internal Rate of Return (IRR) in 5 years, and a €22m cumulative turnover and the creation of 69 new jobs during the first 3 years after the commercialization of the innovative product.

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

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