Explore the words cloud of the IOTI4.0 project. It provides you a very rough idea of what is the project "IOTI4.0" about.
The following table provides information about the project.
BOOT&WORK CORP SL
|Coordinator Country||Spain [ES]|
|Total cost||1˙436˙069 €|
|EC max contribution||1˙005˙248 € (70%)|
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)
|Duration (year-month-day)||from 2019-10-01 to 2021-09-30|
Take a look of project's partnership.
|1||BOOT&WORK CORP SL||ES (SANT FRUITES DE BAGES)||coordinator||1˙005˙248.00|
The Industry 4.0 is creating new opportunities to enhance the competitiveness of industries, a sector accounting for 2M enterprises, 33M jobs and 60% of EU productivity growth. However, SMEs risk missing the train of digitalisation because existing proprietary technologies for automation and control are expensive and do not provide the flexibility required in dynamic industrial environments.
The IOTI4.0 project aims to disrupt the market of industrial automation and control (a market worth $153.3Bn) through a highly innovative business concept: the use of Open Source Hardware (OSHW) in professional industrial environments. OSHW brings great benefits to the user in terms of cost, flexibility, security and interoperability. It also delivers growing benefits to the economy. However existing solutions are not sufficiently developed nor professionalised to serve the needs of industry. IOTI4.0 will bring into the market the first interoperable, standardised (IEC61131-compliant) OSHW-based technology for Industry 4.0 (both hardware devices and intelligent programming software). It will do so at a much more affordable price (50% cheaper on average) thanks to the fact that OSHW does not have the added cost of a proprietary licence. Applicable to industries of any sizes and sectors, IOTI4.0 will make digitalisation accessible to any SME willing to transition to Industry 4.0. The company behind IOTI4.0 is Boot & Work, a young SME (Barcelona, 2012) specialised in OSHW solutions for industry. With a team of 16 staff, in just a few years, we have achieved a track record in international sales (1,200 clients in 85 countries). IOTI4.0 is the cornerstone of our strategic plan to accelerate growth. With an investment of 1.4M€, the new products and software services will be ready by end-2020. We expect 4M€ in revenues in 2020, reaching 37M€ and 48 employees in 5 years. Our ambition is to become the biggest provider of industrial solutions based on Open Source Hardware worldwide.
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The information about "IOTI4.0" are provided by the European Opendata Portal: CORDIS opendata.