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IOTI4.0 SIGNED

Integral Open Technology for Industry 4.0

Total Cost €

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EC-Contrib. €

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Partnership

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 IOTI4.0 project word cloud

Explore the words cloud of the IOTI4.0 project. It provides you a very rough idea of what is the project "IOTI4.0" about.

train    cornerstone    hardware    countries    37m    delivers    153    plan    sectors    sizes    price    reaching    record    market    4m    compliant    automation    strategic    worldwide    missing    ready    worth    48    productivity    disrupt    services    security    innovative    serve    added    200    company    affordable    clients    industries    sufficiently    oshw    investment    professionalised    enterprises    team    standardised    first    brings    provider    2m    cheaper    international    expensive    fact    revenues    economy    young    dynamic    proprietary    50    interoperable    barcelona    professional    biggest    industrial    industry    interoperability    business    boot    solutions    60    licence    environments    track    applicable    85    33m    digitalisation    benefits    few    source    nor    specialised    ambition    sales    accelerate    smes    competitiveness    jobs    intelligent    staff    iec61131    sme    2020    accounting    accessible    thanks    flexibility    ioti4    programming    technologies    risk    16    3bn    transition    employees    software    2012   

Project "IOTI4.0" data sheet

The following table provides information about the project.

Coordinator		 BOOT&WORK CORP SL 

Organization address
address: CALLE PONT VELL NUM 1 11
city: SANT FRUITES DE BAGES
postcode: 8272
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 1˙436˙069 €
 EC max contribution 1˙005˙248 € (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 2019-10-01   to  2021-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    BOOT&WORK CORP SL ES (SANT FRUITES DE BAGES) coordinator 1˙005˙248.00

Map

 Project objective

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.

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