Summary
The proposed project (hereafter: EO-VAS project) will RESHAPE Earth Observation Value Chain by BREAKING “DOWNSTREAM” component and significantly SIMPLIFYING development and delivery of Earth Observation Adding Value Services (hereafter: EO VAS).
Project foundation is built around SINERGISE’s award-winning (2016 Copernicus Masters Award) Sentinel Hub Operational Prototype (world-first engine for archiving, processing and distribution of Sentinel data) and GEOVILLE’s extensive set of processing algorithms (applied in over 100 existent EO VAS).
Main project delivery, EO-Toolset has an ambition to become:
- First virtual market place for EO VAS, introducing completely NEW BUSSINESS MODEL in the area of EO services = model, benefiting all participants in EO value chain - from data providers, through service providers to end-users.
- EO VAS innovation hub: fostering development of EO services, becoming a virtual meeting place for the exchange of new ideas and encouraging EO VAS experimenting
- Virtual business incubator for emerging earth-observation oriented start-ups, that lack the means to commercialise their EO services by themselves.
- Pre-processing engine for other EO domain services, helping them to reduce pre-processing costs and to turn their attention into domain expertise and higher quality of their products.
EO-VAS will focus on the agriculture and non-life insurance as high revenue entry markets, with the entire optical EO space industry application domain field as revenue market. Conservative investment ROI turning point is 2022 with project’s 15-year’s Net present value of almost € 11,2 MIO, Internal rate of return of 46%. Importantly, due to the setup of EO-VAS enabling customer processing capacities, an significant economic benefit is expected to the entire EO application market, with an estimated leverage effect of 30, putting the effective value of EO-VAS at € 336 MIO.
Project foundation is built around SINERGISE’s award-winning (2016 Copernicus Masters Award) Sentinel Hub Operational Prototype (world-first engine for archiving, processing and distribution of Sentinel data) and GEOVILLE’s extensive set of processing algorithms (applied in over 100 existent EO VAS).
Main project delivery, EO-Toolset has an ambition to become:
- First virtual market place for EO VAS, introducing completely NEW BUSSINESS MODEL in the area of EO services = model, benefiting all participants in EO value chain - from data providers, through service providers to end-users.
- EO VAS innovation hub: fostering development of EO services, becoming a virtual meeting place for the exchange of new ideas and encouraging EO VAS experimenting
- Virtual business incubator for emerging earth-observation oriented start-ups, that lack the means to commercialise their EO services by themselves.
- Pre-processing engine for other EO domain services, helping them to reduce pre-processing costs and to turn their attention into domain expertise and higher quality of their products.
EO-VAS will focus on the agriculture and non-life insurance as high revenue entry markets, with the entire optical EO space industry application domain field as revenue market. Conservative investment ROI turning point is 2022 with project’s 15-year’s Net present value of almost € 11,2 MIO, Internal rate of return of 46%. Importantly, due to the setup of EO-VAS enabling customer processing capacities, an significant economic benefit is expected to the entire EO application market, with an estimated leverage effect of 30, putting the effective value of EO-VAS at € 336 MIO.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/755899 |
| Start date: | 01-02-2017 |
| End date: | 31-01-2019 |
| Total budget - Public funding: | 2 851 217,50 Euro - 1 995 852,00 Euro |
Cordis data
Original description
The proposed project (hereafter: EO-VAS project) will RESHAPE Earth Observation Value Chain by BREAKING “DOWNSTREAM” component and significantly SIMPLIFYING development and delivery of Earth Observation Adding Value Services (hereafter: EO VAS).Project foundation is built around SINERGISE’s award-winning (2016 Copernicus Masters Award) Sentinel Hub Operational Prototype (world-first engine for archiving, processing and distribution of Sentinel data) and GEOVILLE’s extensive set of processing algorithms (applied in over 100 existent EO VAS).
Main project delivery, EO-Toolset has an ambition to become:
- First virtual market place for EO VAS, introducing completely NEW BUSSINESS MODEL in the area of EO services = model, benefiting all participants in EO value chain - from data providers, through service providers to end-users.
- EO VAS innovation hub: fostering development of EO services, becoming a virtual meeting place for the exchange of new ideas and encouraging EO VAS experimenting
- Virtual business incubator for emerging earth-observation oriented start-ups, that lack the means to commercialise their EO services by themselves.
- Pre-processing engine for other EO domain services, helping them to reduce pre-processing costs and to turn their attention into domain expertise and higher quality of their products.
EO-VAS will focus on the agriculture and non-life insurance as high revenue entry markets, with the entire optical EO space industry application domain field as revenue market. Conservative investment ROI turning point is 2022 with project’s 15-year’s Net present value of almost € 11,2 MIO, Internal rate of return of 46%. Importantly, due to the setup of EO-VAS enabling customer processing capacities, an significant economic benefit is expected to the entire EO application market, with an estimated leverage effect of 30, putting the effective value of EO-VAS at € 336 MIO.
Status
CLOSEDCall topic
SMEInst-04-2016-2017Update Date
27-10-2022
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