Summary
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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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/880412 |
| Start date: | 01-11-2019 |
| End date: | 31-03-2022 |
| Total budget - Public funding: | 2 143 735,00 Euro - 1 500 614,00 Euro |
Cordis data
Original description
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.Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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