Eureka Navigation Solutions and SAT4M2M announce that they have been awarded by the European Commission a €1.8M grant in the ultra-competitive Horizon 2020 SME instrument programme.
Over 1200 applications were submitted to this funding round of the SME instrument and only 65 projects were selected by the European Commission. The funding will support the implementation of the IoTEE (Internet of Things Everywhere on Earth) project over the next two years.
Current technology for IoT connectivity is either too localised (4G, 5G, LPWAN), too expensive (MSS) or not suitable for small autonomous IoT devices. The IoTEE project solves this problem by combining the low power of LPWAN with the global coverage of satellite communications and the autonomy of telematics devices.
The winning proposal was developed by Zaz Ventures, a specialized consultancy focusing on Horizon 2020 grant proposal writing. Xavier Aubry, managing partner of Zaz Ventures, commented: „We are thrilled for Sat4M2M and Eureka Navigation Solutions as they join the Champion League of European SMEs. Their technology provides a unique approach to providing IoT services from space, offering cost effective M2M communication in areas that are not covered by terrestrial IoT networks“.
Martin Haunschild, CEO SAT4M2M adds: „The no win – no fee approach of Zaz Ventures gave us a lot of confidence in their process, especially considering the fact that only 5% of the applications get funded on average. When they elected to work with us, we knew had a very strong case. Zaz Ventures developed an outstanding application, which was reflected in the very high evaluation score. It was a very thorough process that took over 6 months and led us to refine our business plan further“.
The implementation of the IoTEE project leverages unique European space assets such as the antenna and the GTS hardware on-board the International Space Station, through an exclusive ITU frequency license owned by SAT4M2M, addressing the multi-billion Space IoT market opportunity. The project also benefits from a strategic partnership with the European Space Agency (ESA).