Horizon 2020 SME Instrument (Open Disruptive Innovation Scheme) Phase II proposal – Sentab OÜ
Sentab, an Estonian company, received 2,3 Million funding from the Horizon 2020 SME Instrument Phase 2, for developing its a social interaction platform for seniors.
Sentab solution provides entertainment, interaction family and friends, and monitoring functions. The uniqueness of the platform stems from its ability to effectively analyse user behaviour data and solicit early actions to improve the quality of life and adequately respond to negative changes. During the Phase 2 project Sentab will focus on developing a set of complex software algorithms for detecting mood patterns and recognizing trends in senior’s emotional state, an internet protocol based communications system and a data base management system.
Project proposals were submitted to highly competitive “Open Disruptive Innovation Scheme” SME Instrument topic, in which 14 applications were selected for funding from altogether 191 project proposals
The SME Instrument is a part of the Horizon 2020 Research and Innovation programme specifically targeted at innovative Small and Medium-sized Enterprises (SME) in Europe and associated countries. The instrument aims to fill the gaps in funding for research and innovation at early stages and thereby accelerate the exploitation of novel solutions to address key societal challenges or enabling technologies. The SME Instrument Phase 1 funding supports SMEs to cover the funding for initial feasibility assessment and business modelling for the novelty. Phase 2 funding is targeted to SMEs with particular focus on product development, demonstration activities and initial marketing activities.
Invent Baltics coordinated the whole proposal preparation process assisting Sentab in defining the product development plan, conducting the necessary economic feasibility assessments (market surveys, competition analyses, revenue calculations) and formulated a winning project proposal.