Xtend (887959)

  https://cordis.europa.eu/project/id/887959

  Horizon 2020 (2014-2020)

  "Xtend - ""Extending Reality Skywards"""

  SME instrument (EIC-SMEInst-2018-2020)

  productivity  ·  drones  ·  virtual reality

  2020-01-01 Start Date (YY-MM-DD)

  2020-06-30 End Date (YY-MM-DD)

  € 71,429 Total Cost

  Description

Coupling high-end drones with forefront computing technologies like the augmented/virtual/mixed reality opens up unprecedented possibilities in several fast-growing sectors like public safety and security, construction and industrial inspection, entertainment, to name just a few. Currently, there are several companies worldwide offering technologically advanced solutions for drones or VR/AR/MR reality, but little to none is able to merge the best functionalities of both technologies like we did at Xtend Reality Expansion Ltd. Indeed, our breakthrough innovation comes from the development of a disruptive drone-based extended reality technology that combines virtual elements into real-life environments offering a unique mixed reality experience. Firstly addressed, in the short-term, to the Public Safety and security market, Extender will provide an unprecedented opportunity to improve productivity and safety of operators, enhancing 360° real-time visualization and data-analysis, ultimately allowing for more effective and informed decision making. Our solution is at TRL6 and we aim to scale it up to TRL9 to commercialize the platform with top performance ratings from end-users and stakeholders by 2021. By applying to Phase 1 SME Instrument, we aim to carry out a feasibility study to verify the technical, commercial and financial viability of our solution and develop a business plan to drive its successful market uptake. Indeed, according to our realistic trading projections we will achieve approx. €12M total revenues by the 5th year (ROI = 3) counting on the rapid expansion both drone and immersive reality technologies are experiencing.

  Complicit Organisations

1 Israeli organisation participates in Xtend.