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Virtual Optics

Virtual Optics - A software revolution in the optical industry

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

Virtual Optics project word cloud

Explore the words cloud of the Virtual Optics project. It provides you a very rough idea of what is the project "Virtual Optics" about.

iis deconvolution leader saas payback worldwide cheap combination imaging fees itself companies difficult team expensive 48 150 investment integrating alternatively correcting revenue eur feasibility 750 shortly whereas aberrations gt march 300 net quality shift frame possibilities computation additional 2016 describe optical marketable time period image million readily accurately workflow suited size significantly blind selling market conclude solution 88 speeding mathematically 110 explore power paradigm dramatic 17 starting aerial roi margin 600 intelligent software seamlessly months camera solutions reverse licensing service manufacturing manufacturers 12 percent wants release irr

Project "Virtual Optics" data sheet

The following table provides information about the project.

Coordinator	INTELLIGENT IMAGING SOLUTIONS GMBH Organization address address: HINTERE GRABENSTRASSE 30 city: TUEBINGEN postcode: 72070 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Germany [DE]
Project website	http://www.virtual-optics.de
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-1-2015
Funding Scheme	SME-1
Starting year	2015
Duration (year-month-day)	from 2015-09-01 to 2016-04-30

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	INTELLIGENT IMAGING SOLUTIONS GMBH INTELLIGENT IMAGING SOLUTIONS GMBH Organization address address: HINTERE GRABENSTRASSE 30 city: TUEBINGEN postcode: 72070 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DE (TUEBINGEN)	coordinator	50˙000.00

Map

Project objective

Intelligent Imaging Solutions (IIS) is currently the worldwide technical leader in correcting optical aberrations by means of blind deconvolution.

The unique approach of IIS is to determine optical aberrations from the image itself, accurately describe them mathematically and then reverse them through deconvolution. As a result, a dramatic increase in image quality can be achieved through the use of this software.

IIS challenges the paradigm that image formation is only an optical task. The goal of IIS is to shift image formation to a combination of optical and software tasks. IIS wants to explore the possibilities in the aerial-camera-systems market which has a size of about 70 million EUR in net revenue and an operating margin of 20 percent.

In this market, it is very difficult to improve image quality through classical optical design and manufacturing for cost reasons. Our approach is well-suited to this market as the optical systems are very expensive; whereas, computation power is cheap and readily available. In order to provide quality service to this market, additional investment aimed at significantly speeding up the technology is required. We expect to conclude the feasibility analysis by March 2016 and have a marketable solution shortly after that. We expect to team up with one of the leading manufacturers of aerial-camera systems or, alternatively, to provide a software solution directly to aerial-imaging companies seamlessly integrating into their workflow.

Licensing fees are expected to be >150,000 EUR per year. Revenue from selling the software directly is estimated at around 750,000 EUR per year after three years as SaaS. We expect an IRR between 88–110 percent, a payback period between 12–17 months (upon release) and a ROI of 300–600 percent within a 48-month time frame—starting today and taking development and M&S costs into account.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "VIRTUAL OPTICS" project.

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The information about "VIRTUAL OPTICS" are provided by the European Opendata Portal: CORDIS opendata.