Opendata, web and dolomites

Prodsmart

Real time process tracking for production lines and job shops – across the supply chain

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 Prodsmart project word cloud

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

underserved    track    competitors    200    124    technologies    14    complete    sectors    smart    spreadsheet    uk    smes    80    productivity    factory    defficient    tracking    powered    portugal    million    som    estimate    sam    sales    active    optimize    paying    95    massively    lose    ups    reduce    data    2015    500start    manufacturers    iot    investment    iiot    business    prodsmart    optimization    2016    billion    model    saas    worth    waste    founded    2017    mes    time    closed    innovation    120    possess    markets       round    operations    team    capital    industrial    mostly    oem    2025    segment    twice    clients    ramp    job    solution    cloud    chain    2021    join    initially    tam    base    nest    benefit    leads    integral    51    insufficient    industry    caixa    lower    sme    turnover    supply    software    market    venture    unexplored    members    rely    b2c    back    networks    17    service    3m    grow    lines    tools    brazil    paper    raised    manufacturing    shops    unlike   

Project "Prodsmart" data sheet

The following table provides information about the project.

Coordinator
PRODSMART, INFORMATICA, SA 

Organization address
address: PARQUE INDUSTRIAL DE ARRAIOLOS, RUA A, LOTE 8
city: ARRAIOLOS
postcode: 7040 043
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 Portugal [PT]
 Project website https://prodsmart.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-07-01   to  2018-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    PRODSMART, INFORMATICA, SA PT (ARRAIOLOS) coordinator 50˙000.00

Map

 Project objective

Manufacturing SMEs lose $200 billion every year due to defficient process tracking. Manufacturing SMEs are an underserved segment that represent 95% of manufacturers and are an integral component of OEM supply chain networks. More than 80% of SMEs do not possess a Manufacturing Execution System (MES). Without these, SMEs rely on paper and spreadsheet-based systems to track their operations, which leads to high processing costs, increased waste, lower productivity and insufficient data and tools to optimize production. Prodsmart is a Software-as-a-Service cloud MES solution for real time process tracking for production lines and job shops. A complete system for analysis, management and optimization for manufacturing SMEs working in real time. Prodsmart was founded in 2015, and our team of 14 members has generated a turnover of 200.000€ in 2017 with our current base solution for SMEs that has 51 paying clients (mostly in Portugal). Our SaaS B2C business model is powered by an active sales team. The Industrial IoT (IIoT) will be worth more than twice the consumer IoT. It is expected that the IIoT market will reach $124 billion by 2021, and investment in Smart Factory Technologies and Industry 4.0 is expected to grow to $200 billion by 2025. Taking into account our target markets of US, EU and Brazil we estimate a TAM of $17 billion, a SAM of $6 billion and we aim to reach a SOM of $120 million. We initially raised 200.000€ of Venture Capital with Caixa Capital in 2016 to ramp-up our sales in Portugal, and have now just closed a 1,3M€ round of investment from Innovation Nest, Join Capital and 500Start-ups to back-up our sales in the UK and the US. We have SME clients from all industrial sectors, and unlike our competitors (many of them from the US), we have established a new business model (SaaS) and unexplored target market (Industrial SMEs) that can massively benefit from our solution in order to improve their productivity and reduce costs.

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

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

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

More projects from the same programme (H2020-EU.3.;H2020-EU.2.3.;H2020-EU.2.1.)

Magnesys (2019)

Efficient filtering of metallic impurities in food processing

Read More  

LIVELMIA (2019)

Innovative assay for microRNAs analysis

Read More  

TuneFork (2018)

Mobile technology that brings personalized audio into your life

Read More