Project description
A pioneering solution for IoT geolocation
Advances in digitalisation are giving a boost to geolocation technologies. The EU-funded Nestwave project is proposing a pioneering solution dedicated to IoT geolocation, which will improve precision in urban canyons, expand indoor coverage and limit power consumption and costs compared to current solutions. The patented signal processing solution offers high accuracy and rapid signal acquisition at low signal levels. It is based on the combination of software integrated into a modem or GNSS chip and a cloud-based service that finalises the geolocation calculations. Nestwave targets the highly demanding markets of communication modem and GNSS chipsets, IoT devices and IoT connectivity.
Objective
Nestwave brings a radically novel solution optimized for IoT geolocation. Based on 11 patents issued and pending, the Nestwave solution improves accuracy in urban canyon environments, increases indoor coverage, and reduces power consumption and costs as compared to existing solutions (2.5x accuracy and 1/10 of the power consumption at 1/3 of the cost of GNSS solutions).
The Nestwave solution is a combination of software integrated into a modem or GNSS chip and a cloud-based service used to complete the geolocation calculations, which will be sold to communication modem chipset vendors, GNSS chipset vendors, IoT device suppliers and IoT connectivity suppliers. Nestwave’s unique, patented signal processing solution provides high accuracy and fast signal acquisition at low signal levels (e.g. behind buildings or indoor with signal strength 1,000 or 10,000 times weaker than in open, outdoor locations) or in the presence of signal reflections in urban environments.
Currently, the solution determines timestamps using a hybrid of GPS and 4G signal sources. The project funding will be used in part to create a more comprehensive, higher performance solution based on additional signal sources, including Galileo, BeiDou, 5G and WiFi.
The performance of the Nestwave solution is reflected by the strong market interest we have experienced in the past 12 months: we have generated €360k from proof of concept projects related to LoRa geolocation and RTOS development.
Assuming an average customer lifetime value of €0.4 per IoT device, our total addressable market is estimated to €1.35Bn in 2022 growing to €2.15Bn in 2025, supporting a revenue forecast of €27M by 2025 and over 300 jobs created (directly and indirectly).
Nestwave is led by an executive team combining 80 years of experience in the wireless industry (at NemeriX, Qualcomm, Sequans and Motorola).
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications telecommunications networks mobile network 5G
- natural sciences computer and information sciences internet internet of things
- social sciences social geography transport navigation systems satellite navigation system global navigation satellite system
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering signal processing
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications telecommunications networks mobile network 4G
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2b - SME Instrument (grant only and blended finance)
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
92200 NEUILLY-SUR-SEINE
France
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.