EuroCPS helps over 30 SMEs build new cyber-physical products for the IoT market – Irish Tech News
Fourteen EuroCPS members from nine countries assembled networks for one-stop-shop services which facilitated product development and created jobs for European companies
EuroCPS has supported over 30 European companies to create innovative cyber-physical products for emerging Internet of Things (IoT) markets, while increasing their turnover and growing their teams. Coordinated by CEA Leti and funded by the European Commission, this three-year, €9.2 million project helped innovators (at small/medium enterprises, or SMEs, and large companies) overcome the barriers they face when entering new markets.
“European companies wishing to enter IoT markets often lack knowledge about the value chain and the skills to master the entire design process from ideas to products,” explains EuroCPS Coordinator Isabelle Dor (CEA Leti). “In response, EuroCPS set up a one-stop shop, providing an easy way to access technical expertise, business coaching and advanced cyber-physical platforms. To help lessen the risks involved launching a new product, EuroCPS also provided seed funding of up to €150,000 per SME.”