Record #232956 - GSI Repository

CAARESYS

CAARESYS: vehicle passenger monitoring system based on contactless low emission radio frequency radar.

Coordinator	CAARESYS LTD
Grant period	2019-06-01 - 2019-11-30
Funding body	European Union
Call number	H2020-SMEInst-2018-2020-1
Grant number	877007
Identifier	G:(EU-Grant)877007

Note: CAARESYS is a privately held company founded in Israel with the vision of saving car passengers’ lives. The CAARESYS solution will connect passengers to the next generation of cars and minimize the effect of human factor to save thousands of lives. After successfully piloting the prototype version of CAARESYS technology, the team can confirm the capability of its breakthrough product to open new markets in Europe with the potential for rapid growth. By pursuing the present feasibility study, the management team aims to improve its understanding of international market conditions and the associated risks that need to be considered as the company develops a deeper business plan for rolling out, and scaling up CAARESYS as a marketable innovative solution. SME Instrument Phase-1 and Phase-2 will be extremely beneficial in helping the company to accelerate development and market penetration of the solution in target segments, boosting the company’s growth to 40 employees and € 55,000,000 revenues by 2025.

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Record created 2020-09-04, last modified 2023-02-12

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