ENHANCED ON-STREET PARKING MANAGEMENT SYSTEM

Project Information

FastPrk-2

Grant agreement ID: 726607

DOI 10.3030/726607

Project closed

EC signature date 1 June 2016

Start date 1 June 2016

End date 31 July 2018

Funded under

• SOCIETAL CHALLENGES - Smart, Green And Integrated Transport

Total cost € 2 150 027,50

EU contribution € 1 505 019,25

Coordinated by

WORLDSENSING SL
Spain

Objective

The migration of the global population to urban areas has strained the resources of cities worldwide. To address these challenges governments are turning to Smart Cities to provide sustainable infrastructure that meets the needs of citizens. The smart city industry is projected to reach 1.56 $ trillion by 2020.
Smart city initiatives are focussing on smart parking systems to enhance regulated parking spots with occupancy sensors that provide additional features & services to parking management companies as well as drivers by reducing time spent looking for parking, traffic and CO2 emissions. Monitored parking spaces will be a global emerging market by 2020 when 1% of on-street parking spaces will be controlled. The European Parking Association estimates that there are 12M parking spaces available for smart parking (in European cities with more than 20K habitants). As a result, they estimate that there are an additional 190M spaces likely to become regulated in the near future, equalling a huge potential market for Fastprk-2 in Europe alone. Considering the competitors & the time-to-market we aim to manage 60M parking spaces for 2019.
FastPrk-2 is an innovative full featured smart on-street parking solution, featuring enhanced services resulting from almost 100% accurate occupancy sensors & a system architecture that provides cutting edge HW-based sensor technology & SW-based tools that optimize transport management through innovative applications that analyse diverse parking related data, minimizing maintenance costs and operational processes.
Worldsensing is a cutting edge tech company, a market leader in innovative wireless solutions, & a pioneer in IoT technologies, with a strong executive & advisory team, as well as the strategic investors Cisco, Mitsui and FJME. Worldsensing has 2 main product portfolios: Smart Traffic solutions for Smart Cities and Industry Monitoring solutions. It has >30 employees & an increasing turnover of 2.7M€.

Fields of science

• engineering and technology › civil engineering › urban engineering › smart cities
• natural sciences › computer and information sciences › internet › internet of things
• engineering and technology › electrical engineering, electronic engineering, information engineering › electronic engineering › sensors
• natural sciences › earth and related environmental sciences › environmental sciences › pollution

Programme(s)

• H2020-EU.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport Main Programme
• H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Topic(s)

• SMEInst-10-2016-2017 - Small business innovation research for Transport and Smart Cities Mobility

Call for proposal

H2020-SMEInst-2016-2017

See other projects for this call

Sub call

H2020-SMEINST-2-2016-2017

Funding Scheme

SME-2 - SME instrument phase 2

Coordinator

WORLDSENSING SL

• Net EU contribution: € 1 505 019,25
• Address: CALLE VIRIAT 47 PLANTA 10 ; 08014 Barcelona ; Spain
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Este › Cataluña › Barcelona
• Region: Este › Cataluña › Barcelona
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 2 150 027,50