OLOS®️Music Engineering (O®️ME)

PROJECT DESCRIPTION

The project is the result of the will of the two proposing companies to create an innovative digital product able to match the skills and experiences of Blue Cinema Tv in the development of patented digital technologies and Studio Colosseo in the creation of high-performance audio systems. OLOS®MUSIC ENGINEERING was born from the need of Blue Cinema Tv to create an optimized and engineered product compared to the prototype born from the OLOS®MUSIC SEQUENCER (O®MS) project.

The winning project of the call “CREATIVITY 2020” of the Lazio Region involved the construction of a prototype as a result of the application of the patent OLOS®. The aim was to create an innovative equipment that would allow to display virtually a holographic and interactive musical band programmable and executable by a real performer on stage. A next-generation technology at the service of the Live Show generated by the interactive holographic cinematography with the aim to respond to the growing demand for spectacularization and virtualization.

 

PURPOSE

OLOS®MUSIC ENGINEERING (O@ME) will bring benefits in the short, medium and long term. At the end of the project, the companies identify possible extensions to new areas of interest in the world of digital applications and services, such as health, wellness, culture, tourism, in addition to live shows. There are also benefits concerning an increase in revenue determined by a greater competitiveness of the product, an increase in the level of customer satisfaction generated by a more emotional and immersive involvement and an increase in the number of customers originating from the sharing of the stakeholders of each proposer. In addition, the project aims to have a positive impact also in terms of improving employment conditions in sectors such as museums/cultural heritage, live performances, art galleries, communication agencies, wellness, and advertising.

The competitive advantages deriving from the OLOS®MUSIC ENGINEERING (O@ME) project consist in conceiving and realizing a flawless and highly innovative digital apparatus not yet available on the market. The enhancement strategy of the new product will bring qualitative results summarized in intangible values, which will subsequently increase the value of the Proponents Blue Cinema Tv and Studio Colosseo in terms of brand identity and brand image. In this regard, they will offer a highly technological product both in the sector in which they operate and in areas far from their own. From a quantitative point of view, the positive effects can be summarized in terms of impact on profitability, productivity, turnover, expansion of market shares, new markets, labor widening with the hiring of several units as well as various collaborations with both professionals and public or private companies.

RESULTS

Proposers mean to achieve exciting economic results to reinvest –in the medium term– part of the resources obtained in increasingly advanced applications. We firmly believe that the funding granted for the project OLOS®MUSIC ENGINEERING (O@ME) is fundamental for the consolidation of the project idea and its future sustainability. In fact, through the engineering and optimization of the patent OLOS® (European patent EPO/PCT extension N.14723500.6, Italian patent MISE UIBM n.000141612, European trademark UAMI n.011115367, European design UAMI n.002572685-001), the Companies will be able to well-establish in the market with the development of a new Business Idea, optimize the fixed costs (incurred with the engineering) and provide for the costs concerning the ad hoc reproduction of the apparatus.

At the end of the OLOS®MUSIC ENGINEERING (O@ME) project, we expect that the Proposers will have sufficient internal monetary and managerial resources to proceed towards the production of products without relying on external sources of funding, thus generating a long-term economic and financial sustainability.

 

FINANCIAL SUPPPORT RECEIVED

TOTAL Eligible Investment 322,100.00 €

TOTAL Subsidy Granted 157,168.00 €

 

BLUE CINEMA TV

Eligible Investment 194,100.00 €

Subsidy Granted 93,168.00 €

 

STUDIO COLOSSEO

Eligible Investment 128,000.00 €

Subsidy Granted 64,000.00 €