PART B: VALORISATION PLAN
SECTION I: ESTIMATION OF COSTS
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1 |
Taking into account the rest of the cost evaluation please provide an overall estimation of the total costs for full deployment/production of the R & D result. |
| In this section we expect an analysis of funding needed or expected for valorization of the R&D result. An estimation is expected (range of costs not obviously exact amounts) | |
| … in terms of IPR protection | |
| The software can’t be protected by a patent.
Within European Union member states, indeed, computer-implemented inventions which only solve a business problem using a computer, rather than a technical problem, are considered unpatentable as lacking an inventive step. Software is protected as works of literature under the Berne Convention. This allows the creator to prevent another entity from copying the program and there is generally no need to register code in order for it to be copyrighted. So, in this case the protection does not provide significant costs. It could be useful a PATLIB analysis of the system proposed. PATLIB centres indeed can provide intellectual property documentation, copy and document delivery services, searches in IP documentation, and technology and competitor trend analyses.
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| …in terms of product development | |
| In terms of product development, the team needs a software developer for 20 months or 2 sw developers for 10 months.
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| …in terms of mass production | |
| At the moment, the mass production costs are not predictable.
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| … in terms of marketing | |
| At the moment, the marketing costs are not predictable.
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2 |
Based on the above assessment as well as the marketing information please provide the correct estimation of the price for R&D product in correlation with costs |
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Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
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Fixed costs |
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Personnel |
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Other running costs |
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Marketing costs |
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TOTAL EXPECTED COSTS |
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Price per Unit |
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Type of Unit |
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Number of Units |
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TOTAL Expected Revenues |
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CASH FLOW REQUIRED (REVENUES-COSTS) |
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TOTAL CAPITAL required for five years |
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SECTION 2: QUALITATIVE FACTORS
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Dimension of identified target groups |
| An estimation of the proportion of the target market (described in Section 3) which we expect to take | |
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The system is directed to public administration bodies (Municipalities, Provinces, Regions), but also to tourist offices, cultural heritage or publishers, that could integrate the system within the cities guides, GPS producers. Focusing on the tourism market, in Italy the target market is composed by 110 Provinces and 20 Regions, about 200 municipalities with more than 40.000 inhabitants, about 3.500 museums, a National Tourism Agency (about 4.000 potential customers). Starting from these data, we can estimate that the potential market for the R&S result will be about 10%.
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6 |
Evaluation of financial Risks for R&D result |
| The project has no particular financial risks.
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SECTION 3: IDENTIFICATION OF FINANCING SOURCES
After evaluating all the above mentioned criteria, please tick the best financing source for the achievement of R&D result (i.e. own capitals, banking credits, venture capital, business angels, etc)
Define relevance of the product with the following potential funding sources and comment |
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Note: INTERVALUE partners are expected to pre-define a list of existing European funding sources for product development available for the country and advisors will check whether the proposed product is relevant for that funding source or may define an additional source |
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1. …FP7 2. …FP8 3. … 4. … 5. … |
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2 National Funding |
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Note: INTERVALUE partners are expected to pre-define a list of existing national funding sources for product development available for the country and advisors will check whether the proposed product is relevant for that funding source or may define an additional source |
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1. …Regional laws for the development of innovative projects whose objective is the company growth 2. …Regional laws on innovation or research and development 3. … 4. … … |
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3 Private funding |
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Note: INTERVALUE partners are expected to pre-define a list of existing private funding sources for product development available for the country and advisors will check whether the proposed product is relevant for that funding source or may define an additional source |
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1. …Business angels and venture capitalists. 2. …Private capital 3. … 4. … … |
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4 Other |
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SECTION 3: FINAL EVALUATION
| It is requested a final evaluation considering the funding opportunities you believe most suitable for the exploitation of the R&D result, considering the possibility of the creation of a spin-off, further research, in particular, a cost/benefit analysis and a financial projection for the R&D result, type of collaboration identified (i.e. Licensing Agreement, Technical Cooperation, Joint Venture, Manufacturing Agreement, Commercial Agreement with Technical Assistance, Creation of a spin-off, Joint further development)… |
| The team has been working within the field of audio technologies and in particular of browsable soundscapes. It knows approximately the market and competitors and it can draw on the expertise of the University of Padova Sound and Music Computing Group.
The team should invest time in the proposed system development in order to better define the specifications, but also, from the managerial point of view, the potential market and the economic and financial feasibility, and the opportunity of a partnership with museums.
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Decision of evaluation (Please tick as appropriate)
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The R&D has a high potential of exploitation |
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The R&D result needs minor revisions |
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The R&D result needs moderate revisions |
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The R&D result needs major revisions |
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The R&D result has no potential of exploitation |
Elisa Micelli
Fabio Santarossa
