Funding

PART a: IDENTIFICATION OF R&D Result

PARTEA A: Identificarea rezultatului cercetării-deZvoltării (CD)

·         The project team

             Echipa proiectului

Advisor’s Name:Nume: Department of Technologies and MaterialsProject: Captor for Measuring the Dynamic Components of the Cutting Force at Internal Grinding
Phone:Telefon:  +40.723.163396
E-mail: dumitrudc10@yahoo.com 
Expecting date of valorization plan submission:Data aşteptată pentru trimiterea planului de valorizare  04.02.2012

·         Identification of R&D activity

Identificarea activităţii de cercetare-dezvoltare (CD)

Acronym:Acronim:

DTM

Author of the R&D result:Autorul rezultatului CD:  Dr. Eng. Popescu Daniel
Company or University:Companie sau Universitate:  UNIVERSITY OF  CRAIOVA, ROMANIA 
Phone:Telefon:  +40.721.953629
E-mail:  Popescu.daniel1119@yahoo.com
Sector:Domeniu:  ENG – Engineering
Type of the R&D result:Tipul rezultatului CD: Product

 

PART B: VALORISATION PLAN

Partea B: Planul de valorizare

SECTION I: ESTIMATION OF COSTS

Secţiunea I: Estimarea costurilor

 

1

Taking into account the rest of the cost evaluation please provide an overall estimation of the total costs for full deployment/productionof the R & D result.Având în vedere celelalte aspecte ale evaluării costului vă rugăm să faceţi o estimare generală a costului total pentru lansarea în fabricaţie/producţie a rezultatului  CD.
… in terms of IPR protection…. în ceea priveşte protecţia drepturilor de proprietate intelectuală
To protect the intellectual property rights on a national patent, the estimated costs are about 1200 Euro.
For a possible patent protection in Europe, the estimated costs are about 3400 Euro.
…in terms of product development… în ceea ce priveşte dezvoltarea produsului
The costs related to additional research on the concept, design, construction and testing of the functional model are estimated at about 1500 Euro.
…in terms of mass production… în ceea ce priveşte producţia de masă
Costs for mass production (design, prototyping, series product testing, manufacturing technology, commissioning, product certification) are estimated at about 5000 Euro.
… in terms of marketing… în ceea ce priveşte marketingul

According to a given situation, the aim of programme is set up to improve marketing channels, by changing the weight of different circuits, in favor of those that can provide simultaneously the opportunity to increase exports and increase their efficiency.
The program includes: market research, advertising and product price.
Marketing costs are estimated at 2000 Euro / year.

 

 

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

Pe baza evaluării anterioare şi pe baza informaţiilor de marketing vă rugăm să faceţi o estimare corectă a preţului produsului CD în corelatie cu costurile

Year 1

Year 2

Year 3

Year 4

Year 5

Fixed costs

Costuri fixe

640.000

673.000

775.000

778.000

700.000

Personnel

Cheltuieli cu personalul

90.000

120.000

150.000

200.000

220.000

Other running costs

Alte costuri de exploatare

10.000

20.000

25.000

42.000

45.000

Marketing costs

Costuri de marketing

30.000

44.000

50.000

30.000

35.000

TOTAL EXPECTED COSTS

Costuri totale estimate

777.000

875.000

1.000.000

1.050.000

1.000.000

Price per Unit

Preţ unitar

700

650

600

560

500

Type of Unit

Tipul produsului

Captor for Measuring the Dynamic Components of the Cutting Force at Internal Grinding

Number of Units

Numărul de unităţi

1000

1500

2000

2500

3000

TOTAL Expected Revenues

Venituri totale estimate

700.000

975.000

1.200.000

1.400.000

1.500.000

CASH FLOW REQUIRED (REVENUES-COSTS)

Cash-flow (Venituri –Costuri)

-77.000

90.000

200.000

350.000

500.000

TOTAL CAPITAL required for five years

Capital total necesar pentru 5 ani

Capital required for starting the business: about 777,000 Euro

Capital required for covering the total estimated costs: about 4,689,000 Euro

Capital pentru acoperirea costurilor estimate de start / totale            

 

 

 

 

SECTION 2: QUALITATIVE FACTORS

Secţiunea 2: Factori calitativi

 

3

Dimension of identified target groupsDimensiunea grupurilor ţintă identificate
Detailed commentComentariu detaliat

The size of identified target groups (industry operators, teaching staff, researchers) refers to their ability, structure and area (location).

Romania is a market space for the measurement transducers. This market has grown continuously, and its product volume increased at a steady pace.

 

 

4

Evaluation of financial Risks for R&D resultEvaluarea riscului financiar al rezultatului CD
Detailed commentComentariu detaliat

In general, investment objective is a combination of material, human and financial efforts that may be affected by errors or variations from initial estimates, which reflect in delay of project at desired features.
Risks:
- Construction risk (modernization works);
- Technological risk;
- Risk of delay (lack of financing);
- Operational risk (training regulations).
Given the high costs required in developing the measuring sensors to be competitive on market, the financial risk is assessed as a medium one of the research results.

 

SECTION 3: IDENTIFICATION OF FINANCING SOURCES

Secţiunea 3: Indentificarea surselor de finanţare

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)

După evaluarea tuturor criteriilor menţionate mai sus, vă rugăm să încercuiţi cele mai potrivite surse de finanţare pentru valorificarea rezultatului CD (de ex. capitaluri proprii, credite bancare,  business angels, etc.)

 

 

1. European Funding

1. Fonduri europene

Define relevance of the product with the following potential funding sources and comment

Definiţi relevanţa produsului cu următoarele surse potenţiale de finanţare şi comentaţi

  1. 1. Sectoral Operational Programme Increase of Economic Competitiveness 

          Programul Operaţional Sectorial Creşterea Competitivităţii Economice POSCCE 

  1. 2. Seventh Framework Programme – FP7

   Programul Cadru FP 7

  1. 3. INTERREG  

4. Others

    Altele

2. National Funding

2. Finanţare naţională

  1. 1. National Plan for Research, Development and Innovation

    Planul National de Cercetare, Dezvoltare si Inovare – PN II 

 

2. Sectorial Plan for RDI (Ministry of Economy)

            Planul sectorial de cercetare-dezvoltare al Ministerului Economiei,

            Comertului si Mediului de  Afaceri din Romania  .

3. Nucleu Programme (National Authority for Scientific Research)

           Programul Nucleu (Autoritatea Naţională pentru Cercetare Ştiinţifică-ANCS)

 4. Others

 

3. Private funding

3. Finanţare privată

  1. 1. Own capitals

          Capitaluri proprii 

  1. 2. Banking credit instutions

    Instituţii de credit  

  1. 3. Business Angels  

       4. Others

     Altele

 

    4.  Other

    4.  Altele

Detailed commentComentariu detaliat

Regarding funding sources, it should be made ​​a distinction between achievement stage and preliminary testing of the product (prototype) and launch into series or mass manufacturing.
For the prototype realization and testing stage the following can be used:
- Structural funds (Sectoral Operational Programme ‘Increase of Economic Competitiveness “SOP);
- National Plan for Research, Development and Innovation – PN II, FP 7;
- Sectoral Research and Development Plan of the Ministry of Economy.

For the stage of launch into series production there can be used:
- Structural funds, accessed through the Operational SOP;
- Financial resources of private companies that want to support innovative technological ideas.

SECTION 3: FINAL EVALUATION

Secţiunea 3: Evaluarea finală

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)… 

Este necesară o evaluare finală pe baza oportunităţilor de finanţare pe care le consideraţi cele mai potrivite pentru exploatarea rezultatului CD, având în vedere posibilitatea de a crea un spin-off, o cercetare viitoare, în particular, o analiză cost/beneficiu şi o previziune financiară pentru rezultatul CD, tipul de colaborare identificat (i.e. licenţă, cooperare tehnică, Joint Venture, contract de producţie, acord comercial cu asistenţă tehnică, crearea unui spin-off)…

Scientifically and economically, “Captor for Measuring the Dynamic Components of the Cutting Force at Internal Grinding ” as a result of research, is leading to expansion of product offerings, both on domestic and regional and European / World markets.

Project implementation under technical and economic conditions described in its budget creates financial conditions for starting and conducting a profitable business. Estimated revenues give us confidence that the business is self-supporting; there is no need of additional loans.

For prototyping, testing and probing, it should be considered the internal and external funding sources (national funds, structural funds, private investors), while technical cooperation could be an advantage on the market.

During the stage of launch into production, the manufacturing of series product is based primarily on firm production contract signed with manufacturers (national, international).

 

 

Decision of evaluation (Please keep only the appropriate)

Decizia evalării (Vă rugăm să marcaţi  răspunsul considerat corespunzător)

 

X The R&D has a high potential of exploitationRezultatul CD are un potenţial ridicat de exploatare
The R&D result needs minor revisionsRezultatul CD necesită revizii minore
The R&D result needs moderate revisionsRezultatul CD necesită revizii moderate
The R&D result needs major revisionsRezultatul CD necesită revizii majore
The R&D result has no potential of exploitationRezultatul CD nu are potenţial de exploatare

 

 

We agree that all informations contained in this form to be made public in the project „Inter-regional cooperation for valorization of research results – INTERVALUE”, by publication on the project website: http://www.urenio.org/intervalue/.

Suntem de acord ca informaţiile cuprinse în acest formular să fie făcute publice în cadrul proiectului „Inter-regional cooperation for valorization of research results – INTERVALUE”, prin publicarea lor pe site-ul proiectului, la adresa: http://www.urenio.org/intervalue/.

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