Funding

SECTION I: ESTIMATION OF COSTS

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 terms of IPR protection
-
…in terms of product development
The product is fully developed.
…in terms of mass production
The cost of production is about 5.000 € per installation
… in terms of marketing
The product could be advertised on the Internet through specialized channels in the building. The cost could be around 65,000 euros per 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

Year 1

Year 2

Year 3

Year 4

Year 5

Fixed costs

300.000

300.000

300.000

300.000

300.000

Personnel

400.000

400.000

400.000

400.000

400.000

Other running costs

Marketing costs

65.000

65.000

65.000

65.000

65.000

TOTAL EXPECTED COSTS

765.000

765.000

765.000

765.000

765.000

Price per Unit

5.000

5.000

7.500

7.500

7.500

Type of Unit

Installation

Number of Units

120

180

200

200

200

TOTAL Expected Revenues

600

900

1.500.000

1.500.000

1.500.000

CASH FLOW REQUIRED (REVENUES-COSTS)

-165.000

135.000

735.000

735.000

735.000

TOTAL CAPITAL required for five years

165.000

SECTION 2: QUALITATIVE FACTORS

4

Dimension of identified target groups
An estimation of the proportion of the target market (described in Section 3) which we expect to take is about 6%.

6

Evaluation of financial Risks for R&D result
Financial risks are minimal. The funding should support the industrialization and promotion  development of the product, but in markets like the Italian one there could be a rapid spread to justify the initial investment.

SECTION 3: IDENTIFICATION OF FINANCING SOURCES

After evaluating all the above mentioned criteria, please tick/choose the best financing source for the achievement of R&D result (i.e. own capitals, banking credits, venture capital, business angels, etc)

  1. 1.  European Funding

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

The next call under the AAL Joint Programme (Ambient Assisted Living -AAL) will be published in late February with a deadline for submission ofproposals in May 2012.

The main objective of the Joint AAL (Ambient Assisted Living - AAL) is to provide solutions for the elderly based on information and communicationtechnologies (ICT) innovations. This includes products, systems and services related to the needs and desires of end users.

The next call is aimed at developing ICT-based solutions that allow you tosupport older people to undertake and manage their daily activities within the home, and also to create ICT-based solutions that support informal care.

2. National Funding

-

3. Private funding

-

4. Other

-

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)…

 

Decision of evaluation (Please tick  as appropriate)

The R&D has a high potential of exploitation

The R&D result needs minor revisions

x

The R&D result needs moderate revisions

The R&D result needs major revisions

The R&D result has no potential of exploitation

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