Funding

PART a: IDENTIFICATION OF R&D Result

PARTEA A: Identificarea rezultatului cercetării-deZvoltării (CD)

·         The project team

Echipa proiectului

Advisor’s Name:Nume: Dumitru Constantin
Phone:Telefon:  +40.723.163396
E-mail: dumitrudc10@yahoo.com  
Expecting date of valorization plan submission:Data aşteptată pentru trimiterea planului de valorizare  22.02.2012

·         Identification of R&D activity

Identificarea activităţii de cercetare-dezvoltare (CD)

Acronym:Acronim:  EERS_Experimental Equipment for Research of Shocks
Author of the R&D result:Autorul rezultatului CD:  Dr. Eng. Bogdan Mihaela
Company or University:Companies au universitate:  UNIVERSITY OF  CRAIOVA, ROMANIA 
Phone:Telefon:  +40.753.015444
E-mail:  bogdanmihaela@yahoo.com
Sector:Domeniu:  ENG – Engineering
Type of the R&D result:Tipul rezultatului CD:  Experimental Equipment

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 through national patent, the estimated cost is about 1800 Euro.
For possible patent protection in Europe, the estimated costs are about 4200 Euro.
…in terms of product development… în ceea ce priveşte dezvoltarea produsului
Costs related to additional research on the concept, design, construction and testing of the functional model are estimated at about 7400 Euro.
…in terms of mass production… în ceea ce priveşte producţia de masă
Costs related to mass production (design, prototyping, series product testing, manufacturing technology, commissioning, product certification) are estimated at about 37,000 Euro.
… in terms of marketing… în ceea ce priveşte marketingul

According to a given situation, the project target is set-up to improving 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 2500 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

150.000

121.800

130.000

209.800

288.000

Personnel

Cheltuieli cu personalul

66.000

60.000

55.000

50.000

45.000

Other running costs

Alte costuri de exploatare

1.500

2.000

2.500

3.000

3.500

Marketing costs

Costuri de marketing

2.500

2.700

3.000

3.200

3.500

TOTAL EXPECTED COSTS

Costuri totale estimate

220.000

186.500

190.000

265.000

340.000

Price per Unit

Preţ unitar

5.000

4.700

4.400

4.000

3.800

Type of Unit

Tipul produsului

Experimental Equipment for Research of Shocks

Number of Units

Numărul de unităţi

40

45

50

75

100

TOTAL Expected Revenues

Venituri totale estimate

200.000

211.500

220.000

300.000

380.000

CASH FLOW REQUIRED (REVENUES-COSTS)

Cash-flow (Venituri –Costuri)

-20.000

25.000

30.000

35.000

40.000

TOTAL CAPITAL required for five years

Capital total necesar pentru 5 ani

Capital required for starting the business: about 220,000 Euro

Capital required for covering the total estimated costs: about 1,201,500 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 determining vibration in machine tools. This market has grown continuously, its product volume increasing at a steady pace. In the first stage, the product covers approximately 2% of this market.

Also, geographical area of international market expanded, in its turn, by increasing the number of participants.  In this context, the number of exporters and importers significantly increased within world markets of such product groups.

 

 

4

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

Given the high costs required in developing devices for measuring vibrations in machine tools, financial risk was assessed as medium based on research results. In this context, it is required and appropriate market study to reflect real trends of consumers and companies regarding the purchase of such products.
Selling a large number of units from year to year, has to be correlated with product demand on market and the influence of different conjectural factors: credit policy, income level, financial crisis etc.
Throughout the whole sample, the average value recorded for financial risk must be within the range (2.5-4.5)%.

 

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, a distinction has to be made ​ between the preliminary implementation and testing stage of the product (prototype) and launching it into serial or mass manufacturing. For the development  and prototype testing stage the following can be used:
- Structural funds (Operational Programme ‘Increase of Economic Competitiveness “SOP);
- National Plan for Research, Development and Innovation – PN II, FP 7;
- Sectoral Development Plan for Research of the Ministry of Economy.

For the stage of launch into series production the following can be used:
- Structural funds, accessed through the Sectoral Operational Program  SOP; CCE
- 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, “Experimental Equipment for Research of Shocks”, as a result of research, is leading to increased competitiveness of Romanian research in priority areas of research, namely to the expansion of product offerings, both on domestic and regional & European / world markets.

Implementation of “Experimental Equipment for Research of Shocks”, has the economic effects:
- ensuring product quality,
- increase productivity by 2-4 times,
- reduce production costs, labor costs.

From a social perspective, this research leads to development of human resources in research area.
For prototyping, testing and probing, the following must be taken into account:

- domestic and foreign funding sources (national funds, structural funds, private investors), and technical cooperation could be an advantage in the market.
During the stage of launching into production, manufacturing of the series product is based primarily on firm manufacturing contract signed with manufacturers (domestic, international) of devices for measuring vibration in machine tools.

 

 

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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