Funding

PART B: VALORISATION PLAN

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 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 Eye-D 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.

 

…in terms of product development
In terms of product development, Eye-Tech needs a software developer for 6 months (18.000 €) and consumables and hardware (about 10.000 €) for the required additional development, deployment, testing and engineering. 

 

…in terms of mass production
At the moment, the mass production costs are not predictable. 

 

 

… in terms of marketing
At the moment, the marketing costs are not predictable.Eye-Tech needs indeed to clarify the opportunity of a strategic partnership with cameras installers and/or producers.

 

 

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

5.000

5.000

7.000

Personnel

60.000

60.000

90.000

Other running costs

8.000

10.000

15.000

Marketing costs

TOTAL EXPECTED COSTS

73.000

75.000

112.000

Price per Unit

n.a.

n.a.

n.a.

Type of Unit

Number of Units

25

30

45

TOTAL Expected Revenues

CASH FLOW REQUIRED (REVENUES-COSTS)

TOTAL CAPITAL required for five years

0

 

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

Companies with a reserved area, usually Medium or Large Companies in the steel, medical, pharmaceutical, biotech fields.

In Italy there are about 150 medium or large companies in the steel field and 750 institutions (companies, research centers, universities and technology transfer centers) in the biotech field. But also other kinds of companies (and also public administration bodies) could be added.

Starting from these data, we can estimate that the potential market for Eye-D software will be about 10%.

 

 

 

 

 

6

Evaluation of financial Risks for R&D result
The project has no particular financial risks.

 

 

 

 

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)

 

  1. 1.  European Funding

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

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

1. … FP7

2. …FP8

3.

4.

5.

2      National Funding

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

1. … LR 4/2005 (Friuli Venezia Giulia regional law for the development of innovative projects whose objective is the company growth)

2. …LR 26/2005 (Friuli Venezia Giulia regional law on innovation)

3. …LR 47/78 (Friuli Venezia Giulia regional law for the realization of research, development and innvation projects)

4.

3      Private funding

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

1. … Business angels and venture capitalists. In particular there is an interest of a private national incubator for the Eye-Tech activity

2. …Private capital

3.

4.

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)…
Eye-Tech is a spin off company of the University of Udine created in 2007.

So it has a 4 years experience in the field of artificial vision and in particular of video surveillance issues. It knows approximately the market and competitors and it can draw on the expertise of the University of Udine AVIRES Lab.

Eye-Tech should invest time in the Eye-D software project development in order to better define the potential market and the economic and financial feasibility, and the opportunity of a partnership with cameras installers/producers.

 

 

 

Decision of evaluation (Please tick  as appropriate)

 

The R&D has a high potential of exploitation

þ

The R&D result needs minor revisions
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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