Funding

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
It is copyright protected (no cost)
…in terms of product development
Around 100.000€, concerning software re-engineering
…in terms of mass production
Around 30.000€, concerning manual and documentation
… in terms of marketing
Around 100.000€ for leaflets, advertising in specialized magazines and web sites, participation in relevant exhibitions, events etc…
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 50.000 50.000 50.000 50.000 50.000
Personnel 255.000 250.000 375.000 375.000 375.000
Other running costs 20.000 40.000 50.000 50.000 50.000
Marketing costs 30.000 50.000 10.000 10.000 10.000
TOTAL EXPECTED COSTS 355.000 390.000 485.000 485.000 485.000
Price per Unit 50.000 50.000 50.000 50.000 50.000
Type of Unit Digital platform
Number of Units 5 10 15 15 15
TOTAL Expected Revenues 250.000 500.000 750.000 750.000 750.000
CASH FLOW REQUIRED (REVENUES-COSTS) -105.000
TOTAL CAPITAL required for five years 105.000

SECTION 2: QUALITATIVE FACTORS

4 Dimension of identified target groups
Considering a target of 600 incubators, i.e. 15% of the number of incubators globally, targeting probably to a specific geographical area, we assume that the market finally gained is 60 units, thus meaning the 10% of the target market.
6 Evaluation of financial Risks for R&D result
Detailed comment

As a new product to the market, there is a possibility that the market might not be mature enough to accept it. Also the geographical diversity of the users is an obstacle to the product’s promotion. Assuming that sales during the first year is an unachievable goal and taking into account that for every new product we have 25.000€ personnel cost regarding customization and installation, the financial risk for the first year will be around 230.000€.

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 European Funding
1. The respective R&D result has been developed through EU support (INTERREG III B) and no further support is envisaged for it.

2 National Funding
1. National Innovation Programs, for example National Strategic Reference Framework (ESPA) could be used for development and marketing costs
3 Private funding
1. Joint venture with potential investor
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)…
The creation of a spin-off, based on joint agreement for technology, licensing and market exploitation, is under consideration although a joint venture with a private investor would be much appreciated.

Decision of evaluation

  • The R&D has a high potential of exploitation
  • The R&D result needs minor revisions
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