SECTION I: ESTIMATION OF COSTS
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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 | |
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The cost of patent solution is amounted 800 MKD. For international use of the patent it`s necessary registration in respective institutions, means there are additional costs.
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| …in terms of product development | |
| In the process of product development, costs were incurred in the amount of 1000 EUR. Costs were incurred for production of various molds for making the elements of scaffolding. These development costs were incurred over a period of 1 year in which the product is developed and they also refer for making trials in which various materials are used. The product can be produced from various materials: iron, plastic, aluminum.
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| …in terms of mass production | |
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In terms of development costs of mass production, primarily they are relating to costs that would be made in some existing plants (foundries). The product can be produced from various materials: iron, plastic, aluminum, according to purpose. Therefore, production costs will depend primarily on the material production and prices of existing plants (foundries) for the preparation of the elements of scaffolding.
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| … in terms of marketing | |
| Above all, this product will be designed for construction companies that work with building contraction, shipbuilding and more.
To implement a good marketing strategy requires making the scaffold as a sample in a realistic dimension that would cost 10,000 to 15,000 Euros depending on the material of construction. It should also be prepared videos as well as a certain amount of flyers and also to participate on trade shows for construction. (Costs 2000 EUR + flyers fair EUR 5,000. |
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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 |
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Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
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Fixed costs |
1 eur |
1 eur |
1 eur |
1 eur |
1 eur |
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Personnel |
3 eur |
3 eur |
3 eur |
3 eur |
3 eur |
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Other running costs |
1 eur |
1 eur |
1 eur |
1 eur |
1 eur |
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Marketing costs |
1 eur |
1 eur |
1 eur |
1 eur |
1 eur |
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TOTAL EXPECTED COSTS |
6 eur |
6 eur |
6 eur |
6 eur |
6 eur |
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Price per Unit |
8 eur |
8 eur |
8 eur |
8 eur |
8 eur |
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Type of Unit |
zglob |
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Number of Units |
10.000 |
10.000 |
10.000 |
10.000 |
10.000 |
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TOTAL Expected Revenues |
8.000. eur |
8.000. eur |
8.000. eur |
8.000. eur |
8.000. eur |
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CASH FLOW REQUIRED (REVENUES-COSTS) |
2.000 eur |
2.000 eur |
2.000 eur |
2.000 eur |
2.000 eur |
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TOTAL CAPITAL required for five years |
6000 EUR Because the product will be produced in existing plants (foundries), required funds are only for order of the elements of the scaffolding from these factories. Calculations of revenue and expenditures are for items made for iron as a material that would be most wanted in construction. |
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SECTION 2: QUALITATIVE FACTORS
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3 |
Dimension of identified target groups |
| Detailed comment
The product according to its characteristics would be primarily intended for construction (80%) and lower part in machining industry, storage and transport (20%).
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4 |
Evaluation of financial Risks for R&D result |
| Detailed comment
Whether this innovation will be accepted from the market primarily from the construction companies. (risk of rejection of a new product) Unfair competition
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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)
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1. European Funding Define relevance of the product with the following potential funding sources and comment |
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1. … FP7 Programme 2. …
4. … 5. … 6. … |
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2. National Funding |
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1. …Fund for Technological Development and patents by the Ministry of Education (weakness of the fund is that it supports with very small amounts) 2. … 3. … … |
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3. Private funding |
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1. … No interest financing for innovation 2. … 3. … … |
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4. Other |
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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)… |
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The project is realistic and affordable for implementation of the financial aspect. It doesn`t need too much capital for its realization and has a high market potential in conditions when making major efforts to reduce construction costs (to increase certainty in operation in business)
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