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 terms of IPR protection
M.E.G. has been already protected by a patent.

 

…in terms of product development
In terms of product development, Innov@ctors needs a product developer for 2 months (about 4.000 €) for the required development, deployment, testing and engineering.

 

 

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

 

 

 

… in terms of marketing
It can be estimate a marketing cost of about 30.000 € per year (promotion, fairs, conventions, ..).

 

 

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

30.000

30.000

35.000

Personnel

70.000

70.000

100.000

Other running costs

50.000

70.000

200.000

Marketing costs

30.000

30.000

30.000

TOTAL EXPECTED COSTS

180.000

200.000

365.000

Price per Unit

25.000

25.000

25.000

Type of Unit

M.E.G.

Number of Units

5

10

25

TOTAL Expected Revenues

125.000

250.000

625.000

CASH FLOW REQUIRED (REVENUES-COSTS)

-55.000

50.000

260.000

TOTAL CAPITAL required for five years

0

 

SECTION 2: QUALITATIVE FACTORS

 

4

Dimension of identified target groups
 
 

The system is directed to public administration bodies like Municipalities and to companies.

In Italy, there are more than 8.000 municipalities and more than 4 millions of companies (0,5% of them are medium or large companies).

Municipalities: we could estimate to reach 4% of the Italian Municipalities (320)

Companies: we could estimate to reach 10% of the Italian Medium and Large Companies (2.000)

 

 

 

6

Evaluation of financial Risks for R&D result
The project has not 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

1. … FP7

2. …FP8

3.

4.

5.

2      National Funding

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

1. … Business angels and venture capitalists.

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)…
In order to better define the market and the economic and financial feasibility, Innov@ctors should invest time in a market survey and in the project business model definition.

 

 

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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