Funding

PART a: IDENTIFICATION OF R&D Result

 The project team

Advisor’s Name: Department of Technologies and Materials
Phone: +40.723.163396
E-mail: dumitrudc10@yahoo.com
Expecting date of valorization plan submission:  20.01.2012

 Identification of R&D activity

Acronym: DTM
Author of the R&D result:  Dr. Eng. Dumitru Constantin
Company or University:  UNIVERSITY OF  CRAIOVA, ROMANIA
Phone:  +40.723.163396
E-mail:  dumitrudc10@yahoo.com
Sector:  ENG – Engineering
Type of the R&D result:   Information Product

 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
 To protect intellectual property rights through technology licensing nationally the estimated costs are about 900 Euro.
…in terms of product development
 The costs related to additional research on the model development and its validation are estimated at about 1000 Euro.
…in terms of mass production
-

 

… in terms of marketing

 By combining the resources of all categories within the marketing programs that have in view to achieve the objectives proposed in relation to markets. Market forces include: market demand of different consumers / users, their location, direction of investments, distribution methods, promotional media, the legal framework.
Marketing costs are estimated at 1200 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

Year 1

Year 2

Year 3

Year 4

Year 5

Fixed costs

1.000

Personnel

1.000

Other running costs

600

Marketing costs

1.200

TOTAL EXPECTED COSTS

3.800

Price per Unit

3.800

Type of Unit

Numerical model for simulation modeling of extrusion molding process of sintered  pre-shapes made of metal powders

Number of Units

1

TOTAL Expected Revenues

 

CASH FLOW REQUIRED (REVENUES-COSTS)

 

TOTAL CAPITAL required for five years

Capital required for starting the business: about 8500 Euro

Capital required for covering the total estimated costs: about 8500 Euro       

SECTION 2: QUALITATIVE FACTORS

3

Dimension of identified target groups
Detailed comment

The size of identified target groups  (industry operators, teachers, researchers), refers to their  ability, structure and area (location).

Romania is a market space for software products that are designed for optimization of molding process by extrusion of sintered pre-shapes made of metal powders. This market has been growing  continuously, it volume increasing at a steady pace.

4

Evaluation of financial Risks for R&D result
Detailed comment

Given the high costs for developing software products to be competitive on the market, financial risk was assessed as medium related to research results.
The main obstacles that are a potential brake on product development and can even lead to failure are as follows:
- Lack of know-how on product knowledge (tools, procedures);
- Numerous uncertainties related to phenomena time lining (vision, future forecast), high number of actors involved, practical implementation techniques, rapid evolution of regulations);
- Non-understanding of certain stakes (cost reduction, competitive opportunities);
- Possibilities of sales falling caused by higher prices.

 

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

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 
  1. 2. Seventh Framework Programme – FP7
  1. 3. INTERREG  

4. Others

2. National Funding

  1. 1. National Plan for Research, Development and Innovation- PN II

2. Sectorial Plan for RDI (Ministry of Economy)

3. Nucleu Programme (National Authority for Scientific Research)

 4. Others

 

3. Private funding

3. Finanţare privată

  1. 1. Own capitals
  1. 2. Banking credit instutions
  1. 3. Business Angels  

       4. Others

    4.  Other

Detailed comment

In terms of funding sources for stages of  design, implementation, testing and validation of experimental model, 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 Research and Development Plan of the Ministry of Economy.

 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)…

Scientifically and economically, the “Software system for optimization by simulation of automated manufacturing systems”, as a research result, is leading to increased competitiveness of Romanian research activity in priority areas of research, namely the expansion of product offerings, both on domestic market and at regional and European / world markets.

The implementation of the software product also generates considerable economic effects, as follows:
- Reducing the  design cycle;
- Increase the quality;
- Cost savings when applied to large scale projects.

Decision of evaluation (Please keep only the appropriate)

  The R&D has a high potential of exploitation

X

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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