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
In order to evaluate the protection needs, a prior-case assessment to the identification of innovative technologies could be done (for example by the PatLib network, established in Area Science Park).

This analysis does not provide significant costs, while the cost of a patent in Italy is about 2.500 €.

 

…in terms of product development
In terms of product development, Innov@ctors is not able to estimate an amount of costs.

 

 

…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.

 

 

 

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

Personnel

65.000

65.000

100.000

Other running costs

Marketing costs

n.a.

n.a.

n.a.

TOTAL EXPECTED COSTS

Price per Unit

n.a.

n.a.

n.a.

Type of Unit

Number of Units

15

15

20

TOTAL Expected Revenues

 

CASH FLOW REQUIRED (REVENUES-COSTS)

TOTAL CAPITAL required for five years

 

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
 

The system is directed with priority to public administration bodies (Municipalities and Regions) and to public companies and concessionaires for motorway construction and management and for related transport services.

In Italy there are 24 concessionaires for the motorways management and there are 20 Regions and more than 8.000 municipalities, but only the larger ones (for example the first 500) should adopt this kind of R&D result.

 

Starting from these data, we can estimate that the potential market for this R&D result will be about 10%. Each potential user could buy from 1 to 10 systems (an average of 5 systems).

 

 

 

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

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.

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 potential market and the economic and financial feasibility, Innov@ctors should invest time in the system development.

Considering the lack of an important partnership; and considering in the meantime the variety of products developed by Innov@ctors, it might be appropriate to focus on a most developed product.

 

 

Decision of evaluation (Please tick  as appropriate)

 

The R&D has a high potential of exploitation

The R&D result needs minor revisions

The R&D result needs moderate revisions

þ

The R&D result needs major revisions

The R&D result has no potential of exploitation

 

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