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
A software can’t be protected by a patent.

Within European Union member states, indeed, a computer-implemented inventions which only solve a business problem using a computer, rather than a technical problem, are considered unpatentable as lacking an inventive step.

Software is protected as works of literature under the Berne Convention. This allows the creator to prevent another entity from copying the program and there is generally no need to register code in order for it to be copyrighted.

So, in this case the protection does not provide significant costs.

 

…in terms of product development
In terms of product development, the proposer needs a software developer for 6 months in order to develop a more accurate software engineering process.

 

…in terms of mass production
There are not specific mass production costs

 

 

… 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

n.a.

n.a.

n.a.

Personnel

n.a.

n.a.

n.a.

Other running costs

n.a.

n.a.

n.a.

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

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 addressed to Post Offices, Banks, doctor clinics, supermarkets and to the places in which there is the risk of queues.

In Italy there are about 14.000 post offices, more than 30.000 bank branches and more than 36.000 among supermarkets, hypermarkets, discounts….

The final customer is the buyer of the application. We can hypothesize the possibility to download the app for free or at a cost of 99 cents.

 

 

 

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.

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 26/2005 (Friuli Venezia Giulia regional law on innovation)

2. … LR 4/2005 (Friuli Venezia Giulia regional law for the development of innovative projects whose objective is the company growth)

3.

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      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 proposer knows approximately the market and competitors.

He should invest time in the app development in order to test and engineer it and to define the business model, the economic and financial feasibility and the opportunity of creating partnerships.

 

 

 

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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