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|
|IPR has not been yet provided. Estimated costs 10.000 Euros.
|…in terms of product development|
|The product has been developed and finalized, but it must be constantly improved and upgraded to meet the customer requirements.
Estimated value for research in future period is approx. could be 500.000 – 1.000.000 Euros.
|…in terms of mass production|
|This product (system) is not a mass product.
|… in terms of marketing|
|The marketing activity should be focused for selected customers. Cost should be for specialized exhibitions, marketing materials, brochures and data-sheets. Total approx. 5.000 Euros.|
|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|
|Other running costs||25%||25%||25%||25%||25%|
|TOTAL EXPECTED COSTS||200.000 Euros||300.000 Euros||350.000 Euros||400.000 Euros||500.000 Euros|
|Price per Unit||n.a.||n.a.||n.a.||n.a.||n.a.|
|Type of Unit||System according to customers needs & requirements|
|Number of Units||n.a.||n.a.||n.a.||n.a.||n.a.|
|TOTAL Expected Revenues||500.000 Euros||650.000 Euros||750.000 Euros||900.000 Euros||1.500.000 Euros|
|CASH FLOW REQUIRED (REVENUES-COSTS)||300.000 Euros||350.000 Euros||400.000 Euros||500.000 Euros||1.000.000 Euros|
|TOTAL CAPITAL required for five years||1.750.000 Euros|
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|
|Estimated target – regulated markets (electric power system, water supply systems, chemical industry, Government & municipal institutions).
Expected market share of the company (proportion between sales and total company sales in the relevant market) is on domestic market (80 – 100%), and on global market between 2 – 5 %.
|6||Evaluation of financial Risks for R&D result|
|Financial risks are negligible, because the domestic Serbian market has been already prepared for this product and it will be, most probably, sold on the domestic market as soon as the funding is provided .
The domestic customers are Electric Power System of Serbia, water supply municipal companies, as well as , other potential customers in industrial sector which are obligated by the law to take part in funding of the A, S & W systems.
The risks which might arise from the activities taken for penetrating the global market are much higher and the results may be dubious.
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
|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. No funding from EU so far.|
|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. No funding from National funds so far.
|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. No funding from private sources so far.
|1. Development was financed through realization of the pilot project funded by water works public company of Serbia – SRBIJAVODE. The pilot project was realized for dam PRVONEK near Vranje, and the end user is public water supply company of Vranje. The value of the complete project was 270.000 Euros.
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 final evaluation is that this product is well developed and positioned on the domestic Serbian market and that it has potential for the global market in the third world countries. The R&D results have given a developed market oriented product, which is competitive to the already existing products on the international market. On domestic market there is no competition. The cost benefit analysis shows that the product can generate a substantial return on the investment, and that it has potential for further development in regard to functionality and market expansion.
Decision of evaluation (Please tick as appropriate)
|x||The R&D has a high potential of exploitation|
|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|