Funding

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
Submittal of a utility model application after performing patent research. The cost of this is HUF 400,000-600,000 for the patent research and HUF 300,000 for the utility model application. Later, after a period of a year, international rights extension may be possible.

The trademark application that may be submitted, the cost of which is approx. HUF 240,000.

 

…in terms of product development
The cost of testing is 500.000 – 1.000.000 HUF  according to the estimation of the project owner. If the results are good, the product development is HUF 5.000.000 – 8.000.000

 

 

 

…in terms of mass production
Unknown

 

 

 

… in terms of marketing
Unknown

 

Before the required tests described above it is too early to predict any further estimation about the expenses of the project and the funding.

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

Other running costs

Marketing costs

TOTAL EXPECTED COSTS

Price per Unit

Type of Unit

Number of Units

TOTAL Expected Revenues

CASH FLOW REQUIRED (REVENUES-COSTS)

TOTAL CAPITAL required for five years

 

 

SECTION 2: QUALITATIVE FACTORS

 

3

Dimension of identified target groups
 

 

4

Evaluation of financial Risks for R&D result
 

 

 

 

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

  1. 1.  

 

2. National Funding

1. For completing the research a smaller grant of 1.000.000 HUF would be necessary

 

 

3. Private funding

The project is premature for seed or venture capital investment.

 

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 idea of this project is interesting and tries to solve an old and still unsolved demand namely the better orientation of visually impaired or blind people. The proposed solution can be feasible but further biotechnological research is required. Adapting the pin system to touch sensing, i.e. the pressure, the distance between the pins, the optimisation of the grid arrangement all demand further detailed consideration.

Now a closer collaboration with biotechnological research background is necessary to complete the research.

 

 

 

Decision of evaluation (Please keep only the appropriate)

  • The R&D result needs major revisions
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