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 prior-case assessment through the PatLib Network has been done in order to find documents that may be relevant to the novelty and inventive step assessment.

According to the PatLib report, there are patents protecting similar systems. So the team isn’t going to protect the result.

 

…in terms of product development
In terms of product development, Innov@ctors needs a product developer for 6 months (18.000 €) and hardware and materials (about 20.000 €) for the required development, deployment, testing and engineering.

 

 

…in terms of mass production
At the moment, the mass production costs are not predictable.

 

 

 

… in terms of marketing
It can be estimate a marketing cost of about 30.000 € per year (promotion, fairs, conventions, ..).

 

 

 

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

7.000

10.000

12.000

Personnel

40.000

70.000

100.000

Other running costs

25.000

40.000

80.000

Marketing costs

30.000

30.000

30.000

TOTAL EXPECTED COSTS

102.000

150.000

222.000

Price per Unit

4.800

4.800

4.800

Type of Unit

SOB Kit

Number of Units

30

50

80

TOTAL Expected Revenues

144.000

240.000

384.000

CASH FLOW REQUIRED (REVENUES-COSTS)

42.000

90.000

162.000

TOTAL CAPITAL required for five years

0

 

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 to public administration bodies (Municipalities, Provinces, Regions), to companies and to private citizens. In the start up phase, Innov@ctors focuses his market on the Municipalities and museums.

In Italy, there are more than 8.000 municipalities and about 3.500 museums.

Municipalities: we could estimate to reach 4% of the Italian Municipalities (320) and to install 5 kits per municipality: 1.600 Kits

Museums: we could estimate to reach 4% of the Italian Museums (140) and to install 3 kits per museum: 420 Kits

 

Starting from these data, we can estimate that the potential market for this R&D result will be about 1,5%.

 

 

 

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 presence on the market of a number of companies producing and selling video surveillance systems, and the lack of an important partnership; and considering in the meantime the variety of products developed by Innov@ctors, it might be appropriate to valorize the development of other products.

 

 

Decision of evaluation (Please tick  as appropriate)

 

The R&D has a high potential of exploitation

The R&D result needs minor revisions

þ

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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