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 | |
| SIPP –17 EUR.
The cost of submitting a trademark application is EUR 800. |
|
| …in terms of product development | |
| One developer and the project owner will work with a salary of 667 EUR/months/person + insurances 200 HUF/month/person for a year.
|
|
| …in terms of mass production | |
| Mostly with subcontractors, the project owner as expert and one person as customer service will work. | |
| … in terms of marketing | |
| Best practice prospectus – 500 EUR
A good webpage, newsletter – 170 EUR/month. Travelling, taking part on conferences etc. |
|
| 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 | 200 | 200 | 200 | 200 | 200 | |
| Personnel | 20800 | 20800 | 20800 | 20800 | 20800 | |
| Other running costs | 967 | 1133 | 1300 | 2467 | 2467 | |
| Marketing costs | 1000 | 4000 | 4000 | 4000 | 4000 | |
| TOTAL EXPECTED COSTS | 22 967 | 26 133 | 26 300 | 27 467 | 27 467 | |
| Price per Unit | 167 EUR | |||||
| Type of Unit | ||||||
| Number of Units | 50 | 100 | 150 | 500 | 500 | |
| TOTAL Expected Revenues | 8 350 | 16 700 | 25 050 | 83 500 | 83 500 | |
| CASH FLOW REQUIRED (REVENUES-COSTS) | -14 617 | -9 433 | -1 250 | 56 033 | 56 033 | |
| TOTAL CAPITAL required for five years | 25300 | |||||
SECTION 2: QUALITATIVE FACTORS
| 3 | Dimension of identified target groups |
| Only in Hungary there are 5000 architects and other 5000 people/company dealing with sun collectors. | |
| 4 | Evaluation of financial Risks for R&D result |
| A possible large market can be reached with a minimal investment. | |
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. FP7, Horizon 2020
2. … 3. … 4. … |
| 2. National Funding |
| 1. …
2. … 3. … … |
| 3. Private funding |
| 1. Venture Capital company
2. … 3. … … |
| 4. Other |
| 25.300 EUR investment for three years, to cover the loss of the first three years. |
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 program is ready for application; however there are further possibilities of developments, and translation for foreign languages. Application of it is timely actual because of energy efficiency and increasing use of renewable energy. |
Decision of evaluation (Please keep only the appropriate)
- The R&D result needs minor revisions
Tivadar Lippényi
