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.
Staff 

4 scientists, 1 administrative employee and 1 salesmanTOTAL = 108.000 €

Machineries 

  1. (6) Temperature and relative humidity data recorders (dataloggers), wire for connection with a pc, Windows software , start of measurement with a magnet TESTO 175-2

230

  1. (1) Device for measuring flowting particles with a wire for PC connection (RS232C) and software APC Airborne Particle Counter (Biotest)

230

  1. (1) indoor climate conditions and indoor air quality measurement device (control unit), wire for connection with a PC (RS232) and windows software TESTO 445

230

  1. (1) indoor climate conditions and indoor air quality measurement device, wire for connection with a PC (RS232) and windows software TESTO 350 M/XL-TESTO 454

230

  1. (1) Measurement sensor CO TESTO 0632 1247

230

  1. (2) Measurement sensor CO2 TESTO 0632 1240

450

  1. (1) Temperature, relative humidity and air velocity measurement sensor TESTO 0635 1540

230

  1. (1) Temperature and air velocity measurement sensor (Φ16 mm) TESTO 0635 9540

230

  1. (1) Temperature and relative humidity in conductors measurement sensor TESTO 0636 9715

230

  1. (1) Air velocity in conductor exit measurement sensor (Φ100 mm) TESTO 9340 108

230

  1. (1) Differentiated pressure measurement sensor TESTO 0638 1345

230

  1. (1) Set for the graduation of device TESTO 445

230

  1. (1) machine for the impression of surface temperature (thermal camera) type IR FlexCam®

17.000

  1. (2) Measurer of temperature and relative humidity type HOBO LCD Data Logger

400

  1. (1) Device for the measurement (Lazer) of surface temperature type PCE-888 Non-Contact Infrared Thermometers 8818HI8819H/8828H series

100

  1. (4) Measurer – Temperature and CO2 monitor type 7001 Carbon dioxide and temperature monitor

 1450

TOTAL = 21930 €

Graduation of machineries

 IR FlexCam® Pro (1) = 1000

TESTO 175-2  (6) = 1500

TESTO 350 M/XL-TESTO 454 = 250

TOTAL = 2750 €

Marketing

5.000 €

 

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 21.930        
Personnel 108.000 108.000 108.000 108.000 108.000
Other running costs   2750 2750 2750 2750
Marketing costs 5000 4000 3000 3000 3000
TOTAL EXPECTED COSTS 134.930 114.750 113.750 113.750 113.750
Price per Unit 4000 4000 4000 4000 4000
Type of Unit  
Number of Units 30 40 50 55 60
TOTAL Expected Revenues 120.000 160.000 200.000 220.000 240.000
CASH FLOW REQUIRED (REVENUES-COSTS) -14.930 45.250 82.250 106.250 126.250
TOTAL CAPITAL required for five years 590.930
             

 

SECTION 2: QUALITATIVE FACTORS

 

3 Dimension of identified target groups
The target market is consisted mainly by construction firms, architect and civil engineering offices. In Greece the number of firms offering construction services on 2009 were 2.196 (ICAP, Greek Financial Directory 2009). The number of private in individuals that own buildings and public organizations that could be served is difficult to approximate.

 

4 Evaluation of financial Risks for R&D result
The financial risks related with the transformation of the R&D result to a service offered in the Greek market are relatively small. The service that LHTEE offers provides large sale potential. Moreover, the fact that the offering of the service requires a minimum amount of sunk costs (costs that cannot be recovered), makes this investment exceptionally appealing.

  

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 FundingDefine relevance of the product with the following potential funding sources and comment

 

 

2. National Funding
 - National Innovation Programs, for example National Strategic Reference Framework (ESPA) could be used for development and marketing costs-Business loans from Greek Banks 

 

3. Private funding
 - Private capital 

   

SECTION 3: FINAL EVALUATION

 

Considering the current funding opportunities available, the most suitable solutions for deployment of the service are either the creation of a spin-off with the participation of a private investor, or the creation of private firm by an investor. In the second case the investor will provide the capital needed by using private funds and European funding for SMEs, and he will occupy the scientific team as employees or external contractors. The scientific team can buy shares of the firm so as to participate in the firm’s revenues.

 

Decision of evaluation

  • The R&D has a high potential of exploitation 
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