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 terms of IPR protection
See other report on IPR protection

 

 

…in terms of product development
1 year for complete development of a working prototype.

Costs: 1 engineer, 1 technician and 1 person of R&D team (approximately 32.000 € for each one)

 

 

…in terms of mass production
Not applicable actually

 

 

… in terms of marketing
The marketing is dedicated to increase the knowledge of this product towards producers of machinery for food industry, food companies and catering firms.

This product isn’t dedicated to mass market, so the marketing costs are lower because the end users are already been identified (food companies, catering firms).

The marketing costs could be zero if this product will be purchased by a company interested in this technology.

 

 

 

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

4.000

Personnel

96.000

Other running costs

10.000

Marketing costs

TOTAL EXPECTED COSTS

110.000

 

Price per Unit

110.000

Type of Unit

Working Prototype

Number of Units

1

TOTAL Expected Revenues

CASH FLOW REQUIRED (REVENUES-COSTS)

TOTAL CAPITAL required for five years

110.000

 

 

SECTION 2: QUALITATIVE FACTORS

 

3

Dimension of identified target groups
Food sector companies

Catering firms

Producers of machinery for food industry

 

 

4

Evaluation of financial Risks for R&D result
Not relevant

 

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

Not relevant because the product is at the stage of implementation. The developer doesn’t need any european partners for R&D

 

2. National Funding

  1. 1.  Research&innovation funds (POR FESR) could be used for development and industrialization

 

 

3. Private funding

  1. 1.  Food companies that wish to invest in the product development
  2. 2.  Bank loans to start an own spinoff
  3. 3.  Business angel to help start up investment for a new firm dedicated to production of new product

 

 

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 product seems to have very good chances to enter in the market of stabilization and quality of food ready-to-eat, because the proposed technology operates on one aspect (the sanitization of 100% of the surface) up to now missing. In fact, at the moment, there aren’t competitors on this market.

The technology development is good although it is significant to note, at this moment, the lack of a complete working prototype.

The product seems to have optimal characteristics to become a successful entrepreneurial activity, both as a single company that sell this product both as a joint venture with a food industry.

 

Decision of evaluation (Please keep only the appropriate)

  • The R&D has a high potential of exploitation

 

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