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|
|2 years for X-farm development to mass market
- 1 software developer
- 0,5 university researcher
|…in terms of mass production|
|… in terms of marketing|
|The marketing plan can be oriented towards 2 target markets: end users and professional.
Marketing expenses could be defined in about 30.000,00 € for leaflets, advertising in specialized magazines, website, participation in relevant exhibition, promotional events.
|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|
|Other running costs||9.600||9.600|
|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|
|Considering end users and professional, the target is extremely wide.
|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. …ECOINNOVATION is an European fund that supports eco-innovative projects in different sectors which aim at the prevention or reduction of environmental impacts or which contribute to the optimal use of resources.
|2. National Funding|
|1. … POR FESR is a regional fund for innovation and competitiveness
|3. Private funding|
|1. …Joint venture with a software house
2. …Business angel for participation in a spin-off
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)…|
|X-farm has good characteristics to become a successful entrepreneurial activity, with significant qrowth rates and a good return on investment.
The creation of a spin –off and a joint venture with a software house to develop a product easy-to-use seems to be the better solution to approach global market.
Decision of evaluation (Please keep only the appropriate)
- The R&D result needs moderate revisions