Multi-channel time-to-digital converter sensor with ultra high resolution

Project Information

MCTDC

Grant agreement ID: 672934

DOI

10.3030/672934

Project closed

EC signature date 30 April 2015

Start date 1 May 2015

End date 31 October 2015

Funded under

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

MEDIOTRADE MUSZAKI FEJLESZTO ES KERESKEDELMI KFT
Hungary

Periodic Reporting for period 1 - MCTDC (Multi-channel time-to-digital converter sensor with ultra high resolution)

Reporting period: 2015-05-01 to 2015-10-31

Summary of the context and overall objectives of the project

MedioTrade Ltd., the MCTDC project owner have been developing a multi-channel time-to-digital converter (TDC) sensor with ultra high resolution. MedioTrade Ltd. uses a novel approach in their FPGA based TDC sensors, which allows them to provide great value for their customers.

During the six month long period of H2020 SME Instrument Phase1, a Feasibility Study has been completed including eight tasks. In the task of key organizational and technological issues, our company was examined to ensure that the execution of the project is well structured and to analyse how the project constraints meet the strategic objectives. With the help of the PEST method, we identified the political, economic, social and technological factors which can influence our company. In Task 3 a detailed SWOT analysis was prepared. Our market analysis clarified the size, characteristics, historical growth factors, previously influenced market growth and projected growth rate of our targeted markets. Based on this analysis, we could define and finalize the objectives and opportunities enhancing the position of our product. We have defined the pricing level, the pricing method, the pricing system and the potential discount structure. Based on the pricing analysis, our financial projections were prepared. In the last task, we extensively investigated the market barriers and other risks and prepared a step-by-step plan to overcome them.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

As the conclusion of the action, the following tasks have been completed: We identified the challenges that our specific market segments face. As a planned outcome of the next development phase, specific and customized products were defined with the description of the needed tasks. During negotiations with our Partners, the technological feasibility of the products were validated. Based on the feedback from our partners, we identified our main target markets, which were analysed in detail to provide information on the advantages and limitations of these markets. The analysis has clarified the appropriate market segments which will be in the main focus of the direction of further development. We have completed an organizational analysis to justify the needed organizational modifications for the next product development phase. We presented the latest IP issues and our commercialization strategy to successfully reach the chosen market segments.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

As a final result of the feasibility study MedioTrade Ltd. concluded that the project has the potential and ability to achieve a successful product launch and product life. Therefore the development will continue based on a revised development plan. With additional financial resources we expect an exponential growth of the company in terms of size, revenue and market share.

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