In order to confirm the feasibility of our project we have carried out a 6-month study consisting on:
-Our technical studies have proved the multiplexing capacity of our sensing chips and the perfect feasibility to differentiate the signal from several POPs. This fact will allow achieving remarkable cost savings per analysis which reach up to 90% of the current methodologies.
- Our market analysis has demonstrated that our target markets are relevant, and show great potential for growth (€2,5-4 billion by 2020). This, together with the uniqueness of our solution (no competitor has a pre-screening method) and the favorable legislative context (regarding environmental regulation) represents a very promising scenario for the deployment of our technology.
- Our thorough financial analysis has demonstrated the economic feasibility of our technologies, with precisely calculated production costs which are realistic and really competitive with those technologies currently in the market. Moreover, our forecast show that the impact can have a relevant economic effect, enabling us to achieve revenues of approx. €14.2 million in the fifth year of commercialization.
- Addressing of all kinds of contacts relevant for our project (collaborators, partners and investors), receiving several letters of support/intent.
- Development of complete Execution Plan for the Phase 2 project, including planning, organization, risk analysis and budget.