Periodic Reporting for period 1 - TRANSAFELOAD (TRANSAFELOAD: Testing the real behaviour of packaged loads during transport)
Reporting period: 2016-06-01 to 2016-09-30
Nowadays big brand owners, packaging manufacturers and logistic companies faces losses of €50.0009 million/year worldwide due to goods damages during transportation. Governments across the world are implementing rigorous guidelines to ensure quality of packed goods and safety during their delivery, leverage the global growth of the testing market from €11,1 billion in 2014 to €24,4 billion by the end of 2020 at a CAGR of 14,70%. Packaging testing is an integral part of these initiatives as it simulates the risk damages experienced by the packed goods (boxes, pallets or loads) during their distribution and helps both packaging optimization and goods transport safety. In Europe, the European Commission has established the directive 2014/47/EU for safe shipment of goods. Next year, in 2017, this directive will force all the transport players to ensure the stability and safety of the loads from detrimental movements. In spite of the European concerns, currently in the market there is a lack of accurate and price competitive simulation equipment supporting the European goals
In our Phase 1 proposal we introduced the lack of European technologies supporting EU initiatives to improve safety during transport. With our business we will bring to the transport simulation market the first European tool able to reproduce risk transportation damages: vibrations, drops, impacts, and compression, aiming to improve packed goods. Our integral solution is 30% more price-competitive, with the broadest load range for goods packaging test simulation (from small boxes to 2 Ton loads) and able to reproduce real 3D detrimental movements, thanks to its patented mechanism.
During Phase 1 we have set financial and technical objectives and a detailed plan to bring TranSafeLoad to TRL9. As a third objective we have defined a robust business plan understanding all the gains and costs to commercialize TranSafeLoad successfully.
In our Phase 1 proposal we introduced the lack of European technologies supporting EU initiatives to improve safety during transport. With our business we will bring to the transport simulation market the first European tool able to reproduce risk transportation damages: vibrations, drops, impacts, and compression, aiming to improve packed goods. Our integral solution is 30% more price-competitive, with the broadest load range for goods packaging test simulation (from small boxes to 2 Ton loads) and able to reproduce real 3D detrimental movements, thanks to its patented mechanism.
During Phase 1 we have set financial and technical objectives and a detailed plan to bring TranSafeLoad to TRL9. As a third objective we have defined a robust business plan understanding all the gains and costs to commercialize TranSafeLoad successfully.
During P1 we have set the technical requirements with the aim: 1) to diminish the manufacturing cost of TranSafeLoad machines, 2) to optimize the machines functionality and 3) to scale-up their manufacturing.
For the pre-commercialization of TranSafeLoad objectives: 1) we carried out a FTO analysis, indicating that we have freedom to operate in our target markets (Europe, USA and Asia; 2) we also set a strategy for IP management to protect data during Phase 2; 3) we held up to 15 meetings with different Big-Brand Owners, packaging manufacturing companies and R&D laboratories indicating that there is positive response from our current clients and purchase intention (we have sent 5 sales quotations); and 4) we set a promotion and communication plan for TranSafeLoad.
We estimate funding requirements of € 1.891.947,18 to bring TranSafeLoad the market and to gain a cumulative turnover of €23,95M and to create 18 new jobs by 2023.
For the pre-commercialization of TranSafeLoad objectives: 1) we carried out a FTO analysis, indicating that we have freedom to operate in our target markets (Europe, USA and Asia; 2) we also set a strategy for IP management to protect data during Phase 2; 3) we held up to 15 meetings with different Big-Brand Owners, packaging manufacturing companies and R&D laboratories indicating that there is positive response from our current clients and purchase intention (we have sent 5 sales quotations); and 4) we set a promotion and communication plan for TranSafeLoad.
We estimate funding requirements of € 1.891.947,18 to bring TranSafeLoad the market and to gain a cumulative turnover of €23,95M and to create 18 new jobs by 2023.
In terms of environmental sustainability, our solution provides to logistic companies, goods’ and packaging manufacturers and packaging simulation centers a tool for reducing the defective packaging during transportation (which represent €50.000 million worldwide and the 20% of total current losses in the sector). Moreover, aligned with the directive D1994/62/CE mandatory by 2017, TranSafeLoad will reduce the amount of extra packaging material used (nowadays 30% of the final package cost). This reduction will have a positive environmental impact since it can reduce waste up to 10% of the quantity of material used for packaging, which will be translated into €800 million/year.