In order to confirm the feasibility of our project, we have carried out a study focusing on 5 main areas:
1) Technical with the aim of improve some issues raised at the end of TRL6, validating the product, and taking advantage of the users’ feedbacks.
1a) We have improved the communication between APP and Cloud system creating a temporary storage area;
1b) The response time of the domotics system is lower, 0.5 sec;
1c) We have designed a prototype of a continuous communication system between guests and hotel suggested by the guests.
1d) We have proved that the guests want the system, so they will use it.
2) Execution Plan for drawing up the phase 2 project activities.
3) Freedom To Operate Analysis in order to make sure that we can freely commercialize SMAPP.
4) Market analysis to identify the most profitable countries to enter (Italy, Spain, France, UK and Germany), asses them (€483 mln – CAGR 5.4%), study our competitors and define our market position.
5) Financial forecasts such as pricing and cost estimation, expected selling quantification from 2019 to 2023, profit drivers, risk assessment. In 2023 the revenue will be over € 12 mln, profits over €9.6 mln, and ROI 12.36.