Periodic Reporting for period 1 - FAST (Functionality by Structure)
Reporting period: 2016-07-01 to 2016-12-31
In the feasibility study, focus is on the application for decoration of plastic items, NILTdeco, as this application is the most mature and closest to commercialization. The decoration application and its corresponding market segment and competing solutions has been analyzed during the FAST project. Other applications of the technology, which are farther from market launch, will still be pursued, as the market size are expected to be larger.
The objective of the feasibility study was to develop a business plan and go-to market strategy which identifies the key activities, the required network, the revenue model and need for investments to enable full commercialization of the technology. This goal has been achieved.
One of the major results of the feasibility study is an application for SME phase 2 describing the strategy and plan for expansion of the FAST technology.