Periodic Reporting for period 1 - MIMODETECT (Improved detection of underground pipes by Multiple Input Multiple Output (MIMO) radar for The Radar Networks)
Periodo di rendicontazione: 2016-08-01 al 2016-11-30
Our aim is to commercialise The Radar Networks (TRN), a non-intrusive, accurate and compact solution providing detailed information of shape, size and material of the pipe networks in a variety of soil conditions and depths as well as a faster data analysis.
DetectReseaux received grant for feasibility assessment purposes (phase 1) within the Horizon 2020 SME Instrument. The objectives were to carry out a technical assessment, a partner survey, and to update the business strategy prior to demonstration and commercialization.
Technical feasibility: We investigated parametrisation of TRN for various soil conditions and under different operational configurations, and evaluated data output and processing for best display. We also identified potential technical barriers and solutions, mainly related to the data processing methods
Survey of European stakeholders: We identify potential partners and selected possible European manufacturers for manufacturing our solution.
Commercial feasibility and business plan: we developed a detailed market analysis, which showed a favourable market up to 2030. We prepared a detailed commercialization and dissemination strategy, and performed an in-depth FTO, which guaranteed that TRN is freely exploitable.
Financial plan: We reviewed all forecasts, and estimated accumulated revenue of €21.7 million by 2022, after 3 years of commercialization, with an accumulated overall profit margin of 32%.