The feasibility report visualised the overview of performed works and the results of actions defined in the grant agreement, regarding the technological, technical and economic feasibility of the project.
During this project, all the technical issues related to the existing prototype Eco Gum machine have been solved and TRL #7 has been reached, the chewing gum machine is near scale of the operational system, with most functions available for demonstration and test.
Two `prototype’s evolutions have been realised and tested with excellent results.
The small-scale production of the first 7 items to be validated in the operational environment is started.
Communication and dissemination activities have been undertaken, mainly through the presentation in several national fairs and conferences in collaboration with the University, where many researchers have experienced the equipment with great enthusiasm for its performances (imaging quality and speed).
In the last 5 months, we have worked hard to analyse the technical and financial feasibility of EcoGum equipment which has highlighted the novelty character of our chewing gum removal machine and the great advantages that it is able to bring to cleaning professionals companies.
We have organised the work done in 5 tasks:
TECHNICAL FEASIBILITY
The first action of the technical feasibility was an evaluation of the State of the Art on steam on demand technologies. We compared it with the actual solution on the market, and we have spotted the uniqueness and the advantages of our solutions. Reliability and performance testing was undertaken on the 2nd generation prototype and an analysis of the impact of different designs completed. Therefore, CAD design and simulations over different plastic components been realised to find the optimal dimension for the first prototype. In order to be ready for Phase 2 execution, a detailed technical plan to increase the TRL up to 9 has been carried out, as well as a deep analysis of risks related to the action to be done and a mitigation and contingency plan in case of occurrence.
COMMERCIAL FEASIBILITY
The main objective for Task 2 is to create a commercial interest on Eco Gum outcomes and ensuring their commercial usability. In this context, the team defined a shared a dissemination and exploitation plan, in order to broadcast step-by-step results and to make the commercial panorama aware of project developments. At this stage, the dissemination actions aimed at realising a visible, meaningful and recognisable graphic concept for the Eco Gum project, while raising interest about the project within potential stakeholders.
FINANCIAL FEASIBILITY
The overall objective for Task 3, as indicated in the report, is the Financial Feasibility with the evaluation of total capital requirements; assessment of available sources of financing preparation of 5 years financial projections; evaluation of total capital requirements and the return of investment.
ENVIRONMENTAL FEASIBILITY
A specific Task dedicated to the evaluation of the environment has been added to the EcoGum Project during the negotiation and one deliverable has been produced by the team during the first semester.
KEY PARTNER SEARCH
In addition, during Phase 1 execution we have prepared all the boundary conditions in order to be immediately ready for Phase 2 execution: we have found and contacted all the stakeholder’s necessary to efficaciously carry out the project and to launch Eco Gum on market. We have contacted and made preliminary agreements with 2 types of stakeholders: technical (suppliers of components and subcontractors for some of the planned tasks) and commercial (we have made a market analysis developing a commercial plan to successfully introduce our steam on demand technology.)
As a result, we generated a Business Plan comprising of the outcomes of the feasibility assessments within the Phase 2 approach, supported together with a technological work plan for Phase 2.
Beneficiary provides dissemination activities especially information on website that this project has received funding from European Union’s Horizon 2020 research and innovation programme SME Instrument under grant agreement 741920 — ECOGUM — H2020-SMEInst-2016-2017