Periodic Reporting for period 1 - WIMUACT (TECHNOLOGY FOR THE IMPROVEMENT OF SPORTS PERFORMANCE IN NON-PROFESSIONAL CONTEXTS)
Berichtszeitraum: 2017-06-01 bis 2017-09-30
However, between elite professionals and the mass consumer demand there exists an additional, separate market segmentation of highly motivated competition level athletes and organized team sports participation with semi-professional or amateur status, where currently there is no existing solution, made up of over 22 million federated clubs and organizations around the world.
Our objective is to launch the first wearable device and performance analytics system specifically targeted at this market segment, where currently there is no existing solution.
We also investigate Intellectual Property and patent applications internationally for risk assessment and awareness of any potential conflicts and to evaluate opportunities for protecting our own product development.
Thanks to the work completed in the project so far we have developed a fully working laboratory prototype and thus been able to validate the economic viability of the project, gaining valuable financial insight for the project which can be summarized as follows; NPV (Net Present Value) over 5 Years exceeds €8.0 Million; IRR (Internal rate of return) 81% and a return on investment within 26 months; Rate of Yield Performance Index above 6.0 Euros for each Euro invested in the project.
The possibilities to expand our technologies beyond sports related performance analytics are becoming more evident as we see new opportunities in all aspects related to health, wellness and fighting obesity and other global related issues.