Activities performed and results obtained:
Task 1: Technology feasibility and IPR strategy: We have evaluated the technical developments necessary to implement, test and validate the new Auto-Anodeto reach our technical goals. We have estimated resources, costs and timing and prepared a technical risk assessment defining mitigation and contingency plans. We have deepened our technology watch and validated the novelty of our product. Finally, we have outlined our IPR strategy concerning Auto-Anode.
Task 2 Market Analysis: We have performed a detailed market analysis of the aluminum smelters industry which includes the specific requirements for anode-hanger repairs, market size and growth trends, buying drivers, competitors, threats and opportunities in the market for the next 5 years. As a result, we have refined our value proposition and performed a commercial risks analysis. Finally, we have revised our commercialization plan and the activities to go to market stage have been planned.
Task 3 Supply chain/distribution channel consolidation: We have conducted a gap analysis identifying skills required for the project implementation. As a result, we have compiled a list of potential partners and supply chain participants.
Task 4 Draft of exploitation and dissemination plan: We have analysed alternative exploitation and dissemination strategies to best address market barriers and opportunities. As a result, our go-to-market plan has been completed with activities for the product exploitation and dissemination in our target markets.
Task 5 Business plan: We have created an updated business plan which includes the evaluation of total investment, financial risks and mitigation strategies. We have performed a 5-year analysis on cash-flow and revenues and estimated project financial indicators such as payback and ROI. Budget for phase II has been estimated and required funding beyond the project has been analyzed.
