- We have already carried a preliminary study to determine the freedom to operate in the market, and this has yielded positive results, supported by an official freedom to operate analysis which was carried out during the phase 1. - We have already started the necessary steps towards patenting the Quipu Cloud process and to ensure that we remain the leaders in providing such a disruptive solution in the market. We will also seek to trademark the 'Quipu Cloud' name and register our logo to ensure that it can be recognised as unique.
- We have clearly specified the technological scope of our project, and outlined the specifications of the applications and their features, making up Quipu Cloud. In addition, we have undertaken a cost benefit analysis of the proposed system, set up a workplan with well defined tasks and milestones and analysed the possible risks that we may encounter and potential alternatives to mitigate them. We also measured the feasibility of our project on a large scale and analysed the complexity of the industry and the market.
- We have developed a business model to target each of our market segments and evaluated the future services and pricing strategies to offer through QUipu. In the first year, we will focus on targeting small and average sized hospitals and clinics with the aim to obtain market share. In the future we do not exclude the possibility to partner with specialised ultrasound manufacturers to provide a tailored and packaged solution to the market.
- We studied the competition and drew up a commercialisation plan including identification of key partners/stakeholders and positioning in the competition landscape. We also carried out an internal audit to evaluate the required skills and resources to successfully commercialise Quipu.
- As part of the work we have also carried out a financial assessment, forecasted sales volume and break even point as well as estimated operating costs, including personnel, equipment and materials. FInally we prepared a business profit forecast for a 5 year period.
- Following the feasibility assessment, where product, market, industry, financial and legal aspects have been analysed, we elaborated a business plan with a feasibility road map as a basis for the preparation of a phase 2 proposal.