During the SME Instrument Phase 1, we covered the technical, commercial and financial feasibility of StarLink.
In the first part, we analysed the status of the technology validation and studied the key requirements that will need to be developed for the final StarLink market launch (TRL 9). We defined the roadmap for technical improvements including hardware and software, and all the pre-commercial tasks needed.
In the second part, we summarized the results from our market analysis, which combines the well-established vacuum pump sector with the opportunities for growth in the IoT sector. We evaluated our competitors and their solutions, defined the StarLink Value Chain, updated the market strategy and identified potential partners. The Freedom to Operate includes a detailed patent search and our IP management strategy is summarized.
In the third part, we include a summary of the financial viability assessment, including the necessary budget for the development and commercialization of StarLink. A forecast including future revenues and expenses for the five years post-market launch is included.
Risks have been considered across the areas covered in Phase I, including technical, commercial, financial risks and potential legal barriers.