TECHNICAL: 1) Defined Minimum Viable Product, corresponding with APM Solution, including main specifications. 2) Validated value proposition with target clients 3) Pilot testing: monitoring of 63 machines in SAMSON manufacturing plant 4) Defined required certification for commerce in EU. 5) Revised product costs. 6) Established a development plan including: hardware, software, algorithm and Predictive Maintenance. 7) Elaborated pilot plan. 8) Reviewed value chain and reinforced partnerships.
COMMERCIAL: Analyzed 1) target market: Industry 4.0 2) Key success factors, 3) Customers, 4) Competition. Also 6) developed go to market strategy: defined business model, overall strategy, price strategy, scalability, internationalization and willingness to pay of clients, 7) defined risks and mitigation plan, and 8) Assured freedom to operate through patent analysis in the state of the art; and established patent strategy.
FINANCIAL: 1) Forecasted P&L until 2023. 2) Defined financial needs and defined financial risks and mitigation.