Periodic Reporting for period 1 - LICE (LICE CULTIVATOR: Fast mechanical cultivator reducing fuel and herbicide use)
Reporting period: 2019-05-01 to 2019-08-31
Cavalleretti, and Italian company proposes to mitigate this problem with LICE: LICE: a unique mechanical cultivator solution for farmers. This innovative cultivator is based on a patented system of long-lasting discs which increases speed cultivation to almost 20km/h, avoids “sole” effect, increases soil drainage and expansion (penetrates 15 cm instead usual today 5cm), reduces the use of herbicides, easy to maintain, and reduces the need of fuel from 28 lts/ha to 20 lts/ha with reduction on GHG emissions.
Freedom to Operate analyzed several patents. There are man historical patents in such a historical field as agronomic machinery, but no one poses a serious threat to LICE. Also, normative and regulations to be fulfilled are analyzed for the different markets.
Commercial feasibility includes the identification of the different markets, main clients, their size and needs, and commercialization strategy.
Financial feasibility and business plan include a sales forecast, EBITDA estimations, and market risks identification. With an initial estimation of 1.18M€ from Phase 2, indicates an ROI of 4.6. Critical risks (technical and commercial) are analyzed.