Periodic Reporting for period 1 - cleanFIRE (The first pellet stove with ultra-precise air supply that reduces to near-zero the harmful emissions produced during single room heating)
Periodo di rendicontazione: 2019-05-01 al 2019-08-31
RIKA has developed CleanFIRE, a disruptive pellet stove combining the positive features of pellets (cost efficiency, interior design, living climate and comfort) with an innovative close-to-zero emissions and high efficiency approach thanks to our revolutionary CleanFIRE combustion technology.
CleanFIRE has reached TRL 7 through the development and demonstration of a full-scale prototype. The last development steps will be achieved through CleanFIRE project by defining a commercial prototype, validating CleanFIRE technology through the performance of trials and preparing its market deployment through the implementation of pre-commercial and communication actions.
2. We validated our production capabilities, distribution strategy and business model; analysed CleanFIRE competition environment, commercial risks and target customers; defined our dissemination and communication strategy; further developed CleanFIRE market analysis; assessed its regulatory requirements and completed an assessment on CleanFIRE IP strategy that confirmed our Freedom-To-Operate in CleanFIRE target markets.
3. We identified our funding needs and forecasted CleanFIRE financial projections up to 2026, resulting in an updated business plan.
 
           
        