During the Phase 1 project, after piloting our solution, speaking and interviewing the potential partners and customers, the feedback to and reception of the SpinDrive solution has been sincerely positive throughout all cases.
Following the feasibility study, SpinDrive has (1) validated and refined business model, (2) provided input for the further technical development of the solution towards TRL8, (3) completed the market study and the competitor analysis to identify prospective customer segments in Europe as well as to validate the market demand, (4) scanned the relevant IP landscape for attractive gaps, including “freedom to operate” analysis and potential to file additional patent to protect the innovative assets, and (5) planned our dissemination and communication goals.
Furthermore, the participation in conferences, contests and events supported SpinDrive’s business development efforts and demonstrated that the interest in INLET technology is global. This presence will continuously be expanded, by visiting international trade fairs, start-up events and conferences.
Having confirmed the technical acceptance and market potential of SpinDrive with the feasibility study carried out under the Phase I project, SpinDrive plans to apply for EIC Accelerator (SME Instrument) Phase 2 funding to support reaching TRL 8 and in a later-stage scale-up effort.