• We have identified and described the technical requirements of SpectraHow and the development steps to: fine tune our algorithms, define IT integration, Good Manufacturing Practices (GMP) certification, and NIR/MIR diversification. As a result of our analysis during the EIC accelerator project we will focus SpectraHow developments on algorithm consolidation and the IT platform development.
• We have designed a roadmap to develop, and test SpectraHow, identifying project development risks (mainly focused on the alignment with client’s needs) and proposed mitigation measures (AGILE methodology)
• We have performed a survey among our current clients to assess their experience and expectations of process Raman analyser software.
• We developed a market analysis and found that biopharma market is an attractive niche where SpectraHow has almost no competitors. Moreover, our expansion to the pharma market is also feasible.
• We have identified market barriers and commercial risks and designed a mitigation strategy accordingly.
• As a result of our market analysis, we have found that our current distributor partner holds the biggest share in the process Raman analyser manufacture market. To further expand our market coverage, we have identified Bioreactor suppliers, flow meters manufacturers and SCADA providers as possible partners.
• As biopharma is a small market niche, we have defined our dissemination plan to have high impact via specialised conferences.
• We developed an FTO analysis that confirmed the possibility to commercialise SpectraHow in our target countries and determined the best action plan in order to protect SpectraHow’s related IP.
• We have assessed the investment/resources needed for the development and market launch of SpectraHow; and confirmed our current pricing strategy and our preliminary 5-year post-project financial forecast