Based on the customer´s feedback and tests from the 1st generation Proxipel, technical issues have been addressed for further development. This includes main issues such as higher production rate, improvement of easiness to operate, better process control system, and adjusted layout. Likewise, the scaled-up production for the 2nd generation Proxipel has been planned and budgeted in a 24 months work plan (EIC Accelerator project). A detailed roadmap describing which markets to enter in the upcoming years has been made. We have made contacts with potential partners for further development and manufacturing of the 2nd generation Proxipel. From the commercial side, the objectives were to update our commercialisation strategy and refine our revenue model, estimate the market potential and the market share in key markets, with an update of the wood pellets and agropellets prices. Relevant standards and regulations have been studied to prepare for European market launch. Also, Proxipel’s FtO has been confirmed as there are no published patents which might prevent the patentability and commercial exploitation of the innovation. From the financial point of view, the objectives were to estimate the budget needed to bring Proxipel to the market and to perform a detailed forecast for the first 5 years of commercialisation.