Periodic Reporting for period 1 - Bulhnova (LIQUID BIOFERTILIZER FORMULATED WITH PLANT GROWTH PROMOTING RHIZOBACTERIA)
Okres sprawozdawczy: 2019-11-01 do 2020-02-29
We conducted an in-depth market study to identify the size of the target market (global bio-fertilizer market); the market needs and the market segmentation (by geography, type and crops being cultivated) and have come up with our sales strategy and distribution network for Bulhnova. We refined our intended sales processes for Bulhnova through the help of the SME coaching services. We have conducted our freedom to operate analysis and can confirm that there are no restrictions to the commercialization of the Bulhnova.
We assessed our skills gap for the successful complementation and commercialization of Bulhnova and developed a hiring plan. We generated a comprehensive budget based on the anticipated work laid out in the EIC project work plan. We also developed 5-year financial projections for the Bulhnova post-project completion. Bulhnova is expected to have significant positive impact on our financial performance of Probelte, increasing annual revenue by >45%.