Periodic Reporting for period 1 - CFMEBR (Carbon fiber microelectrodes for human brain research and clinical applications)
Reporting period: 2015-02-01 to 2015-07-31
Technical viability study: Our planned products and resolutions have been compared to other existing solutions on the market with significant improvements. Possible technical procedures were investigated and the most suitable solution was chosen with respect to the aimed technology readiness level.
Intellectual property right (IPR) evaluations:
Prior art and freedom to operate searches have been carried out in order to establish our IPR claims and also to avoid conflict of interest with third parties. All results proved to be favorable to our solutions; they are patentable and no infringements found with others.
Clinical research and CE marking:
A detailed clinical trial project plan requirements analysis has been compiled in order to execute prudent clinical trials during Phase 2 and to achieve CE mark.
Phase 2 project plan:
Based on the feasibility and technical viability checks, a professional detailed project plan has been established utilizing international professional methods. We used agile project planning method. A 1.930 thousand EUR project was developed with the aim of developing TRL9 CFMs and obtaining CE marking.
Market research and business plan:
Primary and secondary market research have been conducted in support of our business model calculations. Our elaborated business plan has been compiled in harmony with results of the primary market research and the freedom-to-operate analyses.