Periodic Reporting for period 1 - DroneHopper (DroneHopper: an innovative solution for firefighting through remote-controlled aircrafts.)
Reporting period: 2017-02-01 to 2017-07-31
DroneHopper has developed a patented technology deployed in a leading edge unmanned remote-controlled aircraft that propells nebulised liquid to be directed towards land. The basic idea is to use semi-autonomous drones to release water at very low altitude over or close to the fire, taking advantage of the dynamic characteristics of the drones. This would outperform current operational performance achieved by helicopters or hydroplanes. We can reach closer distances and use water in a more efficient way, spearing time and avoiding the diffusion of the fire to a wider area.
Thanks to the feasibility study, we were able to realign our initial business model and analyse the best strategies for a complete market introduction. The modifications to the business plan were made through feedback from the partners and potential customers. We have introduced new business lines, focusing on different types of customers, as well as an intermediate solution to be offered as entry option for wild fires. The legal and IP studies have allowed us to ensure freedom of operation, both from the legal and regulatory standpoint, as well as from the current state of the art. The financial forecast will allow us to present to investors and have an overview of the economic potential of our project.
All these studies have given us an important insight into all the aspects of our business model. Now we have a solid business plan and a very clear idea of the introduction of DroneHopper into the market, so we are ready to apply for the phase-2 of the SME Instrument.