Periodic Reporting for period 1 - E-APIS (A smart, energy autonomous, universal and cost-effective dynamic passenger information system)
Reporting period: 2017-02-01 to 2017-05-31
Our overall objective is to turn ATIP from TRL6 to TRL9 market ready and be able to commercialise it in the international market.
Identified competences and organisational gaps in the company, and devised a strategy to fill in the gaps with talented people and its impact on our business.
Assessed the technical feasibility of the prototype and resulted that system is innovative and feasible to manufacture and sustain.
Task 2 - In-depth Market Assessment and Commercial Feasibility
Carried out an in-depth Industry and Market Assessment on the market size and trends of the Public Transport (focusing on Public Bus Transport) in all EU countries. It resulted that ATIP serves the market needs and is inline with the market trends.
Task 3 – Financial Feasibility
A financial analysis (cashflow forecast) based on costs, market projections and profit margins, have shown that ATIP is feasible, viable, profitable and sustainable to our business.
Task 4 – Partners Search
We have identified and partnered with Technological and Commercial/Market strategic partners to take ATIP faster to market.
Task 5 – Risk Assessment
We have built an elaborate risk register both for the company and for this project. Mitigation plans were created for each risk.
Task.6 – Work Plan
A 2-year Operating Plan to get TRL6 prototype to TRL9 was created.
Task 7 – Elaborated Business Plan
A full Business Plan containing the findings of the Feasibility Study was compiled.
Zero-energy costs since our solution is autonomous and its low power consumption will allow it to operate uninterrupted for days without requiring charging. No need to apply for electricity permits.
Flexible and minimal installation/deployment cost and time since it requires no wired infrastructures.
Zero cost of infrastructure restoration.
Defeat the communication barrier and provide a convenient transport service for everybody.
Better and localised transport statistics for planning purposes and better exploitation of network capacities.
Reduced maintenance cost since our solution, especially displays, are more robust and have a longer lifetime.
Improved customer service
Reputation as a modern enterprise (branding)
Our solution is future-proof and in the future it can integrate payment services such as E-ticketing
Social innovation through people flow technology to create an on-demand transport service
Benefits for passengers:
Improved access to information on installed displays and on smart phone they know how to use
Time savings due to faster understanding of bus routes
Improved convenience and confidence – Improved mobility due to no language barriers, including blindness
More flexible decisions
Enhanced ease of using the Public Transport
Availability to the right of Internet Connectivity through free WiFi
Benefits for authorities (including Governments):
Reduced environment impact: increase in public transport usage and reductions in pollution (buses are being converted to electric vehicles) and traffic congestions since passengers are more willing to use the bus rather than personal car.
Free movement of persons policies start to work.
Adopting country attracts more tourists (increasing sustainable tourism).
A step closer to Smart Cities
Coherence with EC initiative for WiFi4EU
New communication channel for local authorities to communicate with citizens