Periodic Reporting for period 1 - MI-BIKE (World's Most Individual Bikes and e-bikes)
Reporting period: 2017-08-01 to 2017-11-30
MI-BIKE allows mass-manufacture of 100% customized (e-)bikes, designed from medical & orthopedic parameters for optimal, comfortable and healthy use. We have developed (1) an algorithm able to design perfectly tailor-made (e-)bikes and (2) a fully-automated manufacturing system, thus making it affordable. We will reduce a 40% the weight of our frames by introducing carbon material in our new frames and will integrate our self-developed batteries for e-bikes, which will require further modification of said frames.
We carried out a deep study about the global bike market size and the European bike market’s status quo (detailing specifically those countries we will tackle during our market uptake). We analyzed our end-users, competitors and communication and dissemination strategies. We carried out a commercial assessment and defined an exploitation strategy. A deep IPR analysis was realized and no conflict with existing solutions was found. Finally, we analyzed the financial feasibility, including a business plan for the first five years after the project.