Periodic Reporting for period 1 - WasteWater Science (A novel affordable, portable and autonomous wastewater treatment unit for the agriculture industry)
Reporting period: 2018-06-01 to 2018-09-30
Wastewater Science carried out a Feasibility Study through H2020 SME Instrument Phase 1 funding. In the study we have analysed and iterated the product through constructive customer development, analysed the local and global market and industry trends, assessed competitive landscape, determined how we can protect our Intellectual Property Rights, assessed business and technological risks, identified organisational gaps, drew a financial plan and a work plan. The outcome is that our solution and business model is possible, feasible, viable, profitable, sustainable and key for our business growth and competitive edge. Wastewater Science will continue pursuing this project.
Business perspectives included:
Task 1 - Operational and Technical Feasibility, including Organizational gaps
Task 2 - In-depth Market Assessment and Commercial Feasibility
Task 3 - Financial Feasibility
Task 4 - Intellectual Property Rights and Protection Strategy
Task 5 - Partners search for building strategic alliances and international reach
Task 6 - Risk Assessment and mitigation measures
Task 7 - Operational Plan
Task 8 - Updated Business Plan
We worked closely with the business coach provided by the SME Instrument programme and our business advisors.
Our company is challenging the status quo of organic waste disposal by offering producers a novel and greener alternative that is more convenient, eliminates disposal and hauling costs and in countries where water is a scarce and expensive resource it recovers water from organic waste, thus reducing significantly their water bills. 70% of the world’s water is used in the agricultural sector. Our novel product creates added value from waste and by-products generated on farm and saves the farmer 85% of costs. Our company has diversified from Big Players and has created an untapped niche market in the $1 Billion wastewater treatment industry. Our solution provides a high economical and environmental impact to the global agriculture sector.