Periodic Reporting for period 1 - MEMBio (Application of Microbial Fuel Cells for waste water treatment)
Reporting period: 2018-06-01 to 2018-09-30
TECHNICAL FEASIBILITY RESULTS
The technical feasibility assessment performed has enabled us to define the tasks and the roadmap to consider in our technical development plan for the next 2 years in order to develop for the final MFC prototype construction. The work performed during this Phase 1 has allowed us to perform an in-depth regulation standards related to water and wastewater treatment. Finally, we have identified the most suitable suppliers to achieve the large-scale manufacturing of our MFC.
COMMERCIAL FEASIBILITY RESULTS
We have explored the market opportunity of our technology within the market by analysing the water treatment sector, especially the water treatment segment, where our solution could take full advantage of its potential. After asses the market strategy for the commercialization of our solution, we have decided to divide it into three phases: MEMBIO development, market entrance and international expansion. Finally, our FTO analysis showed that there is no public patent that represent a risk for our business plan and we have decided to protect MEMBIO by means of secret.
With a total value of more than € 534 bn in 2016, of which € 46 is coming from water treatment systems, is evident the great potential of the water market. This observation sustains the significant business opportunities for the MEMBIO project, especially within the water treatment segment, the one we aim to enter and so the one to which we will devote the next technical and commercial efforts.
FINANCIAL FEASIBILITY RESULTS
Once we have carefully analysed during the financial feasibility analysis, we conclude that our project will be highly profitable under any described scenario we have analysed as the more realistic scenario provides a ROI of 325% in 3 years. Based on our commercialization strategy we have fixed a price of 180 € in developed countries and 140 € for developing countries. We have established the total funding requirements for the execution of the MEMBIO project in € 1,502,946.