In this study, along with development of a business plan and communication with the end user, we have performed supply channel analysis, market research, IPR management, KPI definition and associated risk analysis. We have communicated with our current customer bases and other OEMs of automotive, tire 1&2 suppliers of automotive, OEMs of joystick etc., aiming to ensure and explore the market of the GrapheneSens product at global level. We have already signed an MoU to set up a joint venture with Badve Engineering (a large manufacturing company in India with turnover over $300 million) to exploit the emerging market in Indian and the South Asian market. Recently, we have signed an MoU with Creative Lighting Solutions. Within the next few months, we expect to receive few more of the signed MoUs. In task 2, we have defined KPIs relevant to different process of manufacturing graphene based position sensors. In task 3, we have performed detailed market research which elaborates the size, growth and trend of our primary and secondary market segment. In task 4, we have performed supply channel analysis to evaluate quality graphene suppliers with whom we might sign long term contract. The graphene supplied by the Cambridge Nanosystems matches with the desired specification, hence, they might be a good option with whom we can sign long term contract for quality graphene supply.
In task 5, we have performed freedom to operate analysis and formulated IPR strategies with the support of IP expert. After reviewing patent and CORDIS databases, we have become confident that we have the freedom to operate and that there is sufficient ‘white-space’ for us to protect and exploit Graphenesense concept and technology components within the EU, US and globally. In task 6, along with SWOT analysis, we have performed risk anlysis associated to technical, commercial and environmental aspects which will assist us to proceed with the Graphenesense concept for the next stage of development.
In task 7, with the support and advice of the EC coach, we have developed a business plan incorporating the findings of the previous tasks. For the next stage development of GrapheneSens project, we were advised to perform environmental performance evaluation of our product in addition to the demonstration of techno-economic performance of the product. Environmental performance evaluation will illustrate the resource and energy consumption at product lifecycle stages. The EC coach has outlined few aspects of our product which will lead to ensure superior environmental performance compare to SOA contact sensors.
