Proof of concept concerns the development of technical and marketing activity related to the transfer of a technology and its subsequent commercialization. The implementation of proof of concept will typically take between 1-2 years, including a "go, no-go" phase and will be dependent on technical milestones being met and the successful completion of market studies during this time. The technical development carried out during the proof of concept phase will ultimately result in the production of a working model or prototype demonstrating the product's potential value.
The development of emerging technology is dependent on relevant supporting scientific data as well as secure intellectual property (patents, software). The potential to commercialize such technology rests on several key factors:
The first condition is a pre-requisite to future technological development. A key part of Floralis' Business Managers remit is to identify and evaluate technology to proof of concept level
The second condition is, in fact, part of the proof of concept process allowing :
Funding for proof of concept is calculated based upon the expected return on investment that can be achieved following a technology's commercialization. Between 100 - 200K€ in seed money will be raised, either independently or in collaboration with other partners: