floralis grenoble : preuves_concept

What is proof of concept?

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.

Why develop to proof of concept?

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:

  • Market potential : potential products that exploit the technology in question must fulfil existing or future market needs at a price that reflects buyers' expectations
  • The potential to identify an industrial partner to manufacture and distribute the product under terms that make the transfer of the technology financially viable

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 :

  • The accurate targeting of potential industrial collaborate's
  • The minimisation of risk to Industry, through the acquisition of "tried and tested" rather than "raw" technology.
  • The addition of added-value to the technology in question

Financing

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:

  • Floralis's own funds
  • Technology transfer funds made available by the UJF
  • Public funding (National Research Agency, Regional funding etc)