score ip update paul h. riley score project director
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Score IP update
Paul H. RileyScore Project Director
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WP8 highlights
Inventor assignment agreement now signed Telecon meeting with IP committee 1 Dec 09
Discuss setting up new Score entity Patent cover and IP assignment costs Review Viveik’s (PTS) proposal for trading entity in HK
Three collaboration agreements signed, Mark Loweth, Dai-Ichi and PTS motors Proposed £20k funds from PTS and GTZ (SA) Cost reduction underway at Dai-ichi Good start but some “treacle” with PTS
Two Patents: Heat exchanger manufacturing Linear Alternator (all Notts inventions)
New Radiant Heat exchanger patent application, Nott and one claim from City.
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Commercial requirements
Need to ensure impact in developing country motivate developing country protect from corruption etc. make profit in developed world
Investors need return how to ensure only from developed world?
Low central management overhead Simple rules, easy to maintain, difficult to breach
Policing Prevent low cost bypass IP protection
Incentive to drive down costs Competitive element
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Score Commercial Entity
Score trading entityNon profit
Developing country
Developed country
Suppliers
• Open book accounts
• Protect investment/ with competition
Employees
• minimise number
• going rate salary
•Shareholders• minimal number • holding ∞ investment
• return to Universities• License
Orders. Std pricing
Finished goodsor kit of parts
Kit of parts + subsidy +
plans
Profit
Web based trading and financial control. Open book
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Supply Chain
Design authority with Score team until 2012 Manufacturing Engineering with Dai-ichi and
possibly PTS motors for short term Trading entity as central place to take orders, it
then organises delivery of parts. Deliver through
Local Universities NGO’s Local Distributors Large corporations
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Phases
Testing 2010, Funding required £350k (about 50k raised so far)
» £150k for 150 off prototypes, – Target unit price is £1k with £800 cost– £200/ unit returned to cover central costs (Patents etc.)
» £150k to retain key staff over 1- 2 years» £50k for travel, manufacturing evaluations, tooling etc.
Cost reduction and roll out 2011 - 2012, Funding required £3M (to cover 5 years)
» £500k capital costs (tooling etc)» £1M to retain key staff for 5 years» £250k central costs (Patents, Lawyer, accountants etc)» £250k manufacturing trials» £750k initial production manufacture» £250K marketing etc.
Income generation starts in this phase Volume Manufacture
After 2013 income builds to > £10M pa Funded by a mixture
» micro-finance (income from target households)» International development agency subsidy for very poor regions» Profit from sales to developed countries
Rate of penetration (developing) depends on manufacturing cost and amount of subsidy» At £60 per unit, total market = £300M (excluding subsidies) to 14m Households» At £20 per unit, total market = £30B to 500M households
Developed country market not yet determined
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Entity questions
Location, HK. UK? Management make up, PHR, Viveik Saigal, Pablo? Investment protection
Dai-ichi exclusivity for a period PTS motors exclusivity for a period
Company control Make up of shares and shareholding Shares proportioned to investment?
Initially value Score at £2M? (research grant total)» Possible JV with University having minority share» Controlled by PHR