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Report

Teaser, summary, work performed and final results

Periodic Reporting for period 1 - WeSmartPark (Giving Drivers Access to Conventional and Electric Car Parking Lots Through the WeSmartPark Enhanced Management System)

Teaser

Summary

The current innovation business project was submitted and approved on December 2014 as a SME Instrument (SME-1) Phase 1 with a total score of 13.66 (4.52 / 4.54 / 4.60). After the execution of Phase 1, during three months, all the objectives have been achieved as scheduled.
The main goal of this action was to identify the technical redesign needs of our solution in order to offer an even more competitive solution. WSP already has the advantage in the sector, as our research depicted, there is no direct competitor offering a solution like ours. Besides the technical part of our business, we also perform several activities related to IRP issues as well as business development.

Work performed

During the execution of the action we have carried out several task to validate our business model and our technical innovation. First we carried out a feasibility study of our entire solution at a hardware and software levels. This task helps us identify the redesign needs for our solution to be top competitors in this market. Also in this section and based in our current business model of Barcelona and Madrid in Spain we have selected 4 more European cities (France, Marseille, Frankfurt and Munich) which will be our main targets for the next H2020 PH2 action we are preparing.
During this period we have also updated business model and financial plan including. We have also descripted a risk table (technical and business related) and IPR issues assessment. The entire business plan in presented in this section. Additionally in section three and based on the activities carried out in this action, we have defined a work plan for a future H2020 phase 2 proposal.

Final results

The outputs for each one of the task carried out during the execution of the current action demonstrate that WeSmartPark represents a novel technology solution that allows the use of existing underused parking lots in densely populated. Furthermore, our solution will count with electric charging stations (EVSE) which will position WeSmartPark as lead in the sector. Additionally, we have been able to compare our solution with others. That said, our solution still shows to be relevant in the current market with room for development (already identified in this action) in order to offer more additional features to our customers.