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Report

Teaser, summary, work performed and final results

Periodic Reporting for period 1 - MiniMo-Logistics (MiniMo-Logistics application)

Teaser

Summary

The OPTIN Ltd. development, MiniMo is an online service (SaaS) that fully automates the daily processes of the freight companies and helps in business cooperation between the market participants. During Phase 1 of this grant proposal, a detailed feasibility study has been worked out order to specify the needed new modules/features to elevate the current technological readiness level (TRL 7) to industrial readiness and identified how to prepare for the first business period. In Phase 1, we have modeled the innovation of the project the Phase2 project as well as the first business period related to our developments, potential market channels, applied business models, pricing, utilizations and risks.

Work performed

The study consists of 4 main chapters describing our achievements:
Technical viability: Possible development alternatives and technical solutions were investigated with respect to the aimed TRL level (TRL9). Further developments contain 4 modules to accomplish TRL9. We listed the main competetive advantages against of the competing technological solutions.
IP evaluation: The freedom to operate search has been carried out. After the examination of the patents, we found that there is no patent among the relevant ones, which would be restrictive from the aspect of novelty or freedom to operate.
Phase2 project plan: Based on the feasibility and technical viability checks, a professional detailed project plan has been established utilizing international professional methods. We used agile project planning method. A 1.902 thousand EUR project was developed with the aim of developing TRL9 market ready complex software (SaaS) for the logistics industry.
Market research and business plan: Primary and secondary market research have been conducted in support of our business model calculations. Our elaborated business plan has been compiled in harmony with results of the primary market research and the freedom-to-operate analyses.

Final results

Results of our efforts during Phase 1 and upon successful completion of the remaining phases, specific target groups in the logistics industry will have a groundbreaking new complex software (SaaS) that works as an all-in-one solution for the planning and organization, which and also meets the special nature of the industry. In short term the users can reduce their total operation costs and time. Employees can work from home with the online web based interface, so it can help pregnant women on maternity leave, part-time workers or people with disabilities to take part in the labour market. In long term, Minimo-users can realize significant revenue growth owing to the extended partner network and cooperation between companies. Moreover, in this software they can find and establish new international partnerships. By using MiniMo CO2 emission can be reduced by 10-20%, the companies of the European Union will use a superior quality and more transparent shipping service, furthermore the competitiveness of the freight companies in the European Union will increase greatly.