Troyteq Galileo Masters 2013 troyteq Galileo Masters 2013 launch Galileo Masters - The 2012...

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www.VicinitySystems.com

Galileo Masters 2013

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Galileo Masters 2013 launch

Galileo Masters-

The 2012 Competition.

-Con Costello

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summary

winner of 2012 Galileo Masters regional competition

Next 10 minutes:

1. our experience

2. our technology idea

3. what have we been up to since

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our competition experience

• very positive - has really helped

• support from National Space Centre has been excellent

• Office space, marketing support, business plan, investment advice

• NSC Mentorship – excellent insight & network of contacts

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our idea - electric vehicle range extension

It’s generally accepted that Electric Cars will dominate consumer transport long term

• fuel prices continue to rise

• EV’s the most promising technology path away from oil

• Problem: Poor driving range

Source IEA 2012

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the solution: the connected car

Internet connected cars are emerging

- Satcom- 4G Mobile

A Tablet PC on the dashboard

•Live system updates

•Linux Based operating Systems (android)

•On-board Diagnostics

•Touch Screen control

•Remote charging control

•Integrated Entertainment

•Remote start & heat

•Web Access

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our idea

No problem dear, plenty of

juice left…

?

• A new form of SatNav which predicts “the most efficient driving route”

• We analyse geography to predict the power which will be used by each route. E.g. By climbing a hill, traversing traffic, etc.

• We deliver a route prediction to the car SatNav, or any mobile device

2012 Winner

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another potential market … HGV’s

• road haulage companies

• fuel represents 39% annual cost

• we will develop ‘eco-routing’ SatNav for HGV’s.

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• OEM vehicle manufacturers who wish to increase sales

• Existing navigation providers who wish to join the EV market

• Emerging navigation providers seeking a differentiator

… our customer (B2B)

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What has happened since the competition?

Since November…

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we registered as a business …

• trading name / limited company

• trademark registration

• Domain name

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… and wrote a patent

• innovative, novel, inventive step

• not already known to the world

… talk to the Patent Office

Important:Never release information which would permit a ‘skilled practitioner’ build the invention.

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… we became investor ready

Business plan:

• company objective • explain the technology• show an experienced team• explain the market• show the commercial opportunity• provide revenue forecasts• demonstrate funding required

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… registered as Enterprise Ireland client registration

•€1m+ revenue & 10 jobs in 3-4 years (hpsu)

•Feasibility grants, Innovation vouchers

•will typically invest 50:50 with another VC

•Various research & development supports

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… currently engaging with VC

Careful selection of VC partners:

•firms with a history in geo-tech

•history of seed investment

•companies within “reach”

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… competition tips

Focus on:-

• “Need to have” products rather than “nice to have” products

• Solutions to huge business or social “problems”

You must be able to:

• Explain it to your granny in less than a minute

• list who you will sell to, and how many of these people there are

• why they will buy it, how much they would pay !

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don’t freak out

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… end

Best of luck!

Troyteq Galileo Masters 2013 troyteq Galileo Masters 2013 launch Galileo Masters - The 2012...

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