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Technical-economic feasibility studies

GearUp offers integrated consultancy services for the creation of technical-economic feasibility studies. This process includes an in-depth preliminary analysis of technical utility and feasibility, based on engineering foundations. subsequently, we proceed with a detailed economic analysis, which includes the evaluation of the skills and resources available for the development of specific components, integrated systems and/or new products. GearUp also provides useful information on the opportunity to patent the project idea, also examining any regulatory aspects that could influence the applicability of the proposed technical solution. The feasibility study is therefore fundamental for the customer before committing significant resources to its implementation.

How many phases does the technical-economic feasibility project have?

The technical-economic feasibility study service offered by GearUp is divided into several crucial phases to guarantee a complete and detailed analysis:

  1. Preliminary Analysis of Utility and Technical Feasibility:
    • Initial evaluation of the usefulness of the project.
    • In-depth analysis of technical feasibility based on engineering foundations.
    • Identification of technical requirements and potential challenges.
  2. Detailed Economic Analysis:
    • Evaluation of skills and resources available for development.
    • Detailed analysis of costs and expected revenues.
    • Estimate of time and resources needed for implementation.
  3. Assessment of Skills and Resources:
    • Identification of the skills necessary for the development of the project.
    • Evaluation of the human and technical resources available from the client.
  4. Development of Specific Components, Integrated Systems and/or New Products:
    • Detailed design and development of specific project components.
    • Integration of complex systems or new product development, if applicable.
  5. Patent Opportunity Assessment:
    • Analysis of the originality and innovation of the project.
    • Evaluation of the opportunity to protect the design idea by patent.
    • In-depth analysis of the regulatory aspects that could influence the applicability of the proposed technical solution.

6. Presentation of Information to the Customer:

  • Detailed communication of the results of the technical-economic analysis to the customer.
  • Discussion of risks and opportunities (SWOT analysis) identified during the feasibility study.

7. Strategic consultancy to the client:

  • Provision of strategic advice based on analysis results.
  • Recommendations for the final decision on whether or not to continue the project

The service concludes with the presentation of a complete and fundamental feasibility study for the customer before committing significant resources to the realization of the project.

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