Periodic Reporting for period 1 - HMCS (Handheld Molecular Contaminant Screener)
Berichtszeitraum: 2019-02-01 bis 2019-07-31
Feasibility studies were performed in order to technically and economically validate the value of HMCS.
Technical study objectives:
Technical validation of the value of HMCS in terms of sensitivity (parts-per-billion), portability (< 9kg) and speed of detection (< 30 seconds).
Economic study objective:
Insight into lacking information about market and the decision making unit (farmer-food companies relationship) in order to validate the business plan.
In technical feasibility study a miniature portable mass spectrometer platform was developed to validate the value of HMCS validate in terms of sensitivity (limits of detection), portability (weight) and speed of detection by using novel light weight materials and methodologies. The study resulted in a portable <9 kg platform that is able to measure contaminants at a speed of <30 seconds with a sensitivity in the range of parts per billion.
Economic Feasibility Study - Action performed and results:
In economic feasibility study a market research was performed by interviewing potential customers/users (i.e. food companies, farmers and opinion leaders) in order to validate the return of investment for customers and to consolidate the business model.
The outcome of the economic feasibility study resulted in the validation of business model.
Major companies in Netherlands now spend approx €1 million per year on analysis, we can cut cost with 70% because they only need 6 (@50k€) of our HMCS to do all the work. This is to demonstrate the Return of Investment (ROI) in unpretentious terms.
Above all the most important societal factor which outweighs everything is social responsibility, it is always better to prevent than to be precarious to the society by letting the contaminated agricultural produce down the supply chain. Detection of contaminants in agro and food products and pre-empt to stop contaminated food from entering the supply chain means better quality food for our society.