Publication
Development and implementation of an economic and financial evaluation model of R&D Projects: a case study in the mobility sector
| Summary: | Research and Development (R&D) projects have limited budgets, depending on the company’s investment and funding capacities available to the company. That being said, the financial dimension should be included in R&D management at every stage to identify possible risks and evaluate the return on investment (ROI), as soon as possible. This research aims to develop a framework to evaluate R&D projects. The developed economic and financial model (FINECON Model) is a decision-making and evaluation tool for R&D projects and their financial scenarios, designed for entrepreneurs, companies with R&D teams, and, lastly, investors or business angels’ usage, allowing the economic and financial viability study of new products, businesses, and technological startups. The proposed methodology was applied to MobiBUS, an intelligent mobility R&D project developed in Bosch Car Multimedia, in collaboration with the University of Minho. The application of the developed model to the case study MobiBUS supported the whole evaluation, the formulation of good and bad hypothetical scenarios, and the delivery of information to the team and potential investors. In conclusion, the MobiBUS project was evaluated as viable, taking into consideration its resources, product, and used technology, as well as sustainable enough to create a start-up. The developed model can be applied to other case studies in mobility contexts or other technological R&D projects. |
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| Main Authors: | Jacinto, Mariana Madureira Ferreira |
| Subject: | Innovation R&D Projects Entrepreneurship Financial and economic analysis Investment appraisal Inovação Projetos I&D Empreendedorismo Análise económico-financeira Avaliação de investimento Engenharia e Tecnologia::Outras Engenharias e Tecnologias |
| Year: | 2019 |
| Country: | Portugal |
| Document type: | master thesis |
| Access type: | open access |
| Associated institution: | Universidade do Minho |
| Language: | English |
| Origin: | RepositóriUM - Universidade do Minho |
| Summary: | Research and Development (R&D) projects have limited budgets, depending on the company’s investment and funding capacities available to the company. That being said, the financial dimension should be included in R&D management at every stage to identify possible risks and evaluate the return on investment (ROI), as soon as possible. This research aims to develop a framework to evaluate R&D projects. The developed economic and financial model (FINECON Model) is a decision-making and evaluation tool for R&D projects and their financial scenarios, designed for entrepreneurs, companies with R&D teams, and, lastly, investors or business angels’ usage, allowing the economic and financial viability study of new products, businesses, and technological startups. The proposed methodology was applied to MobiBUS, an intelligent mobility R&D project developed in Bosch Car Multimedia, in collaboration with the University of Minho. The application of the developed model to the case study MobiBUS supported the whole evaluation, the formulation of good and bad hypothetical scenarios, and the delivery of information to the team and potential investors. In conclusion, the MobiBUS project was evaluated as viable, taking into consideration its resources, product, and used technology, as well as sustainable enough to create a start-up. The developed model can be applied to other case studies in mobility contexts or other technological R&D projects. |
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