troyteq Galileo Masters 2013 troyteq Galileo Masters 2013 launch Galileo Masters - The 2012 Competition. - Con Costello

troyteq Galileo Masters 2013 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

troyteq Galileo Masters 2013 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

troyteq Galileo Masters 2013 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

troyteq Galileo Masters 2013 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

troyteq Galileo Masters 2013 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

troyteq Galileo Masters 2013 another potential market … HGV’s road haulage companies fuel represents 39% annual cost we will develop ‘eco-routing’ SatNav for HGV’s.

troyteq Galileo Masters 2013 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)

troyteq Galileo Masters 2013 What has happened since the competition? Since November…

troyteq Galileo Masters 2013 we registered as a business … trading name / limited company trademark registration Domain name

troyteq Galileo Masters 2013 … 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.

troyteq Galileo Masters 2013 … 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

troyteq Galileo Masters 2013 … 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

troyteq Galileo Masters 2013 … currently engaging with VC Careful selection of VC partners: firms with a history in geo-tech history of seed investment companies within “reach”

troyteq Galileo Masters 2013 … 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 !

troyteq Galileo Masters 2013 don’t freak out

troyteq Galileo Masters 2013

troyteq Galileo Masters 2013 … end Best of luck!