By Christina Alehem, Dieter Fuchs, Derya Kücükgöl, Peter Perskull The new wine stopper.

Slides:



Advertisements
Similar presentations
Pricing Decisions and Cost Management
Advertisements

GERMANO CACHINENE TODD CARWELL CHAD RAWLS
Notan The design concept of light and dark. Notan  Notan is the term used by the Japanese to express light and dark. No meaning light and tan meaning.
Fueling Our Future: Setting the Stage for the Coming Hydrogen Economy Arno A. Evers, Arno A. Evers FAIR-PR, Germany The 2003 Hydrogen December 3-5, 2003.
What is Wine What is Wine? “To Serve with Knowledge & Pour with Skill” copyright 2002 The Wine Society of Texas all rights reserved.
Regional Policy Common Indicators: Innovation and Productive Investment Definitions and Discussion Brussels, 22 nd November
Carbon Taxes EU. Germany: Environmental Tax Reform: Carbon German ETR: Five modest steps - first-time inclusion of electricity - road fuel tax increase.
The Sustainable Energy International Youth Competition.
Avantium Chemicals: Carbohydrate based feedstocks for biobased chemicals Ed de Jong Peter Mangnus.
Market Structures and Current Changes
World Wine Trade in 2014 April 17, 2015 Rafael del Rey Spanish Observatory of Wine Markets.
Learning Goals Understand products and the major classifications of products and services Learn the decisions companies make regarding their products and.
Recent Developments and How They Affect Marketing and Pricing Decisions By: Dini, Julene, Lengjen, Yoojin, Bryan.
© 2014 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
New-Product Development and Product Life-Cycle Strategies
Chapter 7: Market Structures Section 3
How is the budget raised The own resource system – The overall amount of own resources needed to finance the budget is determined by total expenditure.
Produced exclusively by Eli Lilly.  Provel is a new division of veterinarian products supported by Eli Lilly Canada Inc. which has a history of supplying.
How was it invented?  Louis Redshaw– a former electricity trader  Proposed in 2004 when he met with five investment bankers  Currently worth 30 million.
Cork is a natural, environmental and renewable industrial raw material, and is typically Mediterranean in the sense that this area is home to the majority.
CORK FLOORING a sustainable choice Alicia Westgerdes HCIA 302 Professor Matthew Ziff March 2, 2009.
Who needs credit & who gets credit in Eastern Europe ? Martin Brown Swiss National Bank & Tilburg University Steven Ongena Tilburg University & CEPR Alexander.
Introducing the Oman Green Building Centre 19 January 2013 City Season Hotel, Muscat Eng. Issam Mansour Chairman.
A New Welfare Model This pictures are from a leaflet written by Swedish Senior Party in Malmö The leaflet discusses how to safeguard the welfare.
Ahmed Atta A Introduction  Algae are a diverse group of primarily aquatic, single celled, plant like organisms. Most algae have characteristics.
Go to Where the Market is! Fuel Cells: Unlocking the Potential for Unknown Future Use Arno A. Evers, Arno A. Evers FAIR-PR, Germany.
EU-seminar 14th of September 2012 Ministry of Health and Social Affairs STOCKHOLM The social priorities of the new French Government.
Chapter 30 product planning Section 30.1 Product Development
Roots, stems, and leaves. Roots Absorb water and dissolved nutrients Anchor plants in the ground  Holds soil in place to prevent erosion Protect from.
Edition Vitale, Giglierano and Pförtsch Chapter 7 Segmenting, Targeting, and Positioning.
Micro Chapter 11 Price-Searcher Markets with High Entry Barriers.
Companies Government Private non-profit organisations Public research foundations From abroad Universities Governmental agencies Financiers of R&D Performers.
Product, Services, and Branding Strategy Chapter 8.
1.How do you face competition in your daily life? 2.How does competition apply to economics in a positive and a negative way? 1.How do you face competition.
New-Product Development and Product Life-Cycle Strategies
Chapter 25 Monopoly. 2 Learning Objectives  Identify situations that can give rise to monopoly  Describe the demand and marginal revenue conditions.
TIMBER COMMITTEE Fifty-ninth session Geneva, 2-5 October 2001 CERTIFIED FOREST PRODUCTS Secretariat Introduction by Jim Bourke, Senior Forestry Trade and.
Does Innovation stimulate employment? A firm-level analysis using comparable micro data from four European countries Harrison-Jaumandreu-Mairesse-Peters.
Section 30.1 Product Development Chapter 30 product planning Section 30.2 Sustaining Product Sales.
Covering Key Aspects  Technical  Environmental  Economic August 8, 2008 EthanolRecycle PaperRecycle.
Pennsylvania Hardwood Industry
The European Union: Single Market and the euro. What do we consider Europe to be ? Europe can mean different things to different people: an integrated.
Chapter 15 Monopoly!!. Monopoly the monopoly is the price maker, and the competitive firm is the price taker. A monopoly is when it’s product does not.
Chapter 9- slide 1 Copyright © 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter Seven New-Product Development and Product Life-Cycle Strategies.
Energy from Biomass: Liquid Biofuels Vitor Goncalves, Eric Lin, Jay Yostanto Sustainable Resource Engineering - Fall 2015 with Professor 박준홍.
Internationalisation Strategy Refresh Baseline data analysis Research Team Spring 2016.
International Marketing
Warm-Up If the price of the following items were to increase/decrease significantly, would you buy more, less, or the about same amount? Why? 1.School.
Waste Management in the Rural Sector South West Rural Update Sandy Park – Exeter 19 th February 2008 Neil Holland – Mil-tek Direct Re-cycling & Waste Management.
© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Precision Gearbox Market size.
Chapter 30 product planning Section 30.1 Product Development
Summary: The Company Corticeiras’ Amorim Group
The History of Cork By: Patrick Duggan.
Global Building Thermal Insulation in Residential Market to grow over 4% through to 2024 : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn.
Monopoly Chapter 9.
INDUSTRIAL ANALYSIS “By means of industry and perseverance you will rise higher and higher.” Robert Schumann.
Pricing Decisions and Cost Management
Introduction to Market Structure
Katrin and sustainability.
Drug of Abuse (DOA) Testing Market to Reach $9.1 billion by 2023.
For the World Economy Availability of business services and outward investment: Evidence from French firms Holger Görg Kiel Institute for the World Economy,
Markets.
@ 2017 Global Market Insight, Inc. USA. All Rights Reservedwww.gminsights.com Biodiesel industry analysis research and trends report for Global.
Solar Power: Our Future or False Promises?
Unit five – business types and market structures Part IV
Introduction to Biotechnology
FMA 601 Foreign Market Analysis
Introduction to Biotechnology
INDUSTRIAL ANALYSIS “By means of industry and perseverance you will rise higher and higher.” Robert Schumann.
Unit -1.
Presentation transcript:

By Christina Alehem, Dieter Fuchs, Derya Kücükgöl, Peter Perskull The new wine stopper

Cork oak, Quercus Suber The cork oak grows in the western Mediterranean region Portugal accounts for 50% of world’s cork production Cork is derived from the bark of the tree The oak has a life span of 200 to 250 years The virgin bark is cut when the tree is 25 to 30 years old After that the bark is harvested every 9 to 12 years

Introduction Does a good wine need to have a natural cork stopper? Cork production cannot meet the demands of the industry, leading to a higher prize of cork Need to find an equivalent substitution to cork stoppers Existing alternatives: plastic stoppers, silicon and metal caps Have the disadvantage of preventing wine from breathing during maturation time in the bottle

Goal We want to introduce a good alternative to cork with all it’s positive attributes but to lower costs.

Characteristics of Natural Cork Stopper Elasticity Lightness Impermeability Positive attributes Negative attributes Cork taint in wine Increasing prize in the future It does not rotten

Characteristics of StrigoNovo Elasticity Lightness Impermeability Positive attributesNegative attributes No cork taint in wine Low prize It does not rotten No natural cork

Plastic cylinder with plate Grease-proof paper Collagen and Laminin Final product StrigoNovo

Collagen type IV from Danio revio Makes fine fibres Forms a natural barrier to cell migration Allows breathing

Laminin with its four binding-sites

Cellulose compared to heparin Cellulose

Heparin binding-site of laminin

Expression System EasySelect TM Pichia Expression Kit by Invitrogen Pichia pastoris is a methylotrophic yeast Methanol can be used as sole carbon source Promotor is induced by methanol High expression levels (up to 12 gram/litre) Product secreted Adaptable to fermentation (to litres) No CO 2 incubators or tissue hoods needed Licence needed

Positive aspects of StrigoNovo Grease proof paper is already culturally accepted The paper absorbs a little bit of wine StrigoNovo can be produced everywhere StrigoNovo will not cause a cork taint The paper is brown Brown, granulated plastic cylinder

Industry SegmentValue in Euro (000) per year Wine Stoppers€ Floor & Wall Coverings€ Expanded Agglomerated Cork€ Other Products € Total Cork Products€ Worldwide cork production is estimated to be slightly less than 13 billion wine stoppers per year. Source: The Natural Cork Quality Council

Test market StrigoNovo is primary intended for middleclass wines which constitute ~70% of the total wine market. The initial test markets will be in Switzerland, Sweden and probably the USA. We think that the population in these countries are more susceptible for changes regarding wine, compared to Italians, French or Spanish.

Extraction Characteristics57% Physical Appearance19% Wine absorption10% Physical Dimensions10% Natural Materials 3% Consumers view on stoppers according to an American survey Source: The Natural Cork Quality Council

GANTT-scheme Project planning Research Small scale production Pilot production Full scale production 2 years Marketing 5 years4 years

Budget in SEK/year Other costs that need to be considered Production license fees manufacturing sites maintenance Marketing consult Patent lawyer application The total cost is predicted to be SEK 8,500,000 per year

Financial aspects Total costs per year: SEK 8.5 million Total costs in 4 years: SEK 34 million Estimated price of StrigoNovo: SEK 2 / piece Winning per stopper: SEK 0.75 Annual market: 13 billion stoppers 0,35% of the market covers the cost of the research

Patent “StrigoNovo” Size minimised cellulose binding laminin Concept of StrigoNovo-construction

Summary StrigoNovo shows great similarities to cork StrigoNovo offers a cheap alternative to cork StrigoNovo does not cause cork taint StrigoNovo can be produced all over the world