1. Paul H. Riley Score Project Director
Score IP update
Paul H. Riley
Score Project Director

2. WP8 highlights Inventor assignment agreement now signed
Telecon meeting with IP committee 1 Dec 09
Discuss setting up new Score entity
Patent cover and IP assignment costs
Review Viveik’s (PTS) proposal for trading entity in HK
Three collaboration agreements signed, Mark Loweth, Dai-Ichi and PTS motors
Proposed £20k funds from PTS and GTZ (SA)
Cost reduction underway at Dai-ichi
Good start but some “treacle” with PTS
Two Patents:
Heat exchanger manufacturing
Linear Alternator (all Notts inventions)
New Radiant Heat exchanger patent application, Nott and one claim from City.

3. Commercial requirements
Need to
ensure impact in developing country
motivate developing country
protect from corruption etc.
make profit in developed world
Investors need return
how to ensure only from developed world?
Low central management overhead
Simple rules, easy to maintain, difficult to breach
Policing
Prevent low cost bypass
IP protection
Incentive to drive down costs
Competitive element

4. Score Commercial Entity
Developing country
Kit of parts + subsidy + plans
Employees
minimise number
going rate salary
Score trading entity
Orders. Std pricing
Suppliers
Open book accounts
Protect investment/ with competition
Non profit
Web based trading and financial control. Open book
Profit
Developed country
Finished goods or kit of parts
Shareholders
minimal number
holding ∞ investment
return to Universities
License

5. Supply Chain Design authority with Score team until 2012
Manufacturing Engineering with Dai-ichi and possibly PTS motors for short term
Trading entity as central place to take orders, it then organises delivery of parts.
Deliver through
Local Universities
NGO’s
Local Distributors
Large corporations

6. Phases Testing Cost reduction and roll out Volume Manufacture
2010, Funding required £350k (about 50k raised so far)
£150k for 150 off prototypes,
Target unit price is £1k with £800 cost
£200/ unit returned to cover central costs (Patents etc.)
£150k to retain key staff over 1- 2 years
£50k for travel, manufacturing evaluations, tooling etc.
Cost reduction and roll out
, Funding required £3M (to cover 5 years)
£500k capital costs (tooling etc)
£1M to retain key staff for 5 years
£250k central costs (Patents, Lawyer, accountants etc)
£250k manufacturing trials
£750k initial production manufacture
£250K marketing etc.
Income generation starts in this phase
Volume Manufacture
After 2013 income builds to > £10M pa
Funded by a mixture
micro-finance (income from target households)
International development agency subsidy for very poor regions
Profit from sales to developed countries
Rate of penetration (developing) depends on manufacturing cost and amount of subsidy
At £60 per unit, total market = £300M (excluding subsidies) to 14m Households
At £20 per unit, total market = £30B to 500M households
Developed country market not yet determined

7. Entity questions Location, HK. UK?
Management make up, PHR, Viveik Saigal, Pablo?
Investment protection
Dai-ichi exclusivity for a period
PTS motors exclusivity for a period
Company control
Make up of shares and shareholding
Shares proportioned to investment? Initially value Score at £2M? (research grant total)
Possible JV with University having minority share
Controlled by PHR