Simulation of the cost of the services
How much the stretch you want to travel costs.
For those thinking of commissioning a stretch of the path, or of bringing their project into Volcano. You choose the phase you enter at and the phase you leave at, the project type and the grant funding you expect; you read the R&D cost of the stretch, what remains at your expense and the deliverables it produces. Indicative figures with declared sources: they are there to know what order of magnitude we are talking about before talking. The quotation for a commission is assessed case by case.
This simulator is for the client: whoever has a problem and wants to know what it costs to solve it. If your profile is the investor, your tools are the tax simulation and the private simulation.
9 min read
To read this page: the thirteen phases and the six lines · how much each phase costs and is worth · the services, the declared exception.
How much it costs
The order of magnitude, before talking.
Drag the two handles to choose the stretch of the path: the phase you enter at and the phase you leave at. Set the complexity of the project and the grant funding you expect, and read the cost of the project in the stretch, what remains at your expense and the deliverables it produces. Indicative figures with declared sources: they are there to know what order of magnitude we are talking about before talking.
Chosen stretch: -
Drag the handles, or use the keyboard: arrow keys move them. The thirteen phases and the six lines, in the phases of value creation.
Tick the disciplines involved and, for each, how complex the work itself is, not how far it goes: a script and an AI model are both software, and they are an order of magnitude apart. The complexity of the project is the sum of what each discipline demands.
They are disciplines, not sectors: an energy or health project is described by the disciplines that make it up (physics and materials, chemistry and electronics, biology and software). Human and social sciences (psychology, sociology, behavioural economics, service design) are R&D according to the Frascati Manual, and they cost: samples, fieldwork, ethics committees. A declared working assumption, not a datum: the published curve equals a product with level-2 electronics and software and level-2 mechanics (factor 1). Each discipline adds its share; the high levels of physics, chemistry, materials and biology change the order of magnitude. It will be calibrated with closed projects.
An external project may have no funding at all: that is why the handle starts at zero. When there is funding, it ranges from 45% to 100% of research costs depending on the call and the instrument (on average, 70%; in Volcano projects, never below 45%). It applies to the R&D phases (F3 to F7); in industrialisation (F8 and F9) funding reaches up to 50% and is not counted here.
Your stretch
- cost of the project in this stretch (R&D up to F8, market afterwards)
- at your expense, with the chosen grant funding
Who pays what in the stretch
Deliverables of the stretch
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Cumulative cost curve published in value and cost; public funding in how we reduce risk; who pays for each phase, in funding by phase. Indicative and not binding: no figure is a quotation.
Two ways to pay for it
As a service, the cost is yours. Inside Volcano, it is shared.
As a service. An external project has no grant funding, because grant funding goes with the project that applies for it and with its company, not with whoever carries it out. The full cost of the stretch is paid by you. If you do not want to pay it alone and bring in financiers, they take part of your company in return: you are diluted, and without any public aid having reduced the bill.
Inside Volcano. The project enters our model and travels the path as the R&D of a startup. Volcano invests first. The R&D is largely paid for with grant funding (from 45% to 100% depending on the call) and with tax investors, so the capital that has to be put in is a fraction of the cost. The price is that the company that carries the project becomes co-owned: by Volcano, by the investors who provide the capital and by the other partners Volcano deems appropriate, in percentages agreed case by case.
The honest comparison. Both ways dilute. The difference is what that dilution buys: on the service route with financiers, only money; on the Volcano route, money plus the grant funding, the method and the risk paid stretch by stretch before moving to the next. If you want to keep one hundred percent of your company, can pay for the stretch and are also sure you have no uncertainty either in the research or in the commercialisation, keep the project on your own, one hundred percent: the service is your route. If any of the three fails, look at the other: how it works, in the model; how much the grant funding covers, in how we reduce risk; how to come in, in tell us your problem.
If you choose the service (the exception declared above), the order of magnitude of the quotation is the cost of the stretch with your project type. We assess it case by case, and the first conversation is free: contact form.
John F. Kennedy, 1962