Project description and overview:
SynFlyt has developed a patented prototype “Category B” flight simulator and is aiming to manufacture 250 units over the next three years for the global Civil Aviation Flight Training and Simulation market. Key features of the flight simulator include the remote monitoring capability. Performance data from each unit is collected and analysed for ongoing improvements and predictive maintenance. Specifically, mechanical data is collected to identify motion control issues, and the SynFlyt software is upgraded remotely to continually improve performance and user experience.
The financial position of most flight training schools prevents the acquisition of flight simulator, which typically costs over $130,000 plus set up, software, and ongoing servicing. SynFlyt has developed a Zero Cost Placement model for Flight Training Schools. Instead of selling simulators to flight training schools, SynFlyt will charge student pilots directly via debit or credit card at $65 per hour. The cost to pilots is reduced, for example, from $350 p/h in a Cessna, to $65 p/h in a SynFlyt simulator set up as a Cessna cockpit. Return on Investment for each placed simulator is approximately 30 months.
To realise this opportunity SynFlyt now must increase production capacity and manufacturing readiness level from (MRL 7) prototype system in a production relevant environment to (MRL 8-9) low rate production demonstrated and capability in place to begin full rate production.
On conclusion of this project SynFlyt will have a market ready flight simulator for sale to domestic and international customers and will have validated manufacturing processes to begin full rate production.
SynFlyt and the project participants will become an ‘innovation leader’ through collaborative R&D and higher spending on R&D, more collaboration with research institutions and industry, greater STEM skill intensity, and better-qualified employees.
- Sustained competitive advantage achieved through increased spending on R&D to manufacture
a flight simulator for pilot training
- Increased ICT intensity achieved through remote monitoring of performance data for ongoing
improvements and predictive maintenance
- Advanced business model achieved through services representing a greater share of total revenue, enabled
by SynFlyt’s placement model
- Growth in the patent portfolio
- Greater number of STEM-qualified employees
- $33 million in revenue per year by the end of year three
- 20 high-skilled jobs
Government Funds: $279,550 | Industry: $279,550 | In-Kind: $25,000