The Euro- Mind project: extension to candidate countries


Objective

Select a partner in countries candidates for admission to the EU, or countries not yet in Euro, to adapt and distribute the Euro-Mind product, and sign an exclusive country-wide licence agreement with the owner.

The Euro-Mind CD-ROM’s

The CD-ROM’s were produced and distributed in Belgium, during 2001, in order to acquaint the general public and the school children to the day to day usage of the EURO, and also to reinforce the European awareness. The version for the schools (EuroReflex) was the most complete and had the following components:

The other version was called « Penser Euro », it means «Think in Euro » and was more focused on the consumer market, with more exercises and more products, and less on history,geography and economy.

Sponsors of the initial project

Although initially a private initiative of New Mind S.A, specialised in E-Learning solutions, the project received the sponsorship of the Belgian Minister of Finance, and also from the Ministry of Economy, who ordered a large quantity for the schools market. Other sponsors came along, like Renault, Banksys, and an international travel agency. The press coverage was enthusiastic. Many interviews and demonstrations took place on the national TV channels. Many newspapers commented positively the initiative. The Minister of Finance himself, and representatives of the Minister of Economy attended the official launch and the press conference, for the general public version.

Distribution channels

In Belgium, 2 distinct distribution channels were organised : the Ministry of Economy took care of the schools orders, while the general public version was distributed by large retail stores (Carrefour, FNAC, to mention only a few). Many institutions or entreprises ordered quantities to distribute to their personnel or customers, as end of year gift or in order to show their focus on the Euro. Direct orders were managed through Internet by New Mind S.A.

Results

Alltogether, more than 20000 copies were sold between October and December 2001, which is a very high volume for a CD-ROM in such a small country. The feedback was very positive.

The principles

They are extremely simple: the idea is to create mental associations between products and services, and their value in euro. It does NOT involve currency conversions at all. Several types of exercises converge to this goal and are nice to play with friends or in a family atmosphere.

Actions

The criteria to select a local partner are as follows:

Terms and conditions

The local partner would be granted an exclusive country-wide license, independent of the volumes. A business case, based on the Belgian experience, is available to the candidates. The contract will include a support from the owner, during the adaptation phase.

Planning

While in Belgium, the project lasted only a couple of months, and was made at the last minute, it would be wiser to extend this kind of project to the countries candidates to the UE, during a much larger time frame. Assumptions: 6 months to adapt the product (translations, photographies, collect local prices, …), then start marketing awareness and product distribution during at least 2 years, even before the country joins the European Union.

The first step, after the identification of the local partner, would be to attend a meeting in Brussels, for a thorough technical briefing. Meeting planned in december 2002. Invitations will be sent in november.

Appendix

Several screen shots showing all the features is now available on http://www.mindnew.com/euromind/sample.htm

Contact

For additional details, please contact Bernard Donnay (b.donnay@mindnew.com).


30/03/05

home page