This week is really exciting because we finally spoke with the professors for both of our patents. Niels and Lei talked to the cyanobacteria biofuel production researcher (Anastasios Melis), and he gave some valuable insight on potential commercialization opportunities.
Melis talked about a potential biofuel consulting company idea in which we could offer consulting services to biofuel and cyanobacteria companies to give them advice on how to improve the efficiency of their biofuel production process. This seems viable because a lot of biofuel companies are struggling because the high cost of production. However, the people in my team are not qualified to provide these services so we would have to hire consultants. This seems like a small market, so it's not too exciting to me.
The greywater reuse system seems like the project we are going to go with at this point. The professor we talked to talked to us about how we can actually implement the system in buildings, and it is not too difficult. Our idea of going to home developers and construction companies and selling this technology would be viable because it increases the attractiveness of their buildings to buyers.
Talking to the professors gave me a lot of insight into why these patents are made in the first place. I think our project has a high potential to be very successful. It's nice that I am also learning a lot about customer research and unique value propositions at the same time.
Melis talked about a potential biofuel consulting company idea in which we could offer consulting services to biofuel and cyanobacteria companies to give them advice on how to improve the efficiency of their biofuel production process. This seems viable because a lot of biofuel companies are struggling because the high cost of production. However, the people in my team are not qualified to provide these services so we would have to hire consultants. This seems like a small market, so it's not too exciting to me.
The greywater reuse system seems like the project we are going to go with at this point. The professor we talked to talked to us about how we can actually implement the system in buildings, and it is not too difficult. Our idea of going to home developers and construction companies and selling this technology would be viable because it increases the attractiveness of their buildings to buyers.
Talking to the professors gave me a lot of insight into why these patents are made in the first place. I think our project has a high potential to be very successful. It's nice that I am also learning a lot about customer research and unique value propositions at the same time.
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