Week 6: What did you want to do? What did you learn?Issues?What are you going to do?
In week 6, our group, Team A, decided to weigh our options with the two patents we had. The first patent is a greywater reuse system that filters water using sunlight and uses that heated water to regulate the temperature of a building. The second patent is an efficient method to utilize cyanobacteria to produce biofuels.
We recently talked with the cyanobacteria professor, and he was very excited to talk with us. He actually advised to take a different route with the commercialization of the patent, and go for a sort of energy consulting business that helps other companies that produce biofuels. Our patent would give them a better method to produce their biofuels. Though this idea sounds intriguing, we are not sure how likely we could accomplish something like that because we lack the qualifications to give advice on biofuels, so we would have to hire people to do that.
However, after talking to the greywater reuse system professor, we became very eager to pursue this patent. We are very excited for this patent because we see several applications in the construction industry and we could also sell directly to homeowners. The product would be panels connected to water pipes that could be installed to the walls of homes and buildings and purify greywater using sunlight and use the heated water to heat buildings.
In the next couple of weeks, we will be discussing potential customers for our greywater reuse system and also filling out our value proposition canvas.
I am very glad you guys picked the greywater reuse system, because I think it really has very efficient uses. When I was reading, I thought a consulting business would be too difficult to implement, because you guys lack the skills, and as you said, you would have to hire experts.
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