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Final ProjectInnovation & Entrepreneurial Growth
TECE 6200 classProf. Tucker Marion
Susan, Pratik, Mohammed, Hashem, and Sagar
29th/11/2012
1. Technology & Technical
2. R&D.
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
Subjects Covered in this presentation:
2. R&D.
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
1. Technology & Technical
- Nano: is a measure of something very small, it is actually equal to one billionth, therefore, one nanometer is equivalent to 1000,000,000 meter.
Nanotubes is one subset of Nanotechnology
Technical:A nanotube is a tiny, hollow, long, thin and strong tube with an outside diameter of a nanometer that is formed from atoms such as carbon.
Types 1. SWCNT (Single Walled Carbon-Nanotubes):
2. MWCNT (Multi Walled Carbon-Nanotubes):
Method of Production:1. Electric Arc Discharge
2. Laser Ablation Method
3. Catalyzed Chemical Vapor Deposition (CCVD)
1. Technology & Technical
2. R&D.
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
- During the Next 5 years: As the cost of manufacturing the technology reduces we will see CNT being
inserted to almost all the materials, which will eventually lead to increase in the quality of the product and making the product even more durable, More lighter and having excellent properties.
Many Start-ups are now appearing with various types of Carbon Nanotube materials and will continue to appear in the next 5 yrs.
- During the Next 10 years:The Next 10 years are very crucial and we will be seeing many breakthroughs
in this field. Testing of the Medical methods already developed in medical industry, using
the Carbon Nanotubes, is also currently in progress. We will see that in years to come many medicines using the Carbon Nanotubes
either for Drug delivery or for radioactive treatment of many diseases and for Diagnoses.
Time to reach the market:
- Creating a uniform material.- Purification- High Cost of production.- Risk Assessment
RISK ASSESSMENT (RA):- Only 4% is spent on Risk assessment.- No consideration to the product life cycle and how it is being interacting with other events.
Cost:- 95$-500$ per gram.- The Cost also varies a lot with the purity and the Walls of the CNT
Current Issues With Technology
1. Technology & Technical
2. R&D
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
Current Nanotube Markets
Potential Future Markets- To replace standard X-Ray and CT scans- To use Graphene (a semiconductor) to possibly replace silicon chips. - Electronics materials - Aircraft construction.- A prototype for carbon nanotube tires- E-Sheets / e-Paper, 10 times thinner than a sheet of paper,
Marketing Application
- Easton-Bell Sports, Inc- Zyvex Technologies- Amroy Europe Oy manufactures- Sports equipment (Tennis, Golf..etc)
1. Technology & Technical
2. R&D.
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
- Universities.- Laboratories (Bayer Material Science).- Corporate companies (Sports, Health, and Computer & Electronic., etc..).- Governmental organization (Department of Defence).
- Why Nanotechnology is an emerging technology:
Nanotechnology is one of the key technologies of the 21st century:
1- Applied to several industries.
2- Can improve the quality of variety of our life products.
3- Reduce the waste & less damage.
4- Long life products and utilization.
Early Adopters:
Early Adopters
- Batteries (EVs) ex. Tesla
1. A larger storage capacity,2. A longer battery life3. Ability to recharge quickly4. Provide a lot of power in a short amount of time.
1. Technology & Technical
2. R&D.
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
- The next generation might see the use of CNT as vehicle armor, personal armor, or also as the next-generation electronic display.
- The quickness of changing in circle process for the Nanotubes.
- In the future, you might see a whole tennis racket made out of CNT.
- It might be possible to build space elevator because of its high tensile strength.
Forecasting
- The technology is not fully understood.
- The limitation of technology, time and capital are the main challenges that threatening CNTs producers.
Commercialization strategy:- Raise awareness (educate market audience - university channel)- Growing demand- End customer's demand drive companies strategy
Challenges in Commercialization:
1. Technology & Technical
2. R&D.
3. Marketing Applications
4. Early Adopters
5. Commercializing Plan & Challenges.
6. Conclusion & Recommendation
- Nanotechnology has many aspects of usage which allow the science to improve the quality of many products, but:
We need to:
1. Spread Awareness.
2. Increase R&D Funding.
Strategic Solutions: