Learning More About Our Patent

What are we up to?

This week, our group focused on contacting professors and graduate students who were well versed in the technology of the patent.  We hoped that through our conversations we would be able to understand how the device works as a unit, and how we could market/price it.  After contacting and interviewing professors to learn more about the technology, we was able to gain clarity on the overall directionality of our business model. Meeting up with the professor, however, became a struggle as they were not available during their office hours. After following up with the professor,  we decided it might be more efficient to email our questions and they will get back to us. 

What did we learn?

Emailing the professor turned out to be helpful. The key takeaways from the professor's email was that there no similar system in the market that saves water,  recycles water, and generates energy at the same time. The best way to approach the pricing is to figure out the costs of these 3 individually and figure out how much an individual is ultimately saving. The panel uses solar photovoltaic technology and knowing that, we can determine the average cost of a solar panel for comparisons.  From our talks, we were able to better understand how to price our unit, and the difficulties that lie within it.