Description:

Techno-economic modeling examines how technical and financial parameters influence the economic value of a technology at commercial scale. A good techno-economic model is more than a one-off cost estimate, though; it’s a tool for informed, quantitative decision-making and communication.

This seminar by Chris Burk will address:

- The role of economic viability in tough-tech innovation

- How techno-economic models work — estimating capital and operating costs from technical inputs

- Creatively working through uncertainty

- When to build a model

- Using techno-economic modeling to evaluate economic viability, guide R&D, understand uncertainty, and facilitate communication with investors and other stakeholders

- Additional topics and your questions!

Chris Burk is a recognized leader in the field of techno-economic modeling for tough-tech innovations. Over the past fifteen years, he has developed models for over a hundred technologies and written extensively on the subject. His book, Techno-Economic Modeling and Analysis for Chemical and Bioprocess Innovations, is set to be published by Wiley this fall. Chris is also a regular guest educator for some of the top tough-tech-focused programs in the United States, such as Activate, The Engine, Harvard Business School’s Tough-Tech Ventures, and Berkeley Haas’ Cleantech-To-Market.