Techno-Economic Analysis for Deep Tech Startups. A chat with Chris Burk, Techno-economics Specialist.

Host: Nicola Marchese Guest: Chris Burk #DeepTechCatalyst

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KEY THEMES COVERED:

1. The importance of Techno-economic Analysis (TEA): Techno-economic analysis (TEA) is crucial for deep tech founders as it combines technical and financial inputs to evaluate the economic viability of new technologies, distinguishing them from financial models.

2. Components of Technoeconomic Models: Techno-economic models consist of technical inputs like lab measurements and engineering assumptions, and financial inputs including costs and pricing, leading to outputs like capital costs, operating costs, and potential revenue.

3. TEA vs Market Analysis: While TEA focuses on the economic viability of product production, market analysis assesses the product’s market size and pricing. Both analyses are interrelated and essential for determining production scale and price points.

4. Early Application and Strategic Planning: Integrating techno-economic analysis early in the project development process helps founders ensure their technology is commercially viable and aligns with investor expectations, guiding strategic decisions and timing.

5. A Case Study: A company used TEA early on to evaluate the economic feasibility of producing a new amino acid, leading to strategic decisions on production scale and R&D focus based on market size and cost efficiency.

6. How to Approach a TEA Model: Building a TEA model starts with accessible data and evolves through sensitivity analyses and consulting existing reports. This approach helps prioritize which cost elements to focus on, streamlining the development of a robust economic model.

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