Vol.13, No.1, February 2024.                                                                                                                                                                               ISSN: 2217-8309

                                                                                                                                                                                                                        eISSN: 2217-8333

TEM Journal

TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS

Association for Information Communication Technology Education and Science

Transforming Academic Research: A Business Model for Chemical-Computational Laboratory

Rafael A. Armijo-Silva

© 2024 Rafael A. Armijo-Silva , published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)

Citation Information: TEM Journal. Volume 13, Issue 1, Pages 123-130, ISSN 2217-8309, DOI: 10.18421/TEM131-12, February 2024.

Received: 14 August 2023.

Revised:   06 December 2023.
Accepted: 12 December 2023.
Published: 27 February 2024.

Abstract:

The Business Model Canvas (BMC) is a transformative tool in business strategy, streamlining the creation of dynamic models for organizational success. In the evolving field of academic research, computational chemistry undergoes significant changes due to increased computational capabilities and algorithm refinement. Despite these advancements, the challenge remains in effectively translating computational insights into commercial outcomes. This study addresses the task of formulating a business model for a computational simulation research lab and integrating a strategic Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis. Also, to identify predominant trends within computational chemistry research articles through literature review and keyword frequency analysis. A nine-block business model for a computational chemistry research lab was crafted using the BMC template. SWOT analysis was applied to each block of the business model. Trends in computational chemistry appear to be in drug discovery, following material design. Business model designing, meticulous market analysis like literature review trends, and strategic planning doing SWOT analysis are essential pillars supporting the successful execution of research projects.

Keywords –Computational chemistry, business model, strategic planning, research lab, SWOT analysis.

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