The Valuation And Financial Management Of (nano-)technology In Relation To Sustainable Growth
Free (open access)
447 - 459
S. Čiháková Aguilar, M. Dubová & E. Mucsková
This article is concerned with the valuation and financial management of new technologies and R&D projects in relation to sustainable growth. It introduces a general economic model that answers critical questions on how to analyze technology initiatives and forecast their future value. The aim of this model is to provide a practical decision-making tool that reduces the total costs of R&D projects, to help financial managers, scientists, and engineers make better and comparable decisions within the financial management of technology by a user-friendly tool, to enable its users to make and see all relevant cash flows associated with R&D projects more transparent. The further objective of this article is to demonstrate the practical usage of this economic model on the valuation of a modern and original technology (nano-fibrous carrier) for wastewater treatment, applying tailor-made microorganisms with the ability to create natural biofilm. The nanotechnology was developed at the Technical University of Liberec – Faculty of Mechatronics, Informatics and Interdisciplinary Studies in cooperation with the Faculty of Textile Engineering; The Institute of Chemical Technology Prague (ICT, VŠCHT in Czech) – Department of Fermentation Chemistry and Bioengineering; and the company AQUATEST in the Czech Republic. Keywords: valuation and financial management, general economic model, R&D projects, technology (nano-fibrous carrier) for wastewater treatment, sustainable growth.
valuation and financial management, general economic model, R&D projects, technology (nano-fibrous carrier) for wastewater treatment, sustainable growth