"... My student is a student of Chemical Engineering. Right now he has the opportunity of developing his own chemical-based business with a good economical prospects. ..."
If you are making "stuff", unless you are selling the process, the derivative of making "stuff" you will be bound to the old laws of creating a business. In some ways it reminds me more of a hardware Startup. The rules of Software startup rules don't apply. You (might) need offices, lab space or time, hiring of extra expertise, equipment and the problems of marketing and sales. All this requires cash and a degree of risk higher than a software Startup.
One question. Does has this new "stuff" got existing or potential customers? Is your "stuff" applicable to a large market commodity or a high cost niche market?
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Over analysis?
"... My student is a student of Chemical Engineering. Right now he has the opportunity of developing his own chemical-based business with a good economical prospects. ..."
If you are making "stuff", unless you are selling the process, the derivative of making "stuff" you will be bound to the old laws of creating a business. In some ways it reminds me more of a hardware Startup. The rules of Software startup rules don't apply. You (might) need offices, lab space or time, hiring of extra expertise, equipment and the problems of marketing and sales. All this requires cash and a degree of risk higher than a software Startup.
One question. Does has this new "stuff" got existing or potential customers? Is your "stuff" applicable to a large market commodity or a high cost niche market?