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

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.