Cortés-Valle, Edmée M.

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    Development of alternative business models for the Aeronautical and Aerospace Institute of Multidisciplinary Technologies in Puerto Rico
    (2018-05) Cortés-Valle, Edmée M.; Vega-Torres, José I.; College of Business Administration; Valentín-Castillo, Patricia; Zapata-Ramos, Mari Luz; Department of Business Administration; Zapata-Medina, Rocio
    This project aims to develop alternative business models for the Aeronautical and Aerospace Institute of Multidisciplinary Technologies, projected Division of the Aeronautical and Aerospace Institute of Puerto Rico, Inc., corporate subsidiary ascribed to the University of Puerto Rico (UPR) in Aguadilla. Alexander Osterwalder’s and Yves Pigneur’s, Business Model Canvas methodology was used to develop theoretically informed conceptual alternative business models for the Divisions’ aim of financial sustainability, as well as to contribute to the growth of the aeronautical and aerospace industry in Puerto Rico. It includes a Canvas for each of the threeprimary target segments identified by management, which are the following: A) An entity, agency, or company local or international interested in research and development (R&D) projects; B) UPR researchers with federal, UPR, and/or public funding support for R&D projects; and C) UPR researchers with any type of funding support for R&D projects. The evaluated areas were: 1) a description of the commercialization process in the University of Puerto Rico; 2) a description of the aeronautical industry and the Divisions; and 3) the exploration of means to apply the Canvas in the university context and the aerospace industry. Interviews were conducted with expert key-informants to ensure the reliability and validity of the Canvases. The last step was the development and comparison of the three Canvases for the Division. Suggestions and recommendations on such are also presented.