Commodities. Commercialization of the remote sensing technology in the biodiesel sector

Abstract

This thesis seeks to examine the feasibility of the remote sensing technology commercialization in the biodiesel sector as an innovative tool and represented successful example of collaboration between industry and university. A case study approach has been employed in this thesis in order to develop the new service, which is based on the existing technology. The remote sensing technology has been using from the latter half of the 20th century in many areas, namely Earth observation, maritime surveillance, the weather forecast and agriculture. This technology ensures a wide range of the different data that helps to foresee the future changes and, consequently, make the right decisions. For this reason, commercialization of the remote sensing technology has been investigated and resulted in the background to the development the new service with the working name “Inquire the quality” or IQ. Taking into consideration that the project was initiated by UiT, The Arctic University of Norway, this Master thesis has employed theoretical knowledge in conjunction with the business approach that paved the way for the start up establishment in order to launch the innovative tool on the biodiesel market.