Team NanoHydroChem with, from left to right, Mark Swihart, UB Distinguished Professor of Chemical and Biology, co-founder and technical advisor to the team, Parham Rohani, doctoral student, co-founder and Team Leader, Bruce Kohrn business strategist, and Robert Kosobucki, Senior Consultant at Insyte Consulting, and business mentor to the team.
Insyte Consulting has been an active supporter of new business startups in WNY since its founding in in 1982. Most recently, Robert Kosobucki, Senior Consultant at Insyte Consulting acted as advisor to Team NanoHyrdroChem who won the first place prize of startup capital of $25,000, and in-kind services valued at $27,000 in the annual UB Panasci Entrepreneurship competition. Both Robert Kosobucki and Jack McGowan of Insyte have volunteered over many years as business advisors to Panasci Competition teams, many of whom have won the first or second place prizes.
NanoHydroChem was one of five finalists pared out of 33 entrants in the competition. In the final competition, they delivered a 10-minute presentation to seasoned judges who evaluated them on the marketability of their product and ability to create a sustainable business.
In this case, NanoHydroChem has a patent pending technology to easily and cheaply convert ordinary water into hydrogen gas as fuel for fuel cells which generate electricity. Generating hydrogen on demand means no bulky, heavy and hazardous storage tanks, and no expensive filling stations. Using water as the fuel means that you can fill up almost anywhere. NanoHydroChem has received strong interest from the Department of Defense and Shell Oil Company. Powering unmanned vehicles is one of the first applications being considered.
Insyte’s Jack McGowan and Robert Kosobucki have been mentors for numerous Panasci competition winners over the last 15+ years including: Buffalo Automation Group, POP Biotech, EMVISS, Graphene Devices, NanoAxis, Auction Cruncher, and Student Voice (now known as Campus Labs).