Flux Economics

Flux Economics - Turning Deep-Tech Innovation into Commercial Clarity.

I help UK spinouts and SMEs navigate the 'lab-to-market' transition through specialist techno-economic modeling, competitive benchmarking, and investment-readiness strategy. My background spans strategic roles within the SME sector, ranging from specialized startups like Plaxica Ltd to prominent academic partners like Cambridge Enterprise.

Flux Economics

What We Do

Flux Economics

Techno Commercial Analysis

Flux Economics delivers rigorous techno-economic analysis for deep-tech spinouts in green energy and sustainable chemicals. We translate complex science into clear commercial evidence — the kind that stands up to investor scrutiny and grant assessment.

Flux Economics

Who We Work With

We work with university spinouts, technology transfer offices, deep-tech investors and grant applicants across the UK — wherever rigorous TEA is needed to support a commercial decision.


Flux Economics

Our Services

  • Bankable production economics from lab to commercial scale, with sensitivity analysis and project valuations

  • Levelised cost analysis for green energy and chemicals

  • TEA for investment rounds, Innovate UK and UKRI grant applications, and due diligence

  • Competitive benchmarking to identify your technology's economic advantage

  • First-of-a-Kind (FOAK) scaling strategy


Flux Economics

Our Work

From lab bench to the balance sheet, we translate breakthrough science into the rigorous economic evidence required to secure investment, licenses, and global scale.


Project 1 - Cambridge Enterprise

  • The Challenge

  • Cambridge Enterprise required an independent Techno-Economic Analysis (TEA) to evaluate the commercial feasibility of a novel green technology. The goal was to provide a data-driven recommendation on whether the technology was ready for spin-out and, if so, which of two competing chemical processes offered the most viable commercial path.

  • The Project

  • Working as a specialist consultant, I developed a custom economic framework to stress-test the laboratory data against industrial realities

  • Dual-Process Comparative Modelling

  • Developed full-scale economic models for two alternative chemical processes, providing a direct "head-to-head" comparison of operational efficiency and cost-drivers.

  • Granular COGP Assessment

  • Conducted deep-dive Cost of Goods Produced (COGP) assessments to determine the baseline economic viability of the technology at scale.

  • Sensitivity & Risk Mapping

  • Performed rigorous sensitivity analyses to identify the technical "tipping points" (such as yield or catalyst life) that would most significantly impact future commercial success.

  • Knowledge Transfer

  • Delivered a full model overview and a technical instruction manual, ensuring the findings were transparent, reproducible, and ready for internal stakeholder review.

  • The Result

  • Informed Decision-Making Provided the quantitative evidence and recommendations required by the Cambridge Enterprise team to determine the technology’s spin-out strategy.

  • Commercial De-risking Identified the most economically robust process pathway, effectively de-risking the project before significant capital was committed to a new venture.

  • Professional Modeling Standards: Established a professional-grade TEA foundation for the project, moving the evaluation from speculative to evidence-based.

Project 2 - Plaxica

  • The Challenge

  • To translate proprietary renewable polymer science into a high-value commercial license with a US industry leader.

  • The Project

  • Business Modeling Led the Techno Economic Analysis to quantify competitive cost-advantages over petrochemical incumbents.

  • Negotiation Strategy

  • Developed the tactical framework and valuation models to justify a premium upfront structure.

  • Tactical Leadership

  • Directed the commercial strategy from initial outreach through to final execution.

  • The Result

  • Successfully secured a >$1M upfront licensing fee from the primary US player in renewable polymers, providing immediate commercial validation and non-dilutive capital.

Project 3 - Spin Out in the Polymers Space

  • The Challenge

  • Techno Commercial Analysis for Renewable Polymer Spin Out

  • The Project

  • Dynamic Cost Modelling Built a bottom-up TEA framework to evaluate commercial viability at multiple scales—from pilot to full-scale deployment.

  • Risk Mitigation Conducted rigorous sensitivity analysis to identify the "make-or-break" variables, focusing on feedstock volatility and energy intensity.

  • Strategic Advisory Acted as the bridge between the technical team and commercial function, translating complex mass-balance data into a clear commercial narrative.

Flux Economics

About Flux Economics

Flux Economics was founded by Steve Quinn, bilingual in science and economics, Steve is experienced in deep-tech commercial strategy, technology licensing and business development. Our mission is to give UK university spinouts the rigorous techno-economic foundations they need to attract investment, win grants and bring transformative green technologies to market.

  • Techno Economic Analysis

  • Levelised Cost Analysis

  • Competitive Benchmarking

  • We know the science works, but is it bankable?

Flux Economics

Get in Touch

Whether you're preparing for a funding round, applying for an Innovate UK or UKRI grant, or simply want to understand the commercial potential of your technology, we'd love to hear from you.

Based in North Yorkshire, serving UK-wide.

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