Arka Thermal Solution is an ideation and consulting firm that offers innovative heat pipe design solutions to address thermal management needs across industries. Their proposed business model involves partnering with a thermal solutions manufacturer to jointly develop and market an LED thermal dissipation module using Arka's novel heat pipe technology, allowing both companies to benefit from their complementary expertise and resources. However, both companies would face costs and risks that would need to be addressed for the partnership to be mutually beneficial.