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Alastair Watson
Director, Science City Bristol

Collaborate to innovate
Rob Walsh
Venturefest Facilitator
George Ferguson
Mayor of Bristol
Tim Prestidge
Renishaw PLC

Is there a secret to continuous
innovation?
About Renishaw

World leading metrology company
A FTSE 250 company with headquarters in United Kingdom

Advancing operational performance
Transforming manufacturing capability and effectiveness
Raising product quality
About Renishaw

World leading metrology company
A FTSE 250 company with headquarters in United Kingdom
About Renishaw

World leading metrology company
A FTSE 250 company with headquarters in United Kingdom

Employer of more than 3,300 people worldwide
The largest private sector employer in Gloucestershire

The winner of 16 Queen’s Awards
7 Queen’s Awards in the last 9 years alone
About Renishaw

World leading metrology company
A FTSE 250 company with headquarters in United Kingdom

Question :
What’s the secret to Renishaw’s continuous
innovation ?
About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations

Sir David McMurtry
Chairman and CEO
2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

1989

1988

1987

1986

1985

1984

1983

1982

1981

1980

£ million

About Renishaw
400

350

300

250

200

150

100

50

0
About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations

Now …
• £347m turnover, 94% exported
• 18% of revenue invested in R&D and
engineering
• 16 Queen’s Awards
• Over 3,300 staff in 30+ countries

Sir David McMurtry
Chairman and CEO
Renishaw’s ethos
“Renishaw fundamentally believes
that success comes from patented

and innovative products and
processes, high quality
manufacturing, and the ability to
provide local customer support in all
its markets around the globe.”
Sir David McMurtry
Chairman & Chief Executive
About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations

Now …
• £347m turnover, 94% exported
• 18% of revenue invested in R&D and
engineering
• 16 Queen’s Awards
• Over 3,300 staff in 30+ countries

Sir David McMurtry
Chairman and CEO
About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations

Now …
• £347m turnover, 94% exported
• 18% of revenue invested in R&D and
engineering
• 16 Queen’s Awards
• Over 3,300 staff in 30+ countries

Sir David McMurtry
Chairman and CEO
Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
Queen’s Awards
Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your
customers’ requirements ... customers can be your
best collaborators
Renishaw’s expertise

Additive
manufacturing

CAD / CAM
dentistry

Calibration

Co-ordinate
measurement and QA

Gauging

Manufacturing
process control

Molecular
diagnostics

Motion
control

Raman
spectroscopy

Stereotactic
neurosurgery

Surveying
Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your
customers’ requirements ... customers can be your
best collaborators
3. Once your core expertise is established, think where
else it could be successfully applied
Renishaw’s expertise – Manufacturing Process Control

Co-ordinate
measurement
products

Fixtures

Gauging

Machine tool
probe and tool
setting systems

Postprocess
monitoring
In-process control
Process setting

Calibration and
performance
testing products

Process foundation
Learning points
2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

1989

1988

1987

1986

1985

1984

1983

1982

1981

1980

£ million

About Renishaw
400

350

300

250

200

150

100

50

0
Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your
customers’ requirements ... customers can be your
best collaborators
3. Once your core expertise is established, think where
else it could be successfully applied
4. Innovation isn’t just about new products ... it can also
be about how you pitch what you have to offer
5. Always look for improvements ... in everything you do
Tim Prestidge
Renishaw plc
Is there a secret to
continuous innovation?

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VFB 2013 - Keynote - Renishaw - Is there a secret to continuous innovation?