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

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Presentation by Tim Presidge

Presentation by Tim Presidge

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

  • 1. Alastair Watson Director, Science City Bristol Collaborate to innovate
  • 2. Rob Walsh Venturefest Facilitator
  • 3. George Ferguson Mayor of Bristol
  • 4. Tim Prestidge Renishaw PLC Is there a secret to continuous innovation?
  • 5. 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
  • 6. About Renishaw World leading metrology company A FTSE 250 company with headquarters in United Kingdom
  • 7. 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
  • 8. 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 ?
  • 9. 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
  • 10. 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
  • 11. 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
  • 12. 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
  • 13. 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
  • 14. 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
  • 15. Learning points 1. You don’t have to invent something completely new and be the first to market ... but it certainly helps
  • 16. Queen’s Awards
  • 17. 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
  • 18. 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
  • 19. 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
  • 20. 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
  • 21. Learning points
  • 22. 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
  • 23. 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
  • 24. Tim Prestidge Renishaw plc Is there a secret to continuous innovation?