PCD, Inc.- Partners in Open Innovation

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Product Concept Development Inc.
Partners in Open Innovation

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  • CollaborationNo stock process; but stock procedures
  • Most proprietaryThis is few that we can show
  • Example project flowUsed b/c best data from customerIn final stages
  • Dissect problemLots of ideasdownselect
  • BreadthDepthKnow a guy
  • PCD, Inc.- Partners in Open Innovation

    1. 1. Open Innovation Overview<br />Product Concept Development, Inc.<br />
    2. 2. What is Open Innovation?<br /><ul><li>Combining internal and external ideas and paths to market and advance the development of new technologies
    3. 3. Make use of external ideas & technologies
    4. 4. Internal inventions not being used should be taken outside</li></ul>Not all good ideas are developed within a company, and not all ideas should be further developed within the firm's own boundaries. <br />
    5. 5. Why now?<br />Causes:<br /><ul><li>Increasing availability & mobility of skilled workers
    6. 6. Growth of VC market </li></ul>Effects:<br /><ul><li>Knowledge no longer proprietary
    7. 7. If a company doesn’t use it, then someone else will
    8. 8. External options for ideas sitting on shelf
    9. 9. Increasing capability of external firms
    10. 10. Reduced internal capabilities for product development</li></li></ul><li>Open Innovation Principles<br />
    11. 11. Benefits of Open Innovation<br />
    12. 12. Is Open Innovation right for me?<br /><ul><li>Lack of expertise in new technical area
    13. 13. Resource shortage
    14. 14. New product competition
    15. 15. Slow and/or poor results from internal invention processes
    16. 16. Need for disruptive new technologies
    17. 17. Need to expand into new markets & areas</li></li></ul><li>Hurdles to Open Innovation<br /><ul><li>“Not Invented Here” syndrome
    18. 18. Poor management endorsement & focus
    19. 19. Lack of process for leveraging outside resources
    20. 20. IP rights concerns
    21. 21. Over-constraining outside resources to stay within “narrow boxes”
    22. 22. Gaining critical mass & dedicated internal manpower to manage & implement open innovation
    23. 23. Effort to manage cooperation with external partners</li></li></ul><li>Recommended Steps<br /><ul><li>Create plan & scope of how to implement Open Innovation
    24. 24. Gain management endorsement
    25. 25. Assign principal point of contact
    26. 26. Characterize problem or technical area for Open Innovation
    27. 27. Identify candidate organizations for partnership
    28. 28. Collaborate to develop relationship & work plan
    29. 29. Manage through deliverables, schedules, and stage gates</li></li></ul><li>What to look for in Open Innovation Partner<br /><ul><li>Capabilities & expertise not possessed in house
    30. 30. Technical depth in targeted areas
    31. 31. Sound management practices
    32. 32. Lean, agile organization
    33. 33. Efficient
    34. 34. Strong collaboration and communication abilities
    35. 35. Ability to meet internal quality standards</li></li></ul><li>References<br /><ul><li>Open Innovation: The New Imperative for Creating and Profiting from Technology by Henry Chesbrough
    36. 36. http://www.openinnovation.eu/openinnovatie.php
    37. 37. http://www.innovationtools.com/PDF/open-innovation-nerac.pdf
    38. 38. http://www.oecd.org/dataoecd/48/35/41721342.pdf</li></li></ul><li>Company Overview<br />
    39. 39. We find and apply technology to create breakthrough new products <br /><ul><li>Maximize a new product’s chance of success in the market
    40. 40. Minimize the cost & time necessary take breakthrough technologies & products to market
    41. 41. Augment the capabilities & performance of our customer organizations</li></ul>Mission Statement<br />
    42. 42. What is<br />?<br />
    43. 43. Track Record<br /><ul><li>20+ Patents
    44. 44. 100+ projects
    45. 45. 2 spinoff companies
    46. 46. 4 Partnerships
    47. 47. 3 Technology Innovation Awards
    48. 48. 150+ years of product development experience</li></li></ul><li>“Menu” of Services<br />Ideation<br />Applied Research<br />Product Development<br />Engineering<br />Prototyping Manufacturing<br />Testing and Validation<br />
    49. 49. Stage gate development process<br />Phase 0<br /><ul><li>Preliminary market & technical investigations
    50. 50. Develop problem statement
    51. 51. Develop work plan</li></ul> - Concrete tasks, deliverables, budget, timeline<br /> - Management & reporting procedures<br />Phase 1<br /><ul><li>Perform work</li></ul> - Apply technical & management expertise to quickly and cost effectively reach goals<br />- Regular progress reports & collaboration<br /><ul><li>Complete phase</li></ul> - Final report and/or presentation<br /> - Stage gate – go/no-go decision<br />- Phase 2 proposal<br />
    52. 52. Example Projects<br />
    53. 53. Active Water Sciences, LLC<br />BrownlineMetalworks, LLCDigital Torque Wrench<br />Commercialization<br />
    54. 54. Satisfied Customers<br />
    55. 55. Technology Investigation<br />Case Study: Custom Electromagnetic System<br />Brainstorming<br /><ul><li>Customer had problems with creating effective solution
    56. 56. Custom electromagnetic system to perform work
    57. 57. Tight environmental, power, and spatial constraints
    58. 58. High reliability
    59. 59. Compacted development time
    60. 60. PCD involved from problem statement to production ramp-up</li></ul>Solution refinement<br />Full scale design and test<br />Design optimization<br />Production ramp-up<br />
    61. 61. Technology Investigation<br />
    62. 62. Brainstorming<br />
    63. 63. Solution refinement<br />
    64. 64. Prototype design & Construction<br />
    65. 65. Return on Investment<br /><ul><li>Proprietary & patented new electromagnetic system
    66. 66. Provides over 250 lbs of force
    67. 67. Minimal size, power consumption, and failure modes</li></li></ul><li><ul><li>Cross-industry knowledge base
    68. 68. Significant depth in targeted areas
    69. 69. Network of experts
    70. 70. Value delivered in all stages of development cycle
    71. 71. Time and cost savings</li></ul>What our customers like…<br />“You solve problems that nobody else can”<br /> --James Wardlaw<br />NPD Manager, Ingersoll Rand<br />
    72. 72. Technical Areas of Focus<br /><ul><li>Electromagnetics</li></ul>- Custom motor design<br /><ul><li>Control systems
    73. 73. Materials</li></ul>- Nanotechnology<br />- Carbon fiber<br />- Shape memory alloys<br /><ul><li>Optics
    74. 74. Thermodynamics
    75. 75. Design analysis</li></ul>- FEA<br />- Multiphysics<br />- CFD<br />- Mathematical modeling<br /><ul><li>Manufacturing
    76. 76. Fluidics
    77. 77. Microbiology</li></li></ul><li>
    78. 78. THE PCD TEAM<br />Donna Rainone, M. Arch. Architecture <br /> Mike Rainone, M.S., Psychology , M. Arch. Architecture <br /> Tom Crippen, Ph.D, Mechanical Engineer<br /> Bert Sackett, M.S., Electrical Engineer<br /> Joe Comparetto, M.S., Electrical Engineer<br /> Phillip Grisham, M.S., Mechanical Engineer<br />Kenneth Wilson, Ph.D., Materials Science <br /> Dee German, M.S., Optical Physics<br />Mike Musial, B.B.A., Business Management<br /> Talbot Presley, B.S., Mathematics<br /> Dave Carton, B.S., Mechanical Engineer, Chemistry<br /> Clint Thompson, Master Prototyper<br /> Alex Walls, B.S. Biology<br />Louise Rainone, B.A., Media Production<br />
    79. 79. Where in the World is <br /><ul><li>65-acre campus in East Texas pine forest
    80. 80. Perfect for distraction-free brainstorming
    81. 81. 20,000 SF of laboratory and office space
    82. 82. Main laboratory
    83. 83. Prototype lab
    84. 84. Brainstorming studio
    85. 85. Main house
    86. 86. Guest house
    87. 87. Workout facility</li></li></ul><li>PCDworks…<br />Your partner in Open Innovation<br />
    88. 88. Services Detail<br />
    89. 89. Ideation<br /><ul><li>Proven process
    90. 90. Cross discipline teams of client, PCDworks and 3rd party experts
    91. 91. Generate large number of high quality concepts
    92. 92. Refine best concepts to workable designs
    93. 93. Optional: Test designs within same session </li></li></ul><li>Electrical Engineering<br /><ul><li>Modeling and analysis
    94. 94. Electronic design and simulation
    95. 95. Embedded software development
    96. 96. PCB design and rapid prototyping
    97. 97. Wireless sensor design, mote design and programming
    98. 98. Analytical modeling and software development
    99. 99. Web applications</li></li></ul><li>Mechanical Engineering<br /><ul><li>Analytical modeling
    100. 100. 3D modeling
    101. 101. FEA and multi-physics analysis
    102. 102. Component sourcing
    103. 103. Design for manufacturing
    104. 104. Simulation and testing
    105. 105. FMEA
    106. 106. Manufacturing oversight</li></li></ul><li>Research and Development<br /><ul><li>Optical Circuit design, fabrication and testing
    107. 107. Medical product development and testing
    108. 108. Biological cultures and sterilization
    109. 109. Custom bacteria development
    110. 110. High performance materials development, construction and testing</li></li></ul><li>Technology Research<br /><ul><li>In-house database of useful technologies
    111. 111. Technology scanning
    112. 112. Targeted research
    113. 113. Analysis and feasibility studies</li></li></ul><li>Testing and Validation<br /><ul><li>LabVIEWdata acquisition stations
    114. 114. Mechanical
    115. 115. Force & torque
    116. 116. Velocity & acceleration
    117. 117. Temperature
    118. 118. Flow
    119. 119. Strength of materials
    120. 120. Electrical
    121. 121. Efficiency
    122. 122. Power consumption
    123. 123. Voltage and current draw</li></li></ul><li>Motor Development<br /><ul><li>Analytical modeling and custom motor specification
    124. 124. Magnetic flux analysis and optimization
    125. 125. Custom manufacturing
    126. 126. Testing and validation
    127. 127. Access to high performance proprietary BLDC motor design</li></li></ul><li>Prototyping<br /><ul><li>CNC mills and routers
    128. 128. Molding, casting and vacuum forming
    129. 129. Product visualization
    130. 130. Custom test fixtures
    131. 131. Field-ready prototypes</li>
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