Welcome to 42629
Innovation and Product Development!
Thomas J. Howard
thow@mek.dtu.dk

                         Unless otherwise stated, this material is under a Creative
                         Commons 3.0 Attribution–Share-Alike licence and can be
                         freely modified, used and redistributed but only under the
                         same licence and if including the following statement:
“Original material by Thomas J. Howard for course 42629 – Innovation and Product Development
Department of Mechanical Engineering, The Technical University of Denmark”
Agenda
08:30 – Introduction

09:00 – Break and discussion

09:15 – Introduction to the Venture Cup

10:00 – Break and discussion

10:15 – Introduction to Innovation

11:00 – Break and discussion

11:15 – The Innovation Process




2    Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark
The Teaching Team

Course Responsible & Lecturer
   Thomas J. Howard, PhD, Associate Professor
   DTU-MEK, building 426 room 142
    thow@mek.dtu.dk
    https://sites.google.com/site/thomasjameshowardhomepage/home




Course Lecturer
   Jakob Bejbro Andersen, Entrepreneur
   CEO and Co-Founder of EdgeFlow
    http://www.edgeflow.dk
    http://www.edgeflow.dk




3     Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
      Department of Mechanical Engineering, The Technical University of Denmark
Thomas J. Howard
•   The creative design process
•   Harvesting creative stimuli using IM techniques
•   Engineering and Design Information Management
•   Design theory
•   Embodiment design methods
•   Knowledge transfer

I have been involved in the following courses:
• Innovation in Product Development
• Product Development in Companies Design
• Integrated Product Development




                                                                                 Images from http://www.bmwgroup.com/
4      Original material by Thomas J. Howard for course 42629 – Innovation and Product Development           2012
       Department of Mechanical Engineering, The Technical University of Denmark
Jakob Bejbro Andersen
•   Graduate from DTU Design & Innovation.
•   Thesis on utilizing wind resource in the built environment (2008).
•   Co-founded EdgeFlow Aps in 2009 (www.edgeflow.dk).
•   Co-founders: PLH Architects, SEED Capital (investor) & Henning Solfeldt
•   Currently CEO of EdgeFlow.
•   Has led the company through two full scale prototypes iterations,
•   ... and three succesful funding rounds.
•   Large network within the Danish entrepreneurship sector.




5      Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
       Department of Mechanical Engineering, The Technical University of Denmark
The Teaching Team
            Guest Lecturer
                Tim C. McAloone, PhD, Associate Professor
                DTU-MEK, building 426 room 141
                  tmca@mek.dtu.dk
                  http://www.kp.man.dtu.dk/staff/tmca.aspx


            Guest Lecturer
                Verena Simpson, European Patent Attorney
                CEO and Co-Founder of EdgeFlow
                  vsi@gipc.eu
                  http://www.gipc.dk/en/our-team/verena


            Guest Lecturer
                Mads Thimmer, Lab Agent
                Co-founder and Lead of Innovation Labs
                  mads@ilab.dk
                  www.innovationlab.dk




6   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
    Department of Mechanical Engineering, The Technical University of Denmark
The Teaching Team
            Guest Lecturer
                Balder Onarheim, PhD Fellow
                Copenhagen Business School
                  balder@onarheim.com
                  http://www.onarheim.com/


            Guest Lecturer
                Morten Friis-Olivarius, PhD Fellow
                Copenhagen Business School
                  mf.marktg@cbs.dk
                  http://www.cbs.dk/en/staff/Morten%20Friis-Olivarius


            Venture Cup Correspondent
                Mikkel Sørensen, Regional Manager
                Venture Cup
                  ms@venturecup.dk
                  http://www.venturecup.dk/




7   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
    Department of Mechanical Engineering, The Technical University of Denmark
The Teaching Team

Student Helper                                                    Student Helper
    Jeanne Mia Lønstrup,                                              Lærke Sofie Spaabæk Holstebroe,
    Design & Innovation Masters Student                               Design & Innovation Masters Student
    jmlonstrup@gmail.com                                                laerkeholstebroe@gmail.com




                                                                                     Image from http://www.venturecup.dk/

8     Original material by Thomas J. Howard for course 42629 – Innovation and Product Development             2012
      Department of Mechanical Engineering, The Technical University of Denmark
Course Material




                                                                                              http://tinyurl.com/Innov-Prod-Dev




9   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development                       2012
    Department of Mechanical Engineering, The Technical University of Denmark
Agenda




10   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark
Assessment and Hand-ins
80% - Entrepreneurial Output
                         Business plan
                         Business pitch
                         Quality of your solution

10% - Analysis Presentation (Mid term)
                         Hand-in printouts of slides
                         Attendance

10% - Reflection Report
                         Submission of separate report
                         Attendance
11   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark
Entrepreneurial Output
• Find the template on the Ventures Cup website and the course homepage.
• Submit one version to Venture Cup, deadline: 23:59 on 7th May 2012
• Submit the same version with supporting Appendix of data and solution description
  to campusnet, deadline: 23:59 on 7th May 2012
• Exam Day (Business Pitches) 15th May 2012




12    Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
      Department of Mechanical Engineering, The Technical University of Denmark
Analysis Presentation
Present and hand in 5 slides outlining something like:
   – your technology/product,
   – your target market and its estimated size
   – Your business plan (how you make money or succeed)
   – what you need to do to achieve your goals
   – how you rate your chances of success
Deadline: 20th March 2012 (hand-in during midterm presentation)

Reflection Report
Reflection report filled in online:
(form found on assessment page)
Deadline: 11th May 2012




13   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark
Reading Material

     Product Design and Development 5th Ed.                              Exploring Innovation 2nd Ed.
     by Ulrich and Eppinger.                                             by David Smith.
     ISBN-13: 978-007340477-6.                                           ISBN-13: 978-007712123-5.




14      Original material by Thomas J. Howard for course 42629 – Innovation and Product Development     2012
        Department of Mechanical Engineering, The Technical University of Denmark
Lectures
Lectures: Tuesdays, 08.30 - 12.00 in Building 421 Aud. 73.
Group work: Fridays, 13.00 - 17.00 starting with a briefing in 303A/44
  then moving to the group work area in upstairs 302.

The Lectures:
•    01:   Introduction & the Innovation Process
•    02:   Design and Business Startegies
•    03:   Integrated Product Development (IPD)
•    04:   Invention, Creativity and Problem Solving
•    05:   Market, Customer Research and Forecasting
•    06:   Creating a Business Plan
•    07:   Innovation Types and Cases
•    08:   Mid-term Presentations and Feedback
•    09:   Intellectual Property
•    10:   How to Pitch a Business Idea
•    11:   Funding, Organisational Structures and Teams
•    12:   Protovation - Prototyping and Validating Ideas
•    13:   Pitch Coaching

15         Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
           Department of Mechanical Engineering, The Technical University of Denmark
Lecture page




16   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark
Homework

• As this course is 10 ects – so you need to do extra work!

• You will have some exercises and background reading
   – Look at the attachments of the next lecture for the
     proposed reading material.
   – Other assignments will be emailed to you.

• Practical and applied rather than theoretical, everything
  should be geared towards making your product better and
  your business stronger.



17   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark
Group Work




18   Original material by Thomas J. Howard for course 42629 – Innovation and Product Development   2012
     Department of Mechanical Engineering, The Technical University of Denmark

42629 lecture 1 pt1

  • 1.
    Welcome to 42629 Innovationand Product Development! Thomas J. Howard thow@mek.dtu.dk Unless otherwise stated, this material is under a Creative Commons 3.0 Attribution–Share-Alike licence and can be freely modified, used and redistributed but only under the same licence and if including the following statement: “Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark”
  • 2.
    Agenda 08:30 – Introduction 09:00– Break and discussion 09:15 – Introduction to the Venture Cup 10:00 – Break and discussion 10:15 – Introduction to Innovation 11:00 – Break and discussion 11:15 – The Innovation Process 2 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 3.
    The Teaching Team CourseResponsible & Lecturer Thomas J. Howard, PhD, Associate Professor DTU-MEK, building 426 room 142 thow@mek.dtu.dk https://sites.google.com/site/thomasjameshowardhomepage/home Course Lecturer Jakob Bejbro Andersen, Entrepreneur CEO and Co-Founder of EdgeFlow http://www.edgeflow.dk http://www.edgeflow.dk 3 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 4.
    Thomas J. Howard • The creative design process • Harvesting creative stimuli using IM techniques • Engineering and Design Information Management • Design theory • Embodiment design methods • Knowledge transfer I have been involved in the following courses: • Innovation in Product Development • Product Development in Companies Design • Integrated Product Development Images from http://www.bmwgroup.com/ 4 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 5.
    Jakob Bejbro Andersen • Graduate from DTU Design & Innovation. • Thesis on utilizing wind resource in the built environment (2008). • Co-founded EdgeFlow Aps in 2009 (www.edgeflow.dk). • Co-founders: PLH Architects, SEED Capital (investor) & Henning Solfeldt • Currently CEO of EdgeFlow. • Has led the company through two full scale prototypes iterations, • ... and three succesful funding rounds. • Large network within the Danish entrepreneurship sector. 5 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 6.
    The Teaching Team Guest Lecturer Tim C. McAloone, PhD, Associate Professor DTU-MEK, building 426 room 141 tmca@mek.dtu.dk http://www.kp.man.dtu.dk/staff/tmca.aspx Guest Lecturer Verena Simpson, European Patent Attorney CEO and Co-Founder of EdgeFlow vsi@gipc.eu http://www.gipc.dk/en/our-team/verena Guest Lecturer Mads Thimmer, Lab Agent Co-founder and Lead of Innovation Labs mads@ilab.dk www.innovationlab.dk 6 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 7.
    The Teaching Team Guest Lecturer Balder Onarheim, PhD Fellow Copenhagen Business School balder@onarheim.com http://www.onarheim.com/ Guest Lecturer Morten Friis-Olivarius, PhD Fellow Copenhagen Business School mf.marktg@cbs.dk http://www.cbs.dk/en/staff/Morten%20Friis-Olivarius Venture Cup Correspondent Mikkel Sørensen, Regional Manager Venture Cup ms@venturecup.dk http://www.venturecup.dk/ 7 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 8.
    The Teaching Team StudentHelper Student Helper Jeanne Mia Lønstrup, Lærke Sofie Spaabæk Holstebroe, Design & Innovation Masters Student Design & Innovation Masters Student jmlonstrup@gmail.com laerkeholstebroe@gmail.com Image from http://www.venturecup.dk/ 8 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 9.
    Course Material http://tinyurl.com/Innov-Prod-Dev 9 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 10.
    Agenda 10 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 11.
    Assessment and Hand-ins 80%- Entrepreneurial Output Business plan Business pitch Quality of your solution 10% - Analysis Presentation (Mid term) Hand-in printouts of slides Attendance 10% - Reflection Report Submission of separate report Attendance 11 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 12.
    Entrepreneurial Output • Findthe template on the Ventures Cup website and the course homepage. • Submit one version to Venture Cup, deadline: 23:59 on 7th May 2012 • Submit the same version with supporting Appendix of data and solution description to campusnet, deadline: 23:59 on 7th May 2012 • Exam Day (Business Pitches) 15th May 2012 12 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 13.
    Analysis Presentation Present andhand in 5 slides outlining something like: – your technology/product, – your target market and its estimated size – Your business plan (how you make money or succeed) – what you need to do to achieve your goals – how you rate your chances of success Deadline: 20th March 2012 (hand-in during midterm presentation) Reflection Report Reflection report filled in online: (form found on assessment page) Deadline: 11th May 2012 13 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 14.
    Reading Material Product Design and Development 5th Ed. Exploring Innovation 2nd Ed. by Ulrich and Eppinger. by David Smith. ISBN-13: 978-007340477-6. ISBN-13: 978-007712123-5. 14 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 15.
    Lectures Lectures: Tuesdays, 08.30- 12.00 in Building 421 Aud. 73. Group work: Fridays, 13.00 - 17.00 starting with a briefing in 303A/44 then moving to the group work area in upstairs 302. The Lectures: • 01: Introduction & the Innovation Process • 02: Design and Business Startegies • 03: Integrated Product Development (IPD) • 04: Invention, Creativity and Problem Solving • 05: Market, Customer Research and Forecasting • 06: Creating a Business Plan • 07: Innovation Types and Cases • 08: Mid-term Presentations and Feedback • 09: Intellectual Property • 10: How to Pitch a Business Idea • 11: Funding, Organisational Structures and Teams • 12: Protovation - Prototyping and Validating Ideas • 13: Pitch Coaching 15 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 16.
    Lecture page 16 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 17.
    Homework • As thiscourse is 10 ects – so you need to do extra work! • You will have some exercises and background reading – Look at the attachments of the next lecture for the proposed reading material. – Other assignments will be emailed to you. • Practical and applied rather than theoretical, everything should be geared towards making your product better and your business stronger. 17 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark
  • 18.
    Group Work 18 Original material by Thomas J. Howard for course 42629 – Innovation and Product Development 2012 Department of Mechanical Engineering, The Technical University of Denmark