Alex Smith's presentation to Leeds Inventors Group on 16 Nov 2011. Alex is a product design consultant, a director of TRIG Creative and a visiting lecturer at Huddersfield University and Leeds Met.
A short video & presentation looking at differences between Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM).
All our slides and videos are available at:
Videos: https://www.youtube.com/3G4G5G
Slides: https://www.slideshare.net/3G4GLtd
5G Page: https://www.3g4g.co.uk/5G/
Free Training Videos: https://www.3g4g.co.uk/Training/
OEM involves manufacturers designing products to a customer's specifications, allowing limited customization and rebranding. ODM involves customers designing their own products and working with design houses for development. Neither OEM nor ODM is strictly better - they each have advantages depending on business needs and strategy. OEM is faster with shorter timelines and lifecycles but weaker brands, while ODM enables stronger brands and innovation with longer timelines. Companies should analyze their market approach, resources, and goals to determine the most suitable production model between pure OEM, pure ODM, or a hybrid approach.
A narrated webinar given to the Young Inventors International organization on the process of transforming insights to ideas and ideas to innovation. Narration is not included at this time but can be added upon request.
The document describes the product development process, which includes four phases: product planning, concept development, detailed design, and testing and production ramp-up. The product planning phase involves identifying product opportunities, evaluating and prioritizing projects, allocating resources and timing, completing pre-project planning, and reflecting on results. This process helps determine the portfolio of products to be developed and the timing of their introduction to the market.
Converting an idea or a lab prototype into a real, customer-ready product is no simple task. Learn how to turn your idea into a successful product by improving your team and company focus and properly defining what your product is. Learn how to differentiate between the steps of product development, including capturing market requirements as well as research, design, implementation, testing, verification, validation, operations and maintenance.
The document describes the process of identifying customer needs for new product development. It discusses conducting customer interviews and focus groups to understand customer needs, both explicit and latent. The raw customer data is interpreted to develop need statements which are then organized in a hierarchy. The relative importance of the needs is then established through customer surveys and prioritization. The goal is to ensure all critical customer needs are understood and incorporated into the product planning and design process.
The document summarizes a patent research team consisting of 5 members and their project to develop a device to verify public safety for playgrounds and recreational areas. The team plans to target cities and school districts. Their value proposition is to provide time and cost efficient verification of playground safety. The team will sell through their own website and warehouse as well as partner with school districts, manufacturers, and retailers. Their revenue streams will come from repair, rental, testing, and calibration services.
This document discusses industrial design (ID) and its role in product development. It defines ID as optimizing a product's function, value and appearance for both user and manufacturer. The document outlines the ID process, noting that ID focuses on user needs related to aesthetics and ergonomics. It also discusses how and when ID is incorporated depending on whether a product is more technology-driven or user-driven. Examples are provided of different products and how ID impacted their design and success.
A short video & presentation looking at differences between Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM).
All our slides and videos are available at:
Videos: https://www.youtube.com/3G4G5G
Slides: https://www.slideshare.net/3G4GLtd
5G Page: https://www.3g4g.co.uk/5G/
Free Training Videos: https://www.3g4g.co.uk/Training/
OEM involves manufacturers designing products to a customer's specifications, allowing limited customization and rebranding. ODM involves customers designing their own products and working with design houses for development. Neither OEM nor ODM is strictly better - they each have advantages depending on business needs and strategy. OEM is faster with shorter timelines and lifecycles but weaker brands, while ODM enables stronger brands and innovation with longer timelines. Companies should analyze their market approach, resources, and goals to determine the most suitable production model between pure OEM, pure ODM, or a hybrid approach.
A narrated webinar given to the Young Inventors International organization on the process of transforming insights to ideas and ideas to innovation. Narration is not included at this time but can be added upon request.
The document describes the product development process, which includes four phases: product planning, concept development, detailed design, and testing and production ramp-up. The product planning phase involves identifying product opportunities, evaluating and prioritizing projects, allocating resources and timing, completing pre-project planning, and reflecting on results. This process helps determine the portfolio of products to be developed and the timing of their introduction to the market.
Converting an idea or a lab prototype into a real, customer-ready product is no simple task. Learn how to turn your idea into a successful product by improving your team and company focus and properly defining what your product is. Learn how to differentiate between the steps of product development, including capturing market requirements as well as research, design, implementation, testing, verification, validation, operations and maintenance.
The document describes the process of identifying customer needs for new product development. It discusses conducting customer interviews and focus groups to understand customer needs, both explicit and latent. The raw customer data is interpreted to develop need statements which are then organized in a hierarchy. The relative importance of the needs is then established through customer surveys and prioritization. The goal is to ensure all critical customer needs are understood and incorporated into the product planning and design process.
The document summarizes a patent research team consisting of 5 members and their project to develop a device to verify public safety for playgrounds and recreational areas. The team plans to target cities and school districts. Their value proposition is to provide time and cost efficient verification of playground safety. The team will sell through their own website and warehouse as well as partner with school districts, manufacturers, and retailers. Their revenue streams will come from repair, rental, testing, and calibration services.
This document discusses industrial design (ID) and its role in product development. It defines ID as optimizing a product's function, value and appearance for both user and manufacturer. The document outlines the ID process, noting that ID focuses on user needs related to aesthetics and ergonomics. It also discusses how and when ID is incorporated depending on whether a product is more technology-driven or user-driven. Examples are provided of different products and how ID impacted their design and success.
Shenzhen 101 Industrial Design Co., Ltd. provides one-stop product design and development services including industrial design, mechanical design, prototyping, and manufacturing sourcing. With over 13 years of experience, they have worked with over 2,000 clients including Fortune 500 companies. Their team includes designers, engineers, and project managers who work together throughout the design process from concept to finished product.
Kuwer Industries has been a leading manufacturer of holographic films, window films, and coated films for 15 years. It operates out of Noida, India and has a production facility with metallizing, coating, embossing, laminating, and slitting machinery. Kuwer develops customized films and labels for clients in industries like packaging, clothing, and security and strives to achieve high quality and meet evolving customer needs.
This document outlines the concept testing process, which involves directly gathering customer feedback on product concepts to help guide development decisions. It recommends a 7-step approach: 1) defining the test purpose, 2) choosing respondents, 3) choosing a survey format, 4) communicating the concept, 5) measuring response, 6) interpreting results, and 7) reflecting on lessons. Concept testing can be used to select concepts, identify needed improvements, and forecast demand and sales. Communicating concepts effectively and choosing the right audience are emphasized as important to obtaining useful feedback.
Yutongo is a web-based application that helps structure the development and generation of ideas for creative challenges. It uses a 5-step creativity process: 1) breaking down challenges into sub-questions, 2) assembling an innovator team, 3) collecting idea fragments and combinations, 4) rating ideas, and 5) exporting and editing ideas. Yutongo is designed to focus on the ideation process rather than idea management. It offers Basic and Business versions that vary in customization, hosting, and support options.
Hongyi Jig Rapid Technologies is a product development company based in Hong Kong that provides services from design to manufacturing including prototyping, tooling, and batch production. They have locations in several countries and serve industries such as automotive, consumer goods, medical, and more. Hongyi Jig aims to establish strong client relationships and deliver quality tooling and services in a cost-effective manner to help clients launch new products on time.
Vishal Holo Solutions Manufacturer,Exporter,Supplier of Special Transparent/Semi-Transparent Holograms, Holographic Hot Stamping Foils, Scratch Off Hologram Labels, Dome Labels, Destructible Vinyl With Holograms, Holographic Induction Wads/Lids, Shrink Sleeves With Holography and many more
An academic presentation that highlights main shafts applications and conduct stress and fatigue analysis in shafts as shafts being an essential part in the automotive manufacturing
The document discusses the design and fabrication of an automobile gearbox. It outlines the objectives to design a helical gearbox and study gear manufacturing processes. It then discusses various aspects of gearbox design like gear ratios, materials selection, automatic vs manual transmissions, and presents some results like pitch line velocities. Market research was also conducted to determine costs. The conclusion states that gear and shaft design is complete and fabrication will begin soon.
Gears play an important role in vehicle transmission systems by controlling speed. Transmission systems include gears like ring and pinion gears that allow the engine to operate at high speeds while wheels turn slower. Transmission provides gear ratios to deliver high torque for starting, climbing hills, and accelerating. It allows neutral positioning to disconnect the engine and wheels. Transmission types include manual and automatic, with manual having sliding mesh gear boxes and automatic using epicyclic gear boxes, torque converters, and free wheeling units.
Gearboxes in automobiles provide speed and torque conversions from the engine to allow for different gear ratios. They reduce the load on the engine and allow greater control and speeds. Early transmissions included gearing in windmills and steam engines. Modern gearboxes mostly decrease shaft speed while increasing torque, but can also increase speed with reduced torque. Automatic transmissions use planetary gear sets instead of manually selecting gears. Various types of gearboxes include manual, semi-automatic, automatic, dual-clutch, CVT, and electric transmissions.
See how New York city landmarks and buildings went red in February 2008 in a show to help fight heart disease, the No. 1 killer of women and men in this country.
The document discusses Jesus Christ's humble nature through several Bible verses and passages. It describes how Jesus was born in a barn, rejected by many he came to save, served others as a servant, entered Jerusalem humbly on a donkey, washed his disciples' feet in humility, was silent before his accusers, was mocked by evil men, was crucified between two criminals, and stooped to our human level through his death on the cross. The purpose is to illustrate Jesus' humility and encourage the reader to invite him into their heart and life.
The Hermitage is a large art museum located in Saint Petersburg, Russia that was formerly the winter palace of Russian rulers. It holds one of the largest art collections in the world including works by Rembrandt, Rubens, Van Dyck and others. The museum building itself is considered an architectural masterpiece and a fine example of Baroque and neoclassical architecture.
This document provides guidance for conducting customer satisfaction surveys in Fairfax County. It discusses why surveys are used, how to define objectives, required resources, planning, question types, arranging the questionnaire, pretesting, sampling methodology, and common mistakes. The document is intended to help county staff address customer satisfaction data collection through a comprehensive approach using surveys as one method among others.
Michael Harrison's contribution to the Bmedia IP seminar of the 17 Nov 2009. Dr Harrison is principal of Harrison IP a firm of patent and trade mark attorneys and a former president of the CIPA.
How to Enforce your Intellectual Property Rights without Going BustJane Lambert
These are the slides of a presentation that I gave to Leeds Inventors Group in Leeds on the 15 Jan 2014 and IP North West in Accrington on 16 Jan 2014. As ever it is necessary to distinguish between "intellectual property" (the laws that protect investment in branding, design, technology and works of art and literature such trade marks, registered designs, unregistered design rights, patents and copyrights) from "intellectual assets" (the objects of such protection such as trade names, logos, designs, inventions, novels, films, computer programs and websites). Except for bootlegging, counterfeiting and piracy (certain infringements of rights in performances, trade marks and copyrights on an industrial scale) infringement of intellectual property rights is not an offence in this country. Thus it is up to each intellectual property owner to enforce his or her rights in the civil courts. Unfortunately civil litigation in England and Wales can be very expensive and the party that loses the litigation usually has to pay the party that succeeds, A survey by IPAC Ithe Intellectual Property Advisory Committee) in 2003 compared the cost of litigation in England and Wales with the cost in France, Germany, the Netherlands and the USA and found that the UK and the USA were the most expensive countries. Costs in France, Germany and the Netherlands ranged from 10,000 to 50,000 euros whereas in England it cost over £1 million to bring an action in the High Court and between £150,000 and £250,000 in the County Court. Costs in the USA were comparable but there the losing party did not usually have to pay the lawyers' fees of the successful party. Thus, the UK was the most expensive and risky country of the developed world to bring an enforcement action. This appears to have had a dampening effect on innovation in that the number of European patent applications from the UK has trailed not just the USA and Japan but also France, Germany and even the Netherlands and Switzerland which have much smaller populations. Over the last 10 years HM government has tried to reduce the cost of dispute resolution. The Patents Act 2004 enabled IPO examiners to give advisory opinions on whether a patent was valid and whether it has been infringed. In 2010 new rules were introduced to limit the recoverable costs of litigation in the Patents County Court to £50,000. In Oct 2012 a new small claims track was introduced in the Patents County Court. The costs of litigation in the UK for small and medium enterprises is now comparable to those in continental Europe. The final change came in Oct 2013 when the Patents County Court was replaced by IPEC (the Intellectual Property Enterprise Court). HM government has also negotiated an agreement with all the EU member states except Italy and Spain by which the EPO will issue a European patent for all their territories as though they were one country (unified patent) and for disputes to be decided by a single Unified Patent Court in Paris,
Tax Relief for Innovation: Patent Box and R & D Credits Regime by Dan Brookes...Jane Lambert
This is Dan Brookes's presentation to Leeds Inventors Group on 8 May 2013. Dan Brookes is a tax director of the Leeds office of BDO. The presentation is an introduction to the patent box, a tax concession for companies with qualifying patents which came into force on 1 April 2013. It introduces the regime, sets out the conditions and contains a worked example. There is also an introduction to the existing R & D credits scheme
Shenzhen 101 Industrial Design Co., Ltd. provides one-stop product design and development services including industrial design, mechanical design, prototyping, and manufacturing sourcing. With over 13 years of experience, they have worked with over 2,000 clients including Fortune 500 companies. Their team includes designers, engineers, and project managers who work together throughout the design process from concept to finished product.
Kuwer Industries has been a leading manufacturer of holographic films, window films, and coated films for 15 years. It operates out of Noida, India and has a production facility with metallizing, coating, embossing, laminating, and slitting machinery. Kuwer develops customized films and labels for clients in industries like packaging, clothing, and security and strives to achieve high quality and meet evolving customer needs.
This document outlines the concept testing process, which involves directly gathering customer feedback on product concepts to help guide development decisions. It recommends a 7-step approach: 1) defining the test purpose, 2) choosing respondents, 3) choosing a survey format, 4) communicating the concept, 5) measuring response, 6) interpreting results, and 7) reflecting on lessons. Concept testing can be used to select concepts, identify needed improvements, and forecast demand and sales. Communicating concepts effectively and choosing the right audience are emphasized as important to obtaining useful feedback.
Yutongo is a web-based application that helps structure the development and generation of ideas for creative challenges. It uses a 5-step creativity process: 1) breaking down challenges into sub-questions, 2) assembling an innovator team, 3) collecting idea fragments and combinations, 4) rating ideas, and 5) exporting and editing ideas. Yutongo is designed to focus on the ideation process rather than idea management. It offers Basic and Business versions that vary in customization, hosting, and support options.
Hongyi Jig Rapid Technologies is a product development company based in Hong Kong that provides services from design to manufacturing including prototyping, tooling, and batch production. They have locations in several countries and serve industries such as automotive, consumer goods, medical, and more. Hongyi Jig aims to establish strong client relationships and deliver quality tooling and services in a cost-effective manner to help clients launch new products on time.
Vishal Holo Solutions Manufacturer,Exporter,Supplier of Special Transparent/Semi-Transparent Holograms, Holographic Hot Stamping Foils, Scratch Off Hologram Labels, Dome Labels, Destructible Vinyl With Holograms, Holographic Induction Wads/Lids, Shrink Sleeves With Holography and many more
An academic presentation that highlights main shafts applications and conduct stress and fatigue analysis in shafts as shafts being an essential part in the automotive manufacturing
The document discusses the design and fabrication of an automobile gearbox. It outlines the objectives to design a helical gearbox and study gear manufacturing processes. It then discusses various aspects of gearbox design like gear ratios, materials selection, automatic vs manual transmissions, and presents some results like pitch line velocities. Market research was also conducted to determine costs. The conclusion states that gear and shaft design is complete and fabrication will begin soon.
Gears play an important role in vehicle transmission systems by controlling speed. Transmission systems include gears like ring and pinion gears that allow the engine to operate at high speeds while wheels turn slower. Transmission provides gear ratios to deliver high torque for starting, climbing hills, and accelerating. It allows neutral positioning to disconnect the engine and wheels. Transmission types include manual and automatic, with manual having sliding mesh gear boxes and automatic using epicyclic gear boxes, torque converters, and free wheeling units.
Gearboxes in automobiles provide speed and torque conversions from the engine to allow for different gear ratios. They reduce the load on the engine and allow greater control and speeds. Early transmissions included gearing in windmills and steam engines. Modern gearboxes mostly decrease shaft speed while increasing torque, but can also increase speed with reduced torque. Automatic transmissions use planetary gear sets instead of manually selecting gears. Various types of gearboxes include manual, semi-automatic, automatic, dual-clutch, CVT, and electric transmissions.
See how New York city landmarks and buildings went red in February 2008 in a show to help fight heart disease, the No. 1 killer of women and men in this country.
The document discusses Jesus Christ's humble nature through several Bible verses and passages. It describes how Jesus was born in a barn, rejected by many he came to save, served others as a servant, entered Jerusalem humbly on a donkey, washed his disciples' feet in humility, was silent before his accusers, was mocked by evil men, was crucified between two criminals, and stooped to our human level through his death on the cross. The purpose is to illustrate Jesus' humility and encourage the reader to invite him into their heart and life.
The Hermitage is a large art museum located in Saint Petersburg, Russia that was formerly the winter palace of Russian rulers. It holds one of the largest art collections in the world including works by Rembrandt, Rubens, Van Dyck and others. The museum building itself is considered an architectural masterpiece and a fine example of Baroque and neoclassical architecture.
This document provides guidance for conducting customer satisfaction surveys in Fairfax County. It discusses why surveys are used, how to define objectives, required resources, planning, question types, arranging the questionnaire, pretesting, sampling methodology, and common mistakes. The document is intended to help county staff address customer satisfaction data collection through a comprehensive approach using surveys as one method among others.
Michael Harrison's contribution to the Bmedia IP seminar of the 17 Nov 2009. Dr Harrison is principal of Harrison IP a firm of patent and trade mark attorneys and a former president of the CIPA.
How to Enforce your Intellectual Property Rights without Going BustJane Lambert
These are the slides of a presentation that I gave to Leeds Inventors Group in Leeds on the 15 Jan 2014 and IP North West in Accrington on 16 Jan 2014. As ever it is necessary to distinguish between "intellectual property" (the laws that protect investment in branding, design, technology and works of art and literature such trade marks, registered designs, unregistered design rights, patents and copyrights) from "intellectual assets" (the objects of such protection such as trade names, logos, designs, inventions, novels, films, computer programs and websites). Except for bootlegging, counterfeiting and piracy (certain infringements of rights in performances, trade marks and copyrights on an industrial scale) infringement of intellectual property rights is not an offence in this country. Thus it is up to each intellectual property owner to enforce his or her rights in the civil courts. Unfortunately civil litigation in England and Wales can be very expensive and the party that loses the litigation usually has to pay the party that succeeds, A survey by IPAC Ithe Intellectual Property Advisory Committee) in 2003 compared the cost of litigation in England and Wales with the cost in France, Germany, the Netherlands and the USA and found that the UK and the USA were the most expensive countries. Costs in France, Germany and the Netherlands ranged from 10,000 to 50,000 euros whereas in England it cost over £1 million to bring an action in the High Court and between £150,000 and £250,000 in the County Court. Costs in the USA were comparable but there the losing party did not usually have to pay the lawyers' fees of the successful party. Thus, the UK was the most expensive and risky country of the developed world to bring an enforcement action. This appears to have had a dampening effect on innovation in that the number of European patent applications from the UK has trailed not just the USA and Japan but also France, Germany and even the Netherlands and Switzerland which have much smaller populations. Over the last 10 years HM government has tried to reduce the cost of dispute resolution. The Patents Act 2004 enabled IPO examiners to give advisory opinions on whether a patent was valid and whether it has been infringed. In 2010 new rules were introduced to limit the recoverable costs of litigation in the Patents County Court to £50,000. In Oct 2012 a new small claims track was introduced in the Patents County Court. The costs of litigation in the UK for small and medium enterprises is now comparable to those in continental Europe. The final change came in Oct 2013 when the Patents County Court was replaced by IPEC (the Intellectual Property Enterprise Court). HM government has also negotiated an agreement with all the EU member states except Italy and Spain by which the EPO will issue a European patent for all their territories as though they were one country (unified patent) and for disputes to be decided by a single Unified Patent Court in Paris,
Tax Relief for Innovation: Patent Box and R & D Credits Regime by Dan Brookes...Jane Lambert
This is Dan Brookes's presentation to Leeds Inventors Group on 8 May 2013. Dan Brookes is a tax director of the Leeds office of BDO. The presentation is an introduction to the patent box, a tax concession for companies with qualifying patents which came into force on 1 April 2013. It introduces the regime, sets out the conditions and contains a worked example. There is also an introduction to the existing R & D credits scheme
Innovation is important for CEOs to manage as it impacts revenue and margins. There are several key aspects to managing innovation:
1) Understanding where innovation comes from both internally such as R&D, marketing, and externally from customers and partners.
2) Developing a portfolio approach to balance innovative, higher risk projects with more incremental opportunities.
3) Using stage gate reviews to evaluate projects at key stages, make go/no-go decisions, and ensure resources are allocated efficiently.
This document describes the product design process and concurrent engineering. It begins with an introduction to product design and definitions of key terms. It then discusses the new product development process, which includes five phases: idea generation, screening, concept development, product development, and commercialization. The document also covers design thinking approaches and trends in product design. It explains concurrent engineering and its benefits, including reduced costs and lead times. Various implementation schemes for concurrent engineering are listed.
Workshop 4: Turning your idea into a ProductGillian King
The document discusses various stages in developing a product idea into a tangible prototype or finished product. It covers initial mock-up and pre-production prototype stages, and emphasizes the importance of prototyping in commercializing a product and raising funding. Key considerations for product development discussed include design, components, working with developers, testing concepts, and financial planning for prototyping. Various sources of public and private funding that can support product development and prototyping are also outlined.
Workshop 4; Turning your idea into a productGillian King
The document discusses various stages in developing a product idea into a tangible prototype or finished product. It covers initial mock-up and pre-production prototype stages, the benefits of prototyping for fundraising and commercialization, key considerations when working with developers or prototyping providers, and the importance of product testing and research before commercial launch. Various sources of public and private funding are also outlined to support prototype development, product design, and research and development activities.
Workshop 4: Turning your idea into a ProductGillian King
The document discusses various stages of developing an idea into a product, including:
1) Creating crude prototypes to demonstrate proof of concept and refine the idea.
2) Developing pre-production prototypes with third party developers to further test design.
3) Conducting product testing and research with potential customers to gather feedback before full commercialization.
4) Considering financial factors like unit costs, initial tooling costs, and packaging/distribution costs when planning for commercial scale production.
The document discusses key concepts related to product innovation including the product cycle, design cycle, roles of invention and innovation, and factors that influence new product development. It defines terms like dominant design, diffusion, market pull, and technology push. It also explores the roles of individuals and teams in innovation and different corporate strategies for pioneering versus imitating new products.
This document summarizes Mike Dowson's presentation on innovation. It discusses what innovation is, why companies should innovate, and signs that a business may need innovation. It also outlines the innovation process, including having a defined process, focusing on customers, generating concepts, and developing and launching new products. A case study describes developing a new tree guard for string trimmers that had to be redesigned due to marketing concerns over a stress mark, requiring new tools and designs to be completed on time.
The document discusses business opportunities and how entrepreneurs can identify them. It defines a business opportunity as an economic idea that can be implemented to start a profitable business venture. It states that opportunities must have an assured market, attractive returns, be practical, allow the entrepreneur's competence, and have growth potential. Entrepreneurs must analyze ideas based on these factors to identify true opportunities.
Value Proposition for scientific inventiontakehill2013
Seminar about "value proposition for scientific invention" for Federal Lab researchers at NIST. The primary purpose of this presentation was really not to turn NIST scientists to entrepreneurs, but rather build awareness of entrepreneur thinking and commercial language, when transferring scientific inventions from Lab to Market.
This document provides an agenda for an upcoming meetup group meeting. It includes details about the event such as the date, time, location, and topics to be discussed. The agenda outlines that the meeting will cover the differences between invention and innovation. It provides definitions and examples of each term from various sources. It also asks attendees to identify a product failure example and the reasons for it failing. Overall, the document outlines the schedule and content planned for an upcoming meetup group event.
Resources from Business Victoria's workshop giving early stage innovators information on the steps you need to take to turn your new product into a commercial reality.
This document discusses innovation, idea generation, prototyping, testing, sourcing and manufacturing. It begins by exploring inspiration behind globally adopted products and services. It then covers the innovation process including analyzing trends, testing prototypes, and sourcing and manufacturing options. The document outlines learning from industry professionals about developing products, services and concepts. It also discusses managing quality through total quality management.
The document discusses the key challenges of product design and development. It provides 10 challenges: 1) global competition, 2) time constraints, 3) quality control, 4) assessing market potential, 5) keeping up with technological changes, 6) effective distribution strategies, 7) incorporating new features, 8) addressing critical unmet needs, 9) evaluating market size, and 10) setting the right price and promotion strategies. Each challenge is explained and an illustrative case example is provided. The document aims to outline the major considerations for successful product design and development.
New product develpoment and market strategyManisha Sharda
Gillette devotes 2.2% of annual sales to R&D, developing new razor versions through extensive testing. 3M scientist Dr. Silver invented Post-it notes after failing to create a super adhesive and evangelizing its potential uses internally. New product development involves idea generation, screening, concept development and testing, marketing strategy development, business analysis, product development, test marketing, and commercialization decisions around launch timing and geography. Extensive consumer research and testing is used throughout the process to ensure new products successfully meet market needs.
The document discusses implementing R&D processes that can cope with rapidly changing market conditions. It outlines key R&D processes including ideas generation, product development, industrialization, and effective communication with stakeholders. It also discusses drivers of R&D like cost savings through standardization and globalization, innovation through platforms and partnerships, and communication and community.
In this talk, we introduce the Disciplined Entrepreneurship framework as well as the DE canvas. We end with a challenge to the founding team: "Why are you in business?"
Professor Wim Vanhaverbeke, University of Hasselt, Belgium, presented the InterTradeIreland Innovation Lecture entitled "Open Innovation Fails Because Companies Are Not Prepared to Open Up!" at the Whitaker Institute on 8th May 2014
This document discusses product planning and new product development. It defines what a product is and explains that to create successful new products, companies must understand customers, markets, and competitors. It then outlines the product planning process, from generating ideas to launching the product. This involves determining objectives, research, concept testing, market research, engineering production, and launch. Market research and adapting based on feedback, as Instagram did, are highlighted as important steps. The document provides an overview of an important aspect of business - bringing new products to market through strategic planning.
Similar to Alex Smith "Cost Effective Product Development" (20)
A checklist for litigants bringing or defending IP actions in the Small Claims Track of the Intellectual Property Enterprise Court.
This article covers the court's jurisdiction, its rules and practice, pleadings, disclosure and remedies
This article supplements IPEC Small claims Track Guide, CPR Parts 27 and 63 and the Part 27A and Part 63 Practice Directions.
In Nov 2015 a British private limited company registered the words YORUBA and Yoruba as UK trade marks for a wide range of goods and services. Nobody seems to have objected to the registration at the time. On 23 May 2021, another UK incorporated company called The Culture Tree protested vociferously. Many others around the world joined in. It appears that the registered proprietor has agreed to assign the registrations to The Culture Tree which has removed one objection. But should it have been possible to register the name of a nation of 70 million at all? What should be done to prevent issues of this kind in future?
Some background information for a dialogue with Carwyn Edwards on copyright and ICT organized by North Wales Tech and North Wales Creative on 21 April 2021,
Here are the slides of a presentation that I gave to the Barnsley Business Village on 19 Feb 2021. Unlike my earlier presentations, this was designed for business owners. I discussed what was meant by IP, why monopolies such as patents and exclusive rights such as copyrights were difficult to reconcile with the concept of a single market, the need for the approximation of laws and unitary IP rights and the arrangements made in the withdrawal agreement to continue to protect in the UK intellectual assets that were protected by EU intellectual property rights.
What every Business in Wales needs to know about Intellectual PropertyJane Lambert
This document provides an overview of intellectual property for businesses in Wales. It defines intellectual property and intellectual assets, explaining that intellectual property provides legal protection for creative works and inventions through mechanisms like patents, trademarks, and copyright. The document outlines why intellectual property is important for businesses, gives examples of common intellectual assets, reviews the main types of intellectual property rights, and provides guidance on registering rights and enforcing intellectual property.
What every business in Bradford needs to know about Intellectual PropertyJane Lambert
The document discusses the differences between intellectual property and intellectual assets, the importance of intellectual property for businesses, common types of intellectual property and assets businesses have, how to register intellectual property rights, and ways to enforce and defend intellectual property rights. It provides information on intellectual property topics relevant to businesses in Bradford and suggests seeking help from intellectual property attorneys, solicitors, and resources like the British Library's Business and IP Center.
On 26 Jan 2020, I have a talk over Zoom on "IP after Brexit". My slides are already on Slideshare. These are supplemented by this handout which covers:
- Art 50 of the Treaty of European Union
- The European Union (Withdrawal) Act 2019
- The statutory instruments made in anticipation of our exiting with a withdrawal agreement
- The withdrawal agreement
- The European Union (Withdrawal Agreement) Act 2020
- The Trade and Cooperation Agreement
- The European Union (Future Relationship) Act 2020.
These notes track every legislative change to the requirement in the withdrawal agreement. I also discuss changes to the law not effected by the withdrawal agreement and consider future development of our IP law.
At 23:00 on 31 Dec 2020 EU law ceased to apply to the UK including the Regulations establishing the EU Trade Mark, the Community Design and many other rights. A priority in the negotiations for the UK's withdrawal from the EU was the continued protection of the brands, designs and other intellectual assets that been protected by such rights. The withdrawal agreement entered in Jan 2020 provided for EU trade marks, Community designs, Community plant vaieties, database rights and supplementary protection certificates. This presentation considers the relevant provisions of the withdrawal agreementn and the statutes and secondary legislation which implemnted it. Such legislation is now bearing a great part of the UK's IP infrastructure.
The UK Supreme Court ruled on several appeals relating to FRAND (fair, reasonable and non-discriminatory) licensing of standard essential patents (SEPs). The Court found that UK courts have jurisdiction to grant injunctions for infringement of UK patents, determine global FRAND licensing terms as a condition to avoid injunctions, and that Birss J's methodology was consistent with EU competition law and industry practice. While injunctions are usually appropriate, the rulings could cause implementers to leave the UK market rather than accept worldwide FRAND licenses set by UK courts.
This document provides an overview of intellectual property. It defines intellectual property as laws that protect investments in branding, design, technology, and creativity. It discusses different types of intellectual property like patents, trademarks, copyrights, and designs. It also outlines how to obtain, protect, enforce, and get assistance for different intellectual property rights. The key topics covered include what constitutes intellectual property, why it is important, how to protect and enforce different types of intellectual assets, and where to find more information.
The handout for the first module of my an introduction to English patent law. A patent is defined as "a monopoly of an invention". That proposition is unpacked to consider what is meant by "monopoly" and what is meant by "invention". These notes discuss the inventor's bargain with the public and its reflection in the specification, They explore what is meant by the teaching of the patent in the description and the monopoly in the claims,
This is the handout for the final module of my introduction to English patent law. It analyses s.60 (1) of the Patents Act 1977 in the light of s.125 (1). It considers para 4 of the Part 63 Practice Direction. It discusses Lord Diplock's judgment in Catnic It mentions s.125 (3) of the Patents Act, art 69 (1) EPC and the Protocol on Interpretation. It analyses Improver, Kirin Amgen, Eli Lilly v Actavis and Icescape. It discusses possible defences and threats actions.
This is the final module of my introduction to English patent law. It analyses s.60 (1) of the Patents Act 1977 in the light of s.125 (1). It considers para 4 of the Part 63 Practice Direction. It discusses Lord Diplock's judgment in Catnic It mentions s.125 (3) of the Patents Act, art 69 (1) EPC and the Protocol on Interpretation. It analyses Improver, Kirin Amgen, Eli Lilly v Actavis and Icescape. It discusses possible defences and threats actions.
Patents 101 Part 4 - Applying for a PatentJane Lambert
The handout to the fourth module of my introduction to English patent law. The procedure for applying for a UK patent and European patent (UK) and making PCT applications. Appeals to the Comptroller in the UK and the Boards of Appeal in the EPO. Entitlement and inventorship disputes,
Patents101 Part 4 - Applying for a PatentJane Lambert
The fourth module of my introduction to English patent law. The procedure for applying for a UK patent and European patent (UK) and making PCT applications. Appeals to the Comptroller in the UK and the Boards of Appeal in the EPO. Entitlement and inventorship disputes,
The handout for the third of my modules on English patent law. This one deals with patentability or the conditions for the grant of a patent, namely novelty, an inventive step, utility and no exclusion from patentability. On novelty, readers are introduced to the concept of the "state of the art" and the test of novelty in General Tire and Rubber v Firestone. As to inventiveness, they are introduced to the concepts of the skilled addressee and common general knowledge and the Supreme Court's decision in Actavis v ICOS. Finally, on excluded matter there is a very close look at the Aerotel and Macrpssan tests.
The third of my modules on English patent law. This one deals with patentability or the conditions for the grant of a patent, namely novelty, an inventive step, utility and no exclusion from patentability. On novelty, readers are introduced to the concept of the "state of the art" and the test of novelty in General Tire and Rubber v Firestone. As to inventiveness, they are introduced to the concepts of the skilled addressee and common general knowledge and the Supreme Court's decision in Actavis v ICOS. Finally, on excluded matter there is a very close look at the Aerotel and Macrossan tests.
The handout for the second module of my introduction to English patent law. This covers the sources of law, both legislation and the case law. The module focuses on the Patents Act 1977 and the European Patent Convention. It also introduces readers to the main sets of law reports for patent law, the Reports of Patent Cases ("RPC") and the Fleet Street Reports ("FSR").
The second module in my introduction to English patent law. Readers are introduced to the legislation and case law. A closer look at the Patents Act 1977, the Patents Rules 2007, the European Patent Convention, the Patents Court and the Intellectual Property Enterprise Court Guides. Readers are also introduced to the Reports of Patent Cases and the Fleet Street Reports.
The first module of my 5 part course on English patent law. This module defines a patent as a monopoly of an invention. it explains the difference between a monopoly and a right to prevent a particular act such as copying. It introduces readers to specifications and claims. It lays the foundation for the rest of the course.
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
Removing Uninteresting Bytes in Software FuzzingAftab Hussain
Imagine a world where software fuzzing, the process of mutating bytes in test seeds to uncover hidden and erroneous program behaviors, becomes faster and more effective. A lot depends on the initial seeds, which can significantly dictate the trajectory of a fuzzing campaign, particularly in terms of how long it takes to uncover interesting behaviour in your code. We introduce DIAR, a technique designed to speedup fuzzing campaigns by pinpointing and eliminating those uninteresting bytes in the seeds. Picture this: instead of wasting valuable resources on meaningless mutations in large, bloated seeds, DIAR removes the unnecessary bytes, streamlining the entire process.
In this work, we equipped AFL, a popular fuzzer, with DIAR and examined two critical Linux libraries -- Libxml's xmllint, a tool for parsing xml documents, and Binutil's readelf, an essential debugging and security analysis command-line tool used to display detailed information about ELF (Executable and Linkable Format). Our preliminary results show that AFL+DIAR does not only discover new paths more quickly but also achieves higher coverage overall. This work thus showcases how starting with lean and optimized seeds can lead to faster, more comprehensive fuzzing campaigns -- and DIAR helps you find such seeds.
- These are slides of the talk given at IEEE International Conference on Software Testing Verification and Validation Workshop, ICSTW 2022.
Threats to mobile devices are more prevalent and increasing in scope and complexity. Users of mobile devices desire to take full advantage of the features
available on those devices, but many of the features provide convenience and capability but sacrifice security. This best practices guide outlines steps the users can take to better protect personal devices and information.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
Alt. GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using ...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
In his public lecture, Christian Timmerer provides insights into the fascinating history of video streaming, starting from its humble beginnings before YouTube to the groundbreaking technologies that now dominate platforms like Netflix and ORF ON. Timmerer also presents provocative contributions of his own that have significantly influenced the industry. He concludes by looking at future challenges and invites the audience to join in a discussion.
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
UiPath Test Automation using UiPath Test Suite series, part 5DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 5. In this session, we will cover CI/CD with devops.
Topics covered:
CI/CD with in UiPath
End-to-end overview of CI/CD pipeline with Azure devops
Speaker:
Lyndsey Byblow, Test Suite Sales Engineer @ UiPath, Inc.
A tale of scale & speed: How the US Navy is enabling software delivery from l...sonjaschweigert1
Rapid and secure feature delivery is a goal across every application team and every branch of the DoD. The Navy’s DevSecOps platform, Party Barge, has achieved:
- Reduction in onboarding time from 5 weeks to 1 day
- Improved developer experience and productivity through actionable findings and reduction of false positives
- Maintenance of superior security standards and inherent policy enforcement with Authorization to Operate (ATO)
Development teams can ship efficiently and ensure applications are cyber ready for Navy Authorizing Officials (AOs). In this webinar, Sigma Defense and Anchore will give attendees a look behind the scenes and demo secure pipeline automation and security artifacts that speed up application ATO and time to production.
We will cover:
- How to remove silos in DevSecOps
- How to build efficient development pipeline roles and component templates
- How to deliver security artifacts that matter for ATO’s (SBOMs, vulnerability reports, and policy evidence)
- How to streamline operations with automated policy checks on container images
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Building RAG with self-deployed Milvus vector database and Snowpark Container...Zilliz
This talk will give hands-on advice on building RAG applications with an open-source Milvus database deployed as a docker container. We will also introduce the integration of Milvus with Snowpark Container Services.
“An Outlook of the Ongoing and Future Relationship between Blockchain Technologies and Process-aware Information Systems.” Invited talk at the joint workshop on Blockchain for Information Systems (BC4IS) and Blockchain for Trusted Data Sharing (B4TDS), co-located with with the 36th International Conference on Advanced Information Systems Engineering (CAiSE), 3 June 2024, Limassol, Cyprus.
Enchancing adoption of Open Source Libraries. A case study on Albumentations.AIVladimir Iglovikov, Ph.D.
Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
- https://www.instagram.com/ternaus/
This presentation delves into the journey of Albumentations.ai, a highly successful open-source library for data augmentation.
Created out of a necessity for superior performance in Kaggle competitions, Albumentations has grown to become a widely used tool among data scientists and machine learning practitioners.
This case study covers various aspects, including:
People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
How to Get CNIC Information System with Paksim Ga.pptxdanishmna97
Pakdata Cf is a groundbreaking system designed to streamline and facilitate access to CNIC information. This innovative platform leverages advanced technology to provide users with efficient and secure access to their CNIC details.
Communications Mining Series - Zero to Hero - Session 1DianaGray10
This session provides introduction to UiPath Communication Mining, importance and platform overview. You will acquire a good understand of the phases in Communication Mining as we go over the platform with you. Topics covered:
• Communication Mining Overview
• Why is it important?
• How can it help today’s business and the benefits
• Phases in Communication Mining
• Demo on Platform overview
• Q/A
2. Alex Smith
1999 Graduated BA (Hons) Industrial Design at UCLAN
2000 to 2005 Product Design Consultant working on projects for brands such as
Unilever, Ingersoll Rand, GMC, & B&Q
2005 Graduated MA Design Practice at Northumbria University
2005 to Present Director at TRIG Creative Ltd
2005 to Present Visiting Lecturer at University of Huddersfield and Leeds Metropolitan
University on Product Design Courses
Industry Recognition
Gift of the year awards 2007 - Winner
Excellence in Homewares award 2007 - Winner
Plastics Industry Awards - Industrial Design 2010 - Highly Commended Finalist
Plastics Industry Awards - Industrial Product Design 2011 - Finalist
Design Week Awards Finalist - Industrial Product Design 2010 - Finalist
The Horners Award for Plastics 2011 - Highly Commended Finalist
3. TRIG Creative Ltd
Product Design and Development Consultants
Production Tooling Supplier
Production Management
Product Manufacture and Supply
ISO 9001 Accredited
Comprehensive Professional Indemnity Insurance
1200sq ft studio, workshop and presentation facility in Horsforth, Leeds
Customers range from large multi-national corporations to individuals and start-ups
Hundreds of successful products designed and developed by our team
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13. What is Product Development?
“Product development is the act of taking a proposal or concept through a creative and
technical process to transform the idea into a commercially viable entity.”
Simplified product development process for an inventor or start up company:
o Identify a market opportunity / have an idea
o Research what currently exists on the market
o Research consumer need and expectations
o Create a design
o Develop the design
o Prototype the design
o Test the design
o Apply for protection (patent, registered design etc)
o Promote the product
o Gauge market reaction
o Produce the product
o Market the product
o Sell the product
o Invest any profits into development of the next generation of the product
14. How to control the costs associated with Product Development
o Identify a market opportunity / have an idea Cost Free
o Research what currently exists on the market Cost Free
o Research consumer need and expectations Cost Free
o Create a design Charged Service
o Develop the design Charged Service
o Prototype the design Charged Service
o Test the design Cost Free
o Apply for protection (patent, registered design etc) Cost Free / Charged Service
o Promote the product Cost Free / Charged Service
o Gauge market reaction Cost Free
o Produce the product Charged Service
o Market the product Cost Free / Charged Service
o Sell the product Cost Free / Charged Service
Not every charge is a cost, some are investments.......... Many things that are free are
not worth having.
21. Who wants to be a millionaire?
Most inventors imagine developing a successful product and then manufacturing
and selling it themselves. This in some cases is a practical route to market, but in
others this can cause massive financial strain and risk bankrupting the individual.
Some inventors choose a different route whereby they stop the product
development process after they have a working design and patent protection and
they look for a buyer of the whole package who will fund and manage the expensive
manufacture, marketing and producing stock stages.
This is sometimes done as a one off fee for full ownership or in other cases for an
initial fee and then royalties based on the success of the product.
Obviously whether the inventor takes the idea to market themselves or looks for a
sale, the success of the product hinges on the strength of the idea, size of the market,
capturing the imagination of the buyers and a little bit of good luck.
22. Things to avoid / common pitfalls
Not doing enough research
You can never do enough research or homework, even in the later stages of the
project research should be conducted to ensure all bases are covered before
production commences
Don’t file a patent too early
Many people file a patent on the raw idea, then when the design is developed have to
spend a significant amount rewording the patent prior to final submission. Take your
time and get it right first time
Invest in value added stages
Save cost where you can in the process, but don’t view all costs as negative, some are
an investment. The success of a product rests solely on the quality of the design
Test to death
Make sure enough time and budget is allocated to prototyping and testing. Design is
an evolution and a right first time approach is risky
Sell, sell, sell!
No product is ever good enough to sell its self. Resources must be allocated to
marketing and sales to allow the product to stand a chance
23. Is now a good time for Inventors?
We are currently working on projects for 7 inventors, developing products in the
following markets:
oPet products
oConstruction
oMobile phone accessories
oMedical
oDIY
oHealth and safety
Some of these inventors have come up with ideas due to problems they have
encountered in their personal or professional lives, some due to problems family and
friend have and some who have just seen an opportunity in the market.
They are all self funding the projects and are viewing now as a good time to do it due
to market conditions, concerns over employment and security or because they see
innovation as a way to succeed in a difficult economic situation.
What do they all have in common? They are all having “fun” at the same time.
24. Financial Support
Many inventors find funding to help with the costs of product development. To find
out if there is funding available for you, research the following:
http://www.innovateuk.org
The Grant for Research and Development scheme opened on April 4th 2011.
Grant for R&D is available to single companies. Three types of grant are available:
oProof of market grant
oProof of concept grant
oDevelopment of prototype grant
Pre start-ups, start-ups, and small and medium-sized businesses from all sectors
across the UK may apply for the Grant for R&D programme.
http://www.creative-choices.co.uk/tools-resources/article/find-funding
Database of available UK funding for creative projects or businesses.
25. Summary
Have belief in your idea
Research and investigate at every stage
Search for available funding
Don’t submit your patent too early
Don’t think that without a patent it’s all over
Invest in value added stages
Test, evolve and develop your idea until it is as good as it can be
Decide whether to sell / license or manufacture
Marketing, sales and promotion is costly and time consuming but important to success