A summary of technoloyg projects, showing process is key to technology commercialization. In this summary, we demonstrate our ability to commercialization technologies in biotech, medical, consumer, materials, science, and other fields.
A summary of technoloyg projects, showing process is key to technology commercialization. In this summary, we demonstrate our ability to commercialization technologies in biotech, medical, consumer, materials, science, and other fields.
This guide will help You to built and follow up your new project to reach heights ! LeadLike is the professional company to coach young entrepreneurs bring innovative products to the market. www.leadlike.com
Technology Transfer Planning Template- posterJennifer Flagg
This poster describes a Technology Transfer Planning Template (TTPT) designed to help improve the quantity and quality of innovations moving from lab to market. It provides investigators with information that helps them plan for and implement new product development best practices.
Chapter 2
The New Products Process
*
The Procter & Gamble Cosmetics SagaStarting point: senior management commitment to new products.P&G’s Cosmetics business unit had no clear product strategy, unfocused product initiatives, and too many customer segments being targeted – in short, a lack of focus.P&G Cosmetics skillfully used all three strategic elements and made the weak business unit profitable.
*
P&G Cosmetics and the PICSituation Assessment:Underserved consumer market that wanted quality facial product such as cleansers, eye products, etc.Supply chain was uncoordinated as production and shipments were not tied to demand; market forecasts were not driving shipping schedules.PIC recommended a strategic focus on products for the face – other opportunities would not be pursued.
*
P&G Cosmetics and the New Products ProcessP&G Cosmetics used a phased process like that of Chapter 1.Project teams established early in process.Consumer research done early and used in the process (the voice of the customer).Tough evaluation steps were carefully implemented as new products were compared to best practices and benchmarks.
*
P&G Cosmetics and the New Product PortfolioP&G Cosmetics systematically added new products such that maximum buzz and excitement was created in the marketplace.If already several eye makeup products on the market, they would not immediately launch another. Management called this an “initiative rhythm” for product launch.
*
P&G Cosmetics and the Role of Effective Team ManagementSenior Cosmetics executives were committed to success as was corporate level management.Initiative Success Managers were hired to lead strategy development, manage evaluation meetings, train employees, etc.The best team leaders were sought and rewarded based on performance.
*
The Phases of the New Products Process
Phase 1: Opportunity Identification/Selection
Phase 2: Concept Generation
Phase 3: Concept/Project Evaluation
Phase 4: Development
Phase 5: Launch
Figure 2.1
The Evaluation Tasks in the New Products Process
Figure 2.2
Opportunity Identification/
Selection
Concept Generation
Concept/Project Evaluation
Development
Launch
Direction;
Where should we look?
Initial Review:
Is the idea worth screening?
Full Screen:
Should we try to develop it?
Progress Reports:
Have we developed it?
Market Testing:
Should we market it?
*
Phase 1: Opportunity Identification/Selection
Active and passive generation of new product opportunities as spinouts of the ongoing business operation. New product suggestions, changes in marketing plan, resource changes, and new needs/wants in the marketplace. Research, evaluate, validate, and rank them (as opportunities, not specific product concepts). Give major ones a preliminary strategic statement to guide further work on it.
*
Activities that Feed Strategic Planning for New ProductsOngoing marketing planning (e.g., need to meet new aggressive competitor)Ongoing corporate plan ...
A Guide to Product Development services in Torrance - Ezinnovation.pdfEzinnovation
Product development in Torrance offers a dynamic and supportive environment for turning innovative ideas into reality. By leveraging collaboration, networking, user-centric design, and sustainable practices, businesses can navigate the product development journey with confidence. With a focus on continuous improvement and embracing emerging technologies, Torrance serves as a hub for fostering innovation and bringing groundbreaking products to market. Join the ranks of successful product developers in Torrance and unlock the full potential of your ideas.
Mastering the Product Development Process: A Comprehensive Guide to Bringing ...CIO Look Leader
Key Stages of the Product Development Process: 1. Idea Generation 2. Concept Development and Screening 3. Market Research 4. Prototype Development 5. Testing and Validation
Extraction Of Natural Dye From Beetroot (Beta Vulgaris) And Preparation Of He...SachinKumar945617
If you want to make , ppt, dissertation/research, project or any document edit service
DM me on what's app 8434381558
E-mail sachingone220@gmail.com
I will take charge depend upon how much pages u want
This guide will help You to built and follow up your new project to reach heights ! LeadLike is the professional company to coach young entrepreneurs bring innovative products to the market. www.leadlike.com
Technology Transfer Planning Template- posterJennifer Flagg
This poster describes a Technology Transfer Planning Template (TTPT) designed to help improve the quantity and quality of innovations moving from lab to market. It provides investigators with information that helps them plan for and implement new product development best practices.
Chapter 2
The New Products Process
*
The Procter & Gamble Cosmetics SagaStarting point: senior management commitment to new products.P&G’s Cosmetics business unit had no clear product strategy, unfocused product initiatives, and too many customer segments being targeted – in short, a lack of focus.P&G Cosmetics skillfully used all three strategic elements and made the weak business unit profitable.
*
P&G Cosmetics and the PICSituation Assessment:Underserved consumer market that wanted quality facial product such as cleansers, eye products, etc.Supply chain was uncoordinated as production and shipments were not tied to demand; market forecasts were not driving shipping schedules.PIC recommended a strategic focus on products for the face – other opportunities would not be pursued.
*
P&G Cosmetics and the New Products ProcessP&G Cosmetics used a phased process like that of Chapter 1.Project teams established early in process.Consumer research done early and used in the process (the voice of the customer).Tough evaluation steps were carefully implemented as new products were compared to best practices and benchmarks.
*
P&G Cosmetics and the New Product PortfolioP&G Cosmetics systematically added new products such that maximum buzz and excitement was created in the marketplace.If already several eye makeup products on the market, they would not immediately launch another. Management called this an “initiative rhythm” for product launch.
*
P&G Cosmetics and the Role of Effective Team ManagementSenior Cosmetics executives were committed to success as was corporate level management.Initiative Success Managers were hired to lead strategy development, manage evaluation meetings, train employees, etc.The best team leaders were sought and rewarded based on performance.
*
The Phases of the New Products Process
Phase 1: Opportunity Identification/Selection
Phase 2: Concept Generation
Phase 3: Concept/Project Evaluation
Phase 4: Development
Phase 5: Launch
Figure 2.1
The Evaluation Tasks in the New Products Process
Figure 2.2
Opportunity Identification/
Selection
Concept Generation
Concept/Project Evaluation
Development
Launch
Direction;
Where should we look?
Initial Review:
Is the idea worth screening?
Full Screen:
Should we try to develop it?
Progress Reports:
Have we developed it?
Market Testing:
Should we market it?
*
Phase 1: Opportunity Identification/Selection
Active and passive generation of new product opportunities as spinouts of the ongoing business operation. New product suggestions, changes in marketing plan, resource changes, and new needs/wants in the marketplace. Research, evaluate, validate, and rank them (as opportunities, not specific product concepts). Give major ones a preliminary strategic statement to guide further work on it.
*
Activities that Feed Strategic Planning for New ProductsOngoing marketing planning (e.g., need to meet new aggressive competitor)Ongoing corporate plan ...
A Guide to Product Development services in Torrance - Ezinnovation.pdfEzinnovation
Product development in Torrance offers a dynamic and supportive environment for turning innovative ideas into reality. By leveraging collaboration, networking, user-centric design, and sustainable practices, businesses can navigate the product development journey with confidence. With a focus on continuous improvement and embracing emerging technologies, Torrance serves as a hub for fostering innovation and bringing groundbreaking products to market. Join the ranks of successful product developers in Torrance and unlock the full potential of your ideas.
Mastering the Product Development Process: A Comprehensive Guide to Bringing ...CIO Look Leader
Key Stages of the Product Development Process: 1. Idea Generation 2. Concept Development and Screening 3. Market Research 4. Prototype Development 5. Testing and Validation
Extraction Of Natural Dye From Beetroot (Beta Vulgaris) And Preparation Of He...SachinKumar945617
If you want to make , ppt, dissertation/research, project or any document edit service
DM me on what's app 8434381558
E-mail sachingone220@gmail.com
I will take charge depend upon how much pages u want
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptxDenish Jangid
Solid waste management & Types of Basic civil Engineering notes by DJ Sir
Types of SWM
Liquid wastes
Gaseous wastes
Solid wastes.
CLASSIFICATION OF SOLID WASTE:
Based on their sources of origin
Based on physical nature
SYSTEMS FOR SOLID WASTE MANAGEMENT:
METHODS FOR DISPOSAL OF THE SOLID WASTE:
OPEN DUMPS:
LANDFILLS:
Sanitary landfills
COMPOSTING
Different stages of composting
VERMICOMPOSTING:
Vermicomposting process:
Encapsulation:
Incineration
MANAGEMENT OF SOLID WASTE:
Refuse
Reuse
Recycle
Reduce
FACTORS AFFECTING SOLID WASTE MANAGEMENT:
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
Power-sharing Class 10 is a vital aspect of democratic governance. It refers to the distribution of power among different organs of government, levels of government, and social groups. This ensures that no single entity can control all aspects of governance, promoting stability and unity in a diverse society.
For more information, visit-www.vavaclasses.com
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity Green house effect & Hydrological cycle
Types of Ecosystem
(1) Natural Ecosystem
(2) Artificial Ecosystem
component of ecosystem
Biotic Components
Abiotic Components
Producers
Consumers
Decomposers
Functions of Ecosystem
Types of Biodiversity
Genetic Biodiversity
Species Biodiversity
Ecological Biodiversity
Importance of Biodiversity
Hydrological Cycle
Green House Effect
Constructing and Commercialising Technology: best engineering colleges in bangalore | RRCE
1. Constructing and Commercialising
Technology: best engineering
colleges in bangalore
Innovation is the driving force behind technological progress, and the journey from idea to commercial
success requires a structured approach. Constructing a technology involves the design and
development of a product or service, while commercialization focuses on taking that technology to
market. This guide covers the entire process, from ideation to funding to scaling, along with insights
into key agencies and programs that support technology commercialization.
Part 1: Constructing a Technology
The construction phase is where the spark of an idea is transformed into a tangible product or service.
This process requires technical skills, creativity, and a clear understanding of market needs. Let’s
break down the steps involved in constructing a technology.
Step 1: Identify a Problem or Opportunity
Every successful technology begins with identifying a problem or unmet need. This might come from
personal experience, market trends, industry pain points, or emerging opportunities. To identify a
problem worth solving:
Market Research: Conduct thorough research to understand industry trends, customer
behaviours, and existing solutions. This helps validate whether there’s a genuine need for
your technology.
Customer Feedback: Engage with potential users to gather insights into their challenges and
preferences.
2. Competitor Analysis: Study existing competitors to understand their strengths and
weaknesses. This can reveal gaps or areas for improvement.
Step 2: Conceptualise the Solution
With a clear problem in mind, the next step is to brainstorm and conceptualise a solution. This phase
involves creativity and a clear vision for the technology. Key activities include:
Brainstorming: Gather a team of diverse experts to generate ideas and explore innovative
approaches.
Define the Core Features: Determine the key functionalities that will differentiate your
technology from others.
Create a Roadmap: Outline the steps to take the concept from idea to prototype. This
roadmap serves as a guide throughout the development process.
Step 3: Design and Develop the Prototype
Once the concept is established, it’s time to create a prototype—a preliminary model that
demonstrates the technology’s functionality. This stage involves:
Technical Design: Use engineering and design skills to create detailed schematics,
blueprints, or code. Tools like Computer-Aided Design (CAD) software are invaluable for this
process.
Prototype Construction: Build the prototype, ensuring it aligns with the concept and
intended functionality. This may involve hardware, software, or a combination of both.
Testing and Iteration: Test the prototype to identify any issues or areas for improvement.
Gather feedback from colleagues, industry experts, and potential users, then iterate
accordingly.
Step 4: Secure Intellectual Property (IP) Rights
To protect your technology from unauthorised use, securing intellectual property rights is crucial.
Patents are the most common form of IP protection for technology. The steps to secure a patent
include:
Patent Search: Conduct a thorough patent search to ensure your technology is unique and
doesn’t infringe on existing patents.
Draft and File a Patent Application: Work with a patent attorney to draft and submit a patent
application. This process involves describing the invention in detail and defining the patent
claims.
Monitor and Enforce IP Rights: Once the patent is granted, monitor for potential
infringements and take legal action if necessary.
Step 5: Refine the Prototype and Prepare for Production
As you secure IP rights, continue refining the prototype to ensure it’s ready for production. Focus on:
Design for Manufacturability: Optimise the design for efficient production. Consider
materials, manufacturing processes, and cost efficiency.
Quality Assurance and Compliance: Implement rigorous testing and quality assurance
processes to ensure the technology meets industry standards and safety regulations.
3.
Part 2: Commercialising a Technology
Commercialization is the process of taking your technology to market and generating revenue. It
requires a strategic business plan, funding, and effective marketing. Let’s explore the key steps
involved in commercialization.
Step 1: Develop a Business Plan
A comprehensive business plan is essential for commercialization. It serves as a roadmap for your
business and is critical for attracting investors and stakeholders. Key components of a business plan
include:
Executive Summary: A concise overview of your business, including the technology, target
market, and unique value proposition.
Market Analysis: A detailed analysis of the market, including customer demographics,
industry trends, and competitor analysis.
Revenue Model: Define how your business will generate revenue. This could be through
product sales, subscriptions, licensing, or other business models.
Marketing Strategy: Outline how you plan to promote and sell the technology. This includes
pricing, distribution channels, and promotional activities.
Operations and Logistics: Describe your production processes, supply chain, and
distribution methods.
Financial Projections: Provide detailed financial forecasts, including projected expenses,
revenues, and break-even analysis.
Step 2: Secure Funding
Commercialization often requires significant funding, and there are various sources to explore. Here’s
an overview of common funding sources for technology commercialization:
India offers a variety of funding agencies and programs to support technological commercialization,
catering to startups, innovators, and research-based projects. Here are some key agencies:
Department of Science and Technology (DST)
The DST is a leading government body that supports scientific research and innovation. It offers
programs such as:
4. National Initiative for Developing and Harnessing Innovations (NIDHI): Aimed at nurturing
innovation and entrepreneurship, NIDHI provides seed funding, incubation, and acceleration
support.
Technology Development Board (TDB): TDB funds projects with commercial potential and
promotes the application of technology for societal benefits.
Department of Biotechnology (DBT)
DBT supports biotechnology-based startups and research. It offers funding through:
Biotechnology Industry Research Assistance Council (BIRAC): BIRAC provides grants, loans,
and equity-based funding to biotech startups and entrepreneurs.
Atal Innovation Mission (AIM)
Part of NITI Aayog, AIM promotes innovation and entrepreneurship. It supports incubators,
accelerators, and startup funding through the Atal Tinkering Labs and Atal Incubation Centers.
Indian Angel Networks and Venture Capital Firms
While not government agencies, India has a vibrant network of angel investors and venture capitalists
that provide funding and mentorship to startups in technology and related fields.
Incubators and Accelerators
These organisations provide resources, mentorship, and networking opportunities to startups. They
often offer seed funding to help startups grow.
Crowdfunding
Platforms like Kickstarter and Indiegogo allow startups to raise funds from the public. This approach is
particularly useful for consumer-focused technologies.
Step 3: Establish Partnerships and Collaborations
Partnerships and collaborations can play a significant role in successful commercialization. They can
provide additional resources, expertise, and market access. Consider the following:
Academic Collaborations: Universities and research institutions often have expertise and
facilities that can support technology development and testing.
Industry Partnerships: Partner with established companies in related fields for joint
ventures, licensing agreements, or co-marketing initiatives.
Incubators and Accelerators: These organisations offer mentorship, resources, and
networking opportunities, often in exchange for equity or a fee.
Step 4: Launch and Market the Technology
With funding and partnerships in place, you’re ready to launch your technology. This step involves
creating a comprehensive launch strategy and executing effective marketing campaigns. Key
considerations include:
Product Launch Strategy: Plan a strategy that includes press releases, product
demonstrations, launch events, and other promotional activities.
Digital Marketing: Leverage digital platforms like social media, email marketing, and online
advertising to reach a broader audience.
5. Public Relations and Media: Engage with industry publications and media outlets to
generate buzz around your technology.
Customer Support and Feedback: Provide excellent customer support and actively seek
customer feedback to improve the product and enhance user satisfaction.
Step 5: Scale and Expand
After a successful launch, focus on scaling your business and expanding your market reach. This step
requires operational scalability and strategic planning. Consider the following:
Operational Scalability: Ensure your production and distribution processes can handle
increased demand. This may require expanding facilities or automating certain processes.
Market Expansion: Explore new geographic regions or customer segments to grow your
business.
Product Diversification: Consider developing new products or services based on your
existing technology or leveraging related technologies to diversify your product portfolio.
Conclusion
In our experience at RRCE we believe that both constructing and commercialising technology carry
an equal essence and thus use all your bandwidth to work on both no matter how challenging it might
be it will be a rewarding journey. It requires a combination of technical expertise, business acumen,
and strategic planning. By following the steps outlined in this guide, you can increase the chances of
successfully turning your innovative idea into a profitable business.
Throughout this journey, leveraging funding opportunities and establishing partnerships with key
stakeholders can be crucial. By identifying the right funding agencies and building strong
collaborations, you can overcome many of the challenges associated with technology
commercialization. Remember, successful commercialization often requires flexibility and adaptability,
so be open to refining your strategy as you learn from customer feedback and market trends.