Open Innovation Overview discusses combining internal and external ideas to advance new technologies. It explains that open innovation allows using external ideas and technologies while taking internal inventions outside. Benefits include accessing expertise not possessed internally and gaining resources and capabilities. Recommended steps involve creating an open innovation plan, identifying partner organizations, and managing collaborations through deliverables and stage gates.

1. Open Innovation Overview Product Concept Development, Inc.

3. Make use of external ideas & technologies

4. Internal inventions not being used should be taken outsideNot all good ideas are developed within a company, and not all ideas should be further developed within the firm's own boundaries.

7. If a company doesn’t use it, then someone else will

8. External options for ideas sitting on shelf

9. Increasing capability of external firms

11. Benefits of Open Innovation

13. Resource shortage

14. New product competition

15. Slow and/or poor results from internal invention processes

16. Need for disruptive new technologies

18. Poor management endorsement & focus

19. Lack of process for leveraging outside resources

20. IP rights concerns

21. Over-constraining outside resources to stay within “narrow boxes”

22. Gaining critical mass & dedicated internal manpower to manage & implement open innovation

24. Gain management endorsement

25. Assign principal point of contact

26. Characterize problem or technical area for Open Innovation

27. Identify candidate organizations for partnership

28. Collaborate to develop relationship & work plan

30. Technical depth in targeted areas

31. Sound management practices

32. Lean, agile organization

33. Efficient

34. Strong collaboration and communication abilities

36. http://www.openinnovation.eu/openinnovatie.php

37. http://www.innovationtools.com/PDF/open-innovation-nerac.pdf

40. Minimize the cost & time necessary take breakthrough technologies & products to market

41. Augment the capabilities & performance of our customer organizationsMission Statement

42. What is ?

44. 100+ projects

45. 2 spinoff companies

46. 4 Partnerships

47. 3 Technology Innovation Awards

50. Develop problem statement

52. Example Projects

53. Active Water Sciences, LLC BrownlineMetalworks, LLCDigital Torque Wrench Commercialization

54. Satisfied Customers

56. Custom electromagnetic system to perform work

57. Tight environmental, power, and spatial constraints

58. High reliability

59. Compacted development time

60. PCD involved from problem statement to production ramp-upSolution refinement Full scale design and test Design optimization Production ramp-up

61. Technology Investigation

62. Brainstorming

63. Solution refinement

64. Prototype Design & Construction

66. Provides over 250 lbs of force

68. Significant depth in targeted areas

69. Network of experts

70. Value delivered in all stages of development cycle

71. Time and cost savingsWhat our customers like… “You solve problems that nobody else can” --James Wardlaw NPD Manager, Ingersoll Rand

74. Thermodynamics

76. Fluidics

78. THE PCD TEAM Donna Rainone, M. Arch. Architecture Mike Rainone, M.S., Psychology , M. Arch. Architecture Tom Crippen, Ph.D, Mechanical Engineer Bert Sackett, M.S., Electrical Engineer Joe Comparetto, M.S., Electrical Engineer Phillip Grisham, M.S., Mechanical Engineer Kenneth Wilson, Ph.D., Materials Science Dee German, M.S., Optical Physics Mike Musial, B.B.A., Business Management Talbot Presley, B.S., Mathematics Dave Carton, B.S., Mechanical Engineer, Chemistry Clint Thompson, Master Prototyper Alex Walls, B.S. Biology Louise Rainone, B.A., Media Production

80. Perfect for distraction-free brainstorming

81. 20,000 SF of laboratory and office space

82. Main laboratory

83. Prototype lab

84. Brainstorming studio

85. Main house

86. Guest house

88. Services Detail

90. Cross discipline teams of client, PCDworks and 3rd party experts

91. Generate large number of high quality concepts

92. Refine best concepts to workable designs

94. Electronic design and simulation

95. Embedded software development

96. PCB design and rapid prototyping

97. Wireless sensor design, mote design and programming

98. Analytical modeling and software development

100. 3D modeling

101. FEA and multi-physics analysis

102. Component sourcing

103. Design for manufacturing

104. Simulation and testing

105. FMEA

107. Medical product development and testing

108. Biological cultures and sterilization

109. Custom bacteria development

111. Technology scanning

112. Targeted research

114. Mechanical

115. Force & torque

116. Velocity & acceleration

117. Temperature

118. Flow

119. Strength of materials

120. Electrical

121. Efficiency

122. Power consumption

124. Magnetic flux analysis and optimization

125. Custom manufacturing

126. Testing and validation

128. Molding, casting and vacuum forming

129. Product visualization

130. Custom test fixtures

131. Field-ready prototypes