Invention to Product
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1 Invention to Product Surya Raghu Kigali, Rwanda May 14-18,
2 Entrepreneurship for Scientists and Engineers 2
3 1. Introduction 2. Inventions, Technology Development and TRLs 3. Invention to Product: Processes (Things To Do) and Timelines 4. Examples of Invention to Products 5. Pitfalls to commercialization 6. Conclusions OUTLINE 3
4 Why do we need inventions and new products? Improve quality of life useful (Are all your projects serving the needs of the society?) Commercialization for economic benefit while also beneficial to the society profit, to be more specific. 4
5 2016 Popular Science Invention Awards The EnteroPhone ( The EnteroPhone is a pill designed to monitor vital signs from inside the body. Technology Maturity 1/5 5
6 2016 Popular Science Invention Awards A SELF-POWERED CAMERA Technology Maturity: 3/5 ( 6
7 2016 Popular Science Invention Awards eora 3D PRECISE 3D SCANNING ON THE GO Technology Maturity: 5/5 ( 7
8 2015 Popular Science Invention Awards 8
9 2015 Popular Science Invention Awards 9
10 2015 Popular Science Invention Awards 10
11 An idea is not an invention An invention is not a product Not done before Necessarily useful invention! Useful Invention = Successful Product only if marketed well 11
12 The path from invention to a product 6 aspects of taking an invention to a product 1. Technology Development 2. Securing Intellectual Property 3. Manufacturing Process development 4. Financials 5. Business Development 6. Company set-up and management 12
13 The path from invention to a product It is important to understand that there are quite a few things to be done in taking an invention to a product and it takes some time to accomplish all these! 13
14 Technology Development and Technology Readiness Levels (TRL) TRL Table: Developed by NASA and commonly used in the US (and more recently in Europe) for technology development programs to measure the maturity of a technology. Also important in the valuation of the product/company. 9 Stages of Technology Readiness Levels TRL 1-9 (Ref: John C. Mankins (1995), 14
15 Technology Readiness Levels (TRL) 15
16 Some points about TRL No official certification/approval process of TRLs Multiple technologies in a single product? 16
17 How long does it take to get from TRL1 to TRL9? (what is your estimate?) 17
18 TRL 2 Invention 1. Notebook entry Invention to Product: Steps and Time-Line 6. Provisional Application 7. Start reduction to practice 12. Complete reduction to practice 13. Complete Non-Provisional patent application (2-3 months) 14. Assemble team to do further work 15. Start product development 22. Finish alpha-version of product 23. Get feedback from customers TRL 3 TRL4 TRL6 Product TRL Months 2. Literature Survey 3. Invention Disclosure Form 4. Identify patent attorney 5. Check organizational rules 19. Start manufacturing consideration, location 20. Identify suppliers, subcontractors 21. Permits and Licenses 8. Develop product ideas 9. Conduct market research 10. Identify and contact potential sponsors for product development 11. Sign non-disclosure forms 16. Finish bread-board version of product (TRL 4) 17. Obtain requirements from customers 18. Start industrial design and packaging 24. Beta-version of product 25. Start manufacture 26. Patent might be issued anytime now! 18
19 Cost of Taking the Product to Market Commercialization $ Phase II Angel Investors Early Stage Investors Venture Capitalists? Phase I TRL 3 TRL4 TRL Months Valley Of Death 19
20 IRL and TRL?? Investor Readiness Level (IRL) 20
21 Examples of Timelines for Products 21
22 The Issued Patent Where can I use this? 22
23 Oscillating jet (spray) generated by the device Can I patent this idea? 23
24 Windshield Washer Nozzle 24
25 Example: Windshield washer nozzles based on hydrodynamic instabilities (market pull) Inventor: Surya Raghu, USA Invention process: August-October 1998 US Provisional application: October 1998 Non-Provisional Application: October 1999 Patent issued: July 2001 Development: Currently an automotive product in use from
26 The Final Product: Windshield Washer Nozzle (Manufactured in Zacatecas) 40 million nozzles/year Used in GM,Ford, Chrysler, Volkswagon, Mercedes Saab, Jaguar Toyota, Honda 26
27 Invention 1. Notebook entry work 6. Provisional Application 7. Start reduction to practice Invention to Product Time-Line Windshield Washer Nozzle 12. Complete reduction to practice 13. Complete Non-Provisional patent application (2-3 months) 14. Assemble team to do further 15. Start product development Product TRL Finish alpha-version of product 22. Get feedback from customers July.1998 Oct. Oct 1999 Nov.1999 Aug 2000 July Literature Survey 3. Invention Disclosure Form 4. Identify patent attorney 5. Check regulatory issues 19. Start manufacturing consideration, location 20. Identify suppliers, sub-contractors 21. Permits and Licenses 8. Develop product ideas 9. Conduct market research 10. Identify and contact potential sponsors for product development 11. Sign non-disclosure forms 16. Finish bread-board version of product (TRL 4) 17. Obtain requirements from customers 18. Start industrial design and packaging 24. Beta-version of product 25. Start manufacture 26. Patent might be issued anytime now! 27
28 Example: Wireless Corrosion Health Monitor Inventors: Guy Davis, Chester Dacres and Lorrie Krebs (DaccoSci Inc) Date Applied for patent: August 1999 Date Issued: Dec Date product development began: Oct (DaccoSci, Advanced Fluidics and Virginia Technologies) Current status: Marketed by Electrawatch 28
29 The Issued Patent 29
30 TRL 8 Corrosion Health Monitor Product (2008) (2007) TRL 6 Prototype 1 TRL 3 Patent (2001) Product concept (2005) mock-up (2006) TRL 1 30
31 Minimize Time to Market Cost Competition Window of Opportunity 31
32 New Trends in Product Development 1. Plan for future functionality in present product design 2. Consumers are demanding responsibility in product design 3. 3D printing plays a crucial role in any product design 4. Outsourcing is a viable for product design 5. Knowledge base with documentations for customers 6. Globalization vs. Customization Entrepreneurship for Scientists and Engineers EAIFR, Rwanda, May 14-18, 32
33 CONCLUSIONS Invention to a Product involves quite a few steps and processes Technology Readiness Levels (TRL) is a good metric for determining the stage of the product. 33
34 CONCLUSIONS The leap Invention <10% TRL 3 TRL 6 Product $$$$ >90% Valley Of Death 34
35 CONCLUSIONS Watch out for pitfalls! 35
36 THANK YOU 36
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