Maximising R&D Impact with Better External Validations of projects value Propositions

Transcription

1 Rue de la Loi 81A 1040 Brussels, Belgium Tel: +32 (0) Fax: +32 (0) guidlines for open office export to pdf with letterhead guidlines for open office export to pdf with letterhead Maximising R&D Impact with Better External Validations of projects value Propositions Workshop, 9 November 2018 Solvay, Brussels, Belgium EIRMA/ Summary R&D projects are often initiated without quantifying non-technical fundamentals like: - The value chains structure, - Its key players/influencers/profit pools/decision makers, - The potential new business models enabled by future new offerings, - Partners the company should work with, - Markets, - Geographies adjacent to the initial target, etc. This issue has been shown several times to be one of the main root causes of R&D failures or under-achievements A serious external validation exercise drives better and faster decisions about the R&D effort. In addition, R&D initiated after such a validation are better defined and key customers are identified. This usually enables faster and more effective external evaluations of prototypes, development partnerships... Innovation is by definition a multi-functional process. R&D professionals running such a validation exercise learn the marketing and business language as well as priorities helping them better deal with these interfaces. Issues Addressed What do you have to look at in order to know if your R&D project is doable? How do these non-technical innovation aspects impact the innovation output? How to make sure you have the right external validation? What kind of stakeholders do you need? How essential the non-technical fundamentals are? How to implement these processes and validations into your day-to-day team work? Target Audience Programme and R&D managers, Innovation managers, people responsible for creating new business within their company, Strategists, and anyone with operational responsibilities for innovation portfolio. Chairman Nicolas Cudré-Mauroux, Head of the Group s R&I, Solvay Key themes Innovation Processes Business strategy Intellectual Asset Management People and Knowledge Public frameworks

2 PROGRAMME 9:00-9:30 Registration and Welcome coffee (building C) Meeting Center - room Marie-Curie Friday 9 November 9:30-9:40 Welcome and EIRMA presentation Aurélie Jablonski, Head of Programme and Members Relations, EIRMA 9:40-11:10 Presentation from Solvay Introduction about Solvay Managing a portfolio of Breakthrough Innovation projects Tools for opportunity assessments in Breakthrough Innovation Solvay is an advanced materials and specialty chemicals company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers worldwide in many diverse end markets. Its products are used in planes, cars, batteries, smart and medical devices, as well as in mineral and oil and gas extraction, enhancing efficiency and sustainability. Its lightweighting materials promote cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 26,800 employees in 61 countries. Net sales were 10.1 billion in 2017, with 90% from activities where Solvay ranks among the world s top 3 leaders, resulting in an EBITDA margin of 22%. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program. Financial figures take into account the announced divestment of Polyamides. Nicolas Cudré-Mauroux, Head of the Group s R&I, Solvay and Lionel de Beauffort, Strategic Innovation Marketing Director, Solvay :40 Coffee break

3 PROGRAMME 11:40-12:25 Finding your balance: Insights into world class portfolio management In the current era of technological disruption and global competition, it is more important than ever to have a clear grip on how the full intent of corporate strategy is manifested in the R&D portfolio. Allocating resources in line with that strategy achieves better results yet all too often, companies rely on stage gate controls at individual project or program levels. This is not sufficient to achieve the dynamic R&D portfolio management and resource allocation that global corporations need to stay ahead. The aim of ADL s recent study on R&D best practice was to acquire in-depth qualitative insight into emerging approaches to R&D management. Twentythree case studies were developed, with fifteen companies identified as innovation leaders, spread across a broad range of technology-intensive industries including medical devices, pharma, consumer goods, specialty chemicals, food & beverage, oil & gas and industrial equipment. We have further validated and refined the findings through a program of interviews with participating study members. Ben Thuriaux-Alemán, Principal Technology Management Practice, Head of O&G R&D Innovation Competence Center, AD Little VITO in support of Industry to maximize its Innovation impact VITO has a clear goal: to accelerate the transition to a sustainable world. Interdisciplinary scientific research is the basis for achieving this impact. In order to realise this ambition, Research Director Walter Eevers established Excites in 2016: It s an ambitious EXCITES programme that supports scientists in fully focusing on scientific research and maximizing their contribution to our impact on society. Why is societal impact important to VITO? Applied science is our core competence. On the basis of scientifically grounded knowledge, we can give direction to a sustainable world. In order to achieve this, we need to estimate the future needs so that we define appropriate research programmes, deploy relevant technological innovations and ultimately impact society. How are you working on the impact task? "In order to make an impact in the transition towards a more sustainable world, we established the Excellence Centre for Innovation and Technology in Sustainability (EXCITES) programme, which is intended to provide seven projects/structures to enable VITO researchers to excel in their applied research. Aim: to create maximum impact." Walter Eevers, Research Director, VITO 13:10 14:30 Lunch break

4 PROGRAMME 14:30 15:15 Presentation from RISE RISE Interactive Göteborg investigates and innovates theory, design, methodology, and technology practices within the areas below: Future Internet Social dimensions of IT Hacker & Maker Culture Learning Game Design and Game Studies Interaction Design and novel user interfaces Peter Ljungstrand, Studio Director and Senior Researcher, RISE 15:15 16:00 R&D Portfolio Management in High-Tech Firms: a discussion on best practices This presentation will highlight insights from a global research study aimed at exploring R&D portfolio management in high-tech firms. As a result, the key success factors for enabling quality portfolio decision-making are identified, the diagnostic aids to improve portfolio management governance are developed, and both will be discussed. Participants will gain an understanding of the state of portfolio management across industries and discuss their related experiences. Nitish Gupta, PhD candidate, University of Cambridge, Department of Engineering 16:00 16:30 Open Discussion, Wrap-up and Conclusion by chairman 16:30 End of the meeting

5 PRACTICAL ARRANGEMENTS Venue Solvay Campus 310, rue de Ransbeek 1120 Brussels Belgium Tel: Contact: Huguette Joly ( ) huguette.joly@solvay.com Transportation to Solvay: By airplane Brussels Airport We recommend you to take a taxi. By train: Brussels South Train Station (Thalys, TGV, Eurostar) You can take a train to Brussels Airport or directly a taxi to Solvay Brussels North Train Station Bus 47: Direction Vilvoorde, stop Chemin Vert (20 min) Bus 57: Direction Military Hospital, stop Chemin Vert (20 min) Vilvoorde Train Station Bus 47 : Direction de Brouckère, stop Chemin Vert (18 min) By car ACCESS ROUTES OF SOLVAY CAMPUS From the Brussels Ring (Exit nr 6 Kanaalzone ) Follow the Solvay signs, along Steenweg of Koningslo and avenue de Tyras (N209). At the crossroad with avenue Van Oss, turning right through rue de Ransbeek, then left to the reception. From the Center of Brussels After the Van Praet brigde, go along chaussée de Vilvorde Turn left up avenue du Marly, then turn right along rue de Ransbeek to the reception. Cancellations Please give as much notice as possible if you are obliged to cancel. We will refund 50% of the registration fee for cancellation received 1 week before the meeting. Names may be substituted at any time without charge.

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