Fast-track Innovation and Commercialization: Tools and Techniques

ISBN-13: 9783031303746 / Angielski

Biplab Kumar Datta

Opis

This book discusses innovation and invention. It introduces innovation, the innovation eco-system needed in company to succeed in innovation, the need for innovation and its timing with respect to the product life cycle. It shows how to develop innovation strategy  and get ready for product development, the management of innovation processes from the concept phase to commercialization and supplies practical tools and techniques for achieving success in complex, fast-track technology development projects.In today’s world of fast-paced innovation from all corners of the world, technology is getting obsolete much faster than it was 50 years ago. In order to match the fast-evolving market demand and evolution of technology, one needs to innovate much faster. The whole process of developing technology/product/services from concept phase to prototyping to series production and commercialization has to happen in a very structured way so that the process is not only fast-track and lean but also very efficient. The methodology presented in the book has been applied in many real-life projects. The book will be of interest to professionals in business and technology as well as students.

Spis treści

List of figures 

List of tables 

Preface 

Acknowledgements

 

Introduction 

1. Innovation & Innovation ecosystem 

1.1 Innovation  

Defining Innovation 

Defining invention 

Sustainable innovation 

Driving force behind Innovation 

Classification of Innovation Activities 

Accidental innovation 

1.2 Innovation ecosystem in corporate world  

Creating strategic innovation agenda 

1.3 Innovation ecosystem for start-ups 

Funding & Valuation of a Startup 

2. Strategic technology development process 

2.1. Red ocean vs. blue ocean strategy 

2.2. Value creation 

2.3. Product life cycle & importance of innovation management 

2.4. Pricing strategy 

2.5. Communication of Value proposition

2.6. Technology strategy & roadmap 

Creating Technology Roadmap 

Defining the problem/Challenge 

Disclosure of invention 

Intellectual property (IP)

Patenting process 

Patenting or keeping innovation secret 

Non-disclosure agreement 

Market/IPR assessment  

Time to Market 

2.7. Business model and Business model canvas (BMC)  

3. Managing technology development 

3.1. Technology readiness level (TRL)  

3.2. Customer acceptance level (CAL) 

3.3. Managing creative people 

3.4. Why a process is needed  

3.5. Concurrent Engineering & its benefits  

3.6. Industrializing Innovation process – Chinese way (43) 

4. Systems engineering approach 

4.1. Systems engineering management 

4.2. The development Process & System requirements 

Concept development 

Function means analysis  

Process of Creating Systems Requirement Document  

Requirements Analysis

Types of Requirements 

Systems Requirement Document  

Requirements Verification Matrix  

System design document 

4.3. Technology development using systems engineering process 

4.4. Impact of Systems Engineering on Quality and Schedule – a case study 

5. Systems engineering best practice & useful tools 

5.1. System engineering best practice 

Qualification of new technology 

Decision making tool  

5.2. Risk management 

5.3. Fast track technology development process 

5.4. Lean process in technology development  

5.5. Some challenges 

6. Key to successful fast track innovation 

6.1 Overview of product/technology development process 

6.2 Commercialization & its importance  

Commercialization pathways 

6.3 A few words for Start-ups 

References

 

Appendix A - Disclosure of Innovation 

Appendix B – Mutual Non-disclosure Agreement 

Appendix C – Business Model Canvas 

Appendix D – System Requirement Document

Appendix E – System Requirement Document template 

Appendix F – A3 Template 

Appendix G – Risk Register 

O autorze

Dr. Biplab K Datta is a mechanical engineer and has very wide industrial experience across various sectors of industry in India. He was an assistant professor at ISM (now IIT), Dhanbad, India before moving to Norway being invited to join Tel-Tek  (Now SINTEFF) at Porsgrunn. In Norway, he worked with applied research in the field of powder technology and developing technology for process industry. He was also teaching at HiT (now University of South Norway) as a professor in powder technology. During his tenure at Porsgrunn, he collaborated with oil and gas sector industries for new technology development. Dr. Datta has been an inventor in three patents in collaborative innovation work with companies like National Oilwell, Statoil (Equinor), Rolls Royce Marine, etc. He has several publications in international peer reviewed journals and conferences. 

As a program manager at Kongsberg Devotek, Dr. Datta has managed several multi-discipline technology development (often with revolutionary technology) projects for the oil and seismic sectors industries (for customers like Statoil (Equinor), Hydro Oil & Gas, Fugro, etc.) from concept development to commercialization, which has resulted in several patents also. The author had the privilege of leading a few game-changing technology development projects related to subsea electrification in Norway for the oil industry and automatization for the seismic industry. Autonomous snow plough machine (now commercially available in Norway) started as a student project developing the concept under the author’s management. Dr. Datta has also worked as the head of Patent and Innovation in a patent company in Norway.

Dr. Datta is currently working as the director for Innovation at NILU (Norwegian Institute for Air Research) in Norway. Dr Datta is a 'Standards Norway' expert member of Norwegian National Committee for Innovation Management. He is also a member of Norwegian National Committee for the investigation of misconduct in research.