Concept to Reality The Process of Transitioning Innovation into Production John Dewey ITM Partners, Ltd. (Innovation, Technology, Machinery)

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Presentation transcript:

Concept to Reality The Process of Transitioning Innovation into Production John Dewey ITM Partners, Ltd. (Innovation, Technology, Machinery)

Concept Evolution Maturing your vision Vetting the concept Realizing the dream

Understanding the Development Process Concept definition Development of CAD Models Prototypes – Proof of concept – Form/Fit/Function – Investor samples – Marketing samples – Test samples Incorporate Feedback Perform Value Engineering

Transitioning to Production Time Costs Quantities Materials Sources (contract vs. in-house) Certifications I/P Expectations

Pitfalls False Expectations – Buy-in – Cost – Time – Market

What’s Next… Protect your vision Understand your Market Seek advice: – Startech (Startech.1.org) – South Texas Angel Network (STAN) – Alamo Inventors (AlamoInventors.org)

Presented by: John Dewey Vice President, Operations ITM (Innovation, Technology, Machinery)