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

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Presentation on theme: "Concept to Reality The Process of Transitioning Innovation into Production John Dewey ITM Partners, Ltd. (Innovation, Technology, Machinery)"— Presentation transcript:

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

2 Concept Evolution Maturing your vision Vetting the concept Realizing the dream

3 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

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

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

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

7 Presented by: John Dewey Vice President, Operations ITM (Innovation, Technology, Machinery) 210-651-9066 www.itm-texas.com


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