coventry & warwickshire business breakfast 21042015

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Welcome

Coventry and Warwickshire Business Breakfast

Dr Mark Swift, Head of SME Programmes

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Agenda

8.00am – Introduction – WMG SME Innovation Support

8.10am – Business Case Study – Induction Technology Group

8.25am – Feedback Session

Customer, Products and Services of Future

What Support does your Business need?

9.25am - Close, Option for 121 Conversations

Tour of Product Evaluation Technologies(Including 3D Visualisation and Measurement Capabilities)

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• WMG set up in 1980 by Prof LordBhattacharyya to facilitatetechnology transfer andknowledge creation for Industry

• An academic department withinthe science faculty of a leadingUK university

• 350 people in 6 buildings

• Working with OEMs rightthrough the supply chain

WMG

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• Aim – the Leading SME deliverygroup in a Russell GroupUniversity

• Multidisciplinary team –engineers, user insights experts,materials scientists, marketersand digital experts from industry& academia

• Track record of growing SMEthrough research-led innovation

WMG SME Group

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1. IIPSI has finished!– Over 40 businesses from C&W have had intensive

support, resulting in 50 new / saved jobs

2. Want more businesses in C&W to undertake R&I– C&W 4th for innovation, 6th jobs growth (out of 64)*

– Small businesses do well, 21% engaged in R&D*

3. Purpose of the workshop is to– Learn how we can support you in the future

– Understand your barriers

– Feed into a proposal

What is the challenge?

*Centre for Cities, Economic Outlook, January 2015

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• European Structural & Investment Funds (ESIF)– Promoting Research & Innovation priority

– Aims to “increase investment in R&I in SMEs”

• Develop new three year support project– Focus on C&W priorities

– Help take good ideas into product outcomes

– Gain technology led competitive advantage

– Help move up supply chain / value chain / food chain

– Collaborate to compete

– Focus on customers (and market)

What's the new opportunity?

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Funding can be used to support…1. Demonstration of current & future technology2. Innovation support programmes for NPD3. Commercialisation of new products, particularly

targeted to aid innovation in the Eight Greattechnologies*

4. Collaborative & applied research programmes5. Help more businesses link with Universities6. Innovation ecosystems (networks, open

innovation?)7. Create a supportive environment for SMEs

*Includes - advanced materials & nanotechnology, big data, robotics & autonomous systems, energy…

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Our VisionNew funding will help us to:“Take good idea s into viable, market tested,commercia l product outcomes”

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Case Study: Induction Technology Group

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• DEFINE CUSTOMER NEED: New product requirement for anaftermarket Volkswagen tuning specialist with OEM quality

• PRODUCT VALIDATION: WMG’s Product Evaluation Technologies toscan packaging space of engine bay and define size

• PRODUCT PROTOTYPE: Designed for manufacture, materialselected based on heat resistant qualities, limit costs for tooling

• LAUNCH PRODUCT: Sell to Performance Accessories Market.Develop packaging for enhanced customer experience

• FUTURE: Become an Original Equipment Manufacturer, sellingdirect into the market

Induction Technology Group Ltd

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Let’s get thinking about…

Who are your customers of the future?

What are your products and services of the future?

What technologies/processes do you think will enableyou to meet the demands of future products/services?

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SYSTEMS – Industrial Automation Systems; Internet of Things Systems;Energy & Electrical Systems

PRODUCT - Validation & Verification; Measurement Capabilities; AdditiveManufacturing, Design for Manufacture; Low Volume Manufacturing

BUSINESS – Insights; Innovation Strategy; Businesses Models & Technology

MATERIALS – Analysis & Testing (Ceramics; Composites; Metals; Nano-Composites; Polymers); Recycling and End of Life

You may want to consider our Technology Workstreams

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Feedback Questions

What are the barriers to innovation in your business?

How could WMG help your business?

Do you agree with the suggested theme areas ofsupport? PRIORITISE

Other thoughts…..

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What are the barriers to innovation inyour business?

Do you agree with the suggested themeareas of support? PRIORITISE

How could we (WMG) help your business?

Other thoughts

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Thank you

Contact Us: WMG SME Team

Tel: +44 2476 574 299Email: wmgsme@warwick.ac.ukwww.warwick.ac.uk/iipsi