jim fitzsimons fusion consultant presentation to synergy centre may 2011
TRANSCRIPT
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JIM FITZSIMONS FUSION CONSULTANT
PRESENTATION TO SYNERGY CENTREMAY 2011
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WHAT IS FUSION?
Innovative project central to company’s needs
GraduateFast track careerCollege
Increased relevance to industry
Company Improved capability
Partnership with benefits for all
Cross Border Partnership
Technologyand Knowledge Transfer
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ARE ALL COMPANIES ELIGIBLE?
Mainly Small To Medium Size Enterprises (SMEs) That:
– Have a technology development need within the company– Demonstrate they lack capability in a specific area– Are financially able to complete and exploit the project (normally 2 years
audited accounts required)– Demonstrate commitment from senior management– Have appropriate resources to participate in FUSION including staff
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HOW CAN FUSION HELP SMEs?Typically Through FUSION Companies Can:
– Develop new innovative products – Enhance existing products– Streamline production processes– Introduce product design capability– Integrate IT systems– etc
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WHAT IS THE SUPPORT PACKAGE?Company Costs Budget € Graduate employment costs (50%)* €12,350 Graduate training and development €1,125 Graduate travel and subsistence €1,125 Project equipment and consumables €1,125
University/College Costs University/College support €14,050 University/College travel & subsistence €2,250 Preparation of proposal €1,125 TOTAL €33,150
*SME pays remaining 50% of Graduate employment costs i.e. €12.35k per annum For a cost of €12.35k company gets leverage of €33.15k
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WHAT ELSE DOES INTERTRADEIRELAND CONTRIBUTE?
Additional hidden support worth approx €35k including: • Costs for the Graduate’s Diploma course at Smurfit School • Cost of Master Class to help with FUSION application• Costs for recruitment of the Graduate including advertising in
national papers (normally Belfast Telegraph and Irish Independent) and jobsites
• Project management costs for experienced consultant to oversee project
• Cost for provision of FUSION helpline to provide addition advice
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Geographical Spread OfProjects So Far in Phase III
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HOW IS YOUR PROJECT MANAGED?
• Quarterly Project Management Group Meetings
• Monthly Technical Meetings
• Ad Hoc Informal Meetings/Contact
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WHAT ARE THE BENEFITS TO COMPANIES?
• Access to much wider reservoir of world-class R & D facilities in our Universities, Colleges and Research Centres across the Island of Ireland
• Financial support package worth over €£15,000 over 1 year• Increased performance, capability and profit for company• Excellent support with application process• Ongoing support from FUSION Consultant • Opportunity to attract and retain high calibre graduates• FUSION network / community • Opportunities for strategic alliances through FUSION
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PROJECT BENEFITS TO ACADEMICS
• Funding of over €17,000 for 12-month project• Support mechanisms for preparation of proposal• Support mechanisms for management of project • Publications in journals and at conferences• Case studies for teaching material• Under-graduate and post-graduate student projects• Year-out and Summer student placement • Guest lectures from company personnel
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LONGER TERM BENEFITS TO ACADEMICS
• Fits with College strategic plans• Opportunities for strategic partnerships with companies• Opportunities for further funding after FUSION• Clustering and networking opportunities• Increased profile for College across the island of Ireland
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MANAGEMENT TRAINING FOR THE GRADUATE
• Postgraduate Diploma in Management Practice accredited by UCD (level 9)• Delivered by The Michael Smurfit Graduate School of Business, UCD• 5 (two-day) modules over 1 year combined with FUSION practical work• Modules
– Strategic Management and Project Management– Management and Financial Accounting– Marketing Strategy– Entrepreneurship, Innovation and Change Management, – Human Resource Management/Organisational Behaviour
• Grooms graduate for senior management positions in the future.
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James Hackett (Irl) Ltd and UU
• Improve Design Capabilitiy of Company to become a Design house for new lighting design
• Academic team Ian McCrum, Dominic Logan • Academic Benefits
– interact across all levels within the company– exposed to new case study material– design competition for students
• James Hackett Ltd Benefits. – Several new product lines designed– New IP Generated– Products under contract manufacture in China– Large orders from new project
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Limavady Gear Company Ltd and ITT
• Research new Heat Treatments, Identify Best Materials for each Process/Application
• Academic James Dwan • Academic Benefits
– Experience of heat treating heavy industry components– Development of metallographic samples, increasing stock of gear
failures for case studies– student placements in carbonising steel
• Limavady Gear Company Ltd Benefits. – Better understanding of Steel Heat Treatment– Much Lower Component Failure – Process improvements leading to increased profits of £30k in year 1
after project
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Contact Details
• Fusion Administrator: • Catherine McCaghey Tel: 048 3026 0700
• Email [email protected]
• FUSION Consultant: • Jim Fitzsimons Tel 087 2845760
Email: [email protected]
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BOTTOM LINE ON FUSION!!If your company has a specific technical issue to solve
Use FUSION as1. 1. Access to college for free to help2. 2. Grant to cover roughly half salary for 1 year3. 3. Technical person is also trained in business on weekends4. 4. Easy application process
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THANK YOU !!QUESTIONS ??