Welcome to 42629 Innovation and Product Development! Thomas J. Howard [email protected]Unless otherwise stated, this material is under a Creative Commons 3.0 Attribution–Share-Alike licence and can be freely modified, used and redistributed but only under the same licence and if including the following statement: “Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark”
Introduction and welcome to course http://www.youtube.com/watch?v=Zfr8CbUWhx4
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Unless otherwise stated, this material is under a Creative Commons 3.0 Attribution–Share-Alike licence and can be freely modified, used and redistributed but only under the same licence and if including the following statement:
“Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark”
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Agenda08:30 – Introduction
09:00 – Break and discussion
09:15 – Introduction to the Venture Cup
10:00 – Break and discussion
10:15 – Introduction to Innovation
11:00 – Break and discussion
11:15 – The Innovation Process
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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The Teaching Team
Course Responsible & LecturerThomas J. Howard, PhD, Associate Professor DTU-MEK, building 426 room [email protected]://sites.google.com/site/thomasjameshowardhomepage/home
Course LecturerJakob Bejbro Andersen, EntrepreneurCEO and Co-Founder of EdgeFlowhttp://www.edgeflow.dkhttp://www.edgeflow.dk
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Thomas J. Howard• The creative design process• Harvesting creative stimuli using IM techniques• Engineering and Design Information Management• Design theory• Embodiment design methods• Knowledge transfer
I have been involved in the following courses: • Innovation in Product Development• Product Development in Companies Design• Integrated Product Development
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Jakob Bejbro Andersen• Graduate from DTU Design & Innovation.• Thesis on utilizing wind resource in the built environment (2008).• Co-founded EdgeFlow Aps in 2009 (www.edgeflow.dk).• Co-founders: PLH Architects, SEED Capital (investor) & Henning Solfeldt• Currently CEO of EdgeFlow.• Has led the company through two full scale prototypes iterations, • ... and three succesful funding rounds.• Large network within the Danish entrepreneurship sector.
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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The Teaching Team
Guest LecturerTim C. McAloone, PhD, Associate Professor DTU-MEK, building 426 room [email protected]://www.kp.man.dtu.dk/staff/tmca.aspx
Guest LecturerVerena Simpson, European Patent AttorneyCEO and Co-Founder of [email protected]://www.gipc.dk/en/our-team/verena
Guest LecturerMads Thimmer, Lab AgentCo-founder and Lead of Innovation [email protected]
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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The Teaching Team
Guest LecturerBalder Onarheim, PhD FellowCopenhagen Business [email protected]://www.onarheim.com/
Guest LecturerMorten Friis-Olivarius, PhD FellowCopenhagen Business [email protected]://www.cbs.dk/en/staff/Morten%20Friis-Olivarius
Venture Cup CorrespondentMikkel Sørensen, Regional Manager Venture [email protected]://www.venturecup.dk/
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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The Teaching Team
Student HelperJeanne Mia Lønstrup, Design & Innovation Masters [email protected]
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Agenda
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Assessment and Hand-ins
80% - Entrepreneurial OutputBusiness plan
Business pitchQuality of your solution
10% - Analysis Presentation (Mid term)Hand-in printouts of slides
Attendance
10% - Reflection ReportSubmission of separate reportAttendance
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Entrepreneurial Output• Find the template on the Ventures Cup website and the course homepage.• Submit one version to Venture Cup, deadline: 23:59 on 7th May 2012• Submit the same version with supporting Appendix of data and solution description
to campusnet, deadline: 23:59 on 7th May 2012• Exam Day (Business Pitches) 15th May 2012
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Analysis PresentationPresent and hand in 5 slides outlining something like:
– your technology/product, – your target market and its estimated size– Your business plan (how you make money or succeed)– what you need to do to achieve your goals– how you rate your chances of success
Deadline: 20th March 2012 (hand-in during midterm presentation)
Reflection ReportReflection report filled in online:(form found on assessment page)Deadline: 11th May 2012
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Reading Material
Product Design and Development 5th Ed.by Ulrich and Eppinger. ISBN-13: 978-007340477-6.
Exploring Innovation 2nd Ed.by David Smith. ISBN-13: 978-007712123-5.
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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LecturesLectures: Tuesdays, 08.30 - 12.00 in Building 421 Aud. 73.Group work: Fridays, 13.00 - 17.00 starting with a briefing in 303A/44 then
moving to the group work area in upstairs 302.
The Lectures:• 01: Introduction & the Innovation Process• 02: Design and Business Startegies• 03: Integrated Product Development (IPD)• 04: Invention, Creativity and Problem Solving• 05: Market, Customer Research and Forecasting• 06: Creating a Business Plan• 07: Innovation Types and Cases• 08: Mid-term Presentations and Feedback• 09: Intellectual Property• 10: How to Pitch a Business Idea• 11: Funding, Organisational Structures and Teams• 12: Protovation - Prototyping and Validating Ideas• 13: Pitch Coaching
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Lecture page
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark
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Homework
• As this course is 10 ects – so you need to do extra work!
• You will have some exercises and background reading– Look at the attachments of the next lecture for the
proposed reading material.– Other assignments will be emailed to you.
• Practical and applied rather than theoretical, everything should be geared towards making your product better and your business stronger.
2012Original material by Thomas J. Howard for course 42629 – Innovation and Product Development Department of Mechanical Engineering, The Technical University of Denmark