Open Innovation technology acquisition as the new R

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Open Innovation- technology acquisition as the
new RD

• Jim Cuddy
• Enterprise Ireland

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Innovation

• Creating and exploiting new ideas

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Where does innovation apply?
Human Resources
Service
Research and Development
Service
I / P
OPS
O / P
Mkting
The Value Chain
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Support Players

• Development Agencies
• Third Level Colleges
• Business Support Organisations
• Consultants
• EU

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EI Strategy
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Innovation Agenda

• RD within enterprise RTI / Innovation
  Management
• Intellectual property assistanceIP Unit
• Collaboration between companies and colleges
  Innovation Partnerships
• Research commercialisation Commercialisation
  Fund
• International collaboration FP6/ESA
• Technology acquisitionTechSearch

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TechSearch

• Competitive advantage now often comes from
  leveraging the discoveries of others Henry
  Chesbrough
• Externally sourced technologies to complement
  internal RD
• Open innovation environment

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Open Innovation model
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Benefits

• Huge amount of technology available
  internationally
• Smaller upfront payment than RD
• Faster to market than RD
• Technical and commercial assistance

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Technology Acquisition Process
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Typical Uses

• Moving from sub-contract to own product
• - Xenith Biomed
• Adapting a technology/product for different
  markets
• - NTERA
• Improving a manufacturing process
• - Natures Best

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Support

• Productivity Improvement Fund
• Capital Equipment
• Technology Acquisition
• Training
• RTI
• Technology Acquisition lt 50 of RD project

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TechSearch Service
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Applying for TechSearch