Creating Alliances to Accelerate Commercially Viable Sanitation
SUSTAINABLE INNOVATION How can it be commercially viable?
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Transcript of SUSTAINABLE INNOVATION How can it be commercially viable?
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SUSTAINABLE INNOVATIONHow can it be commercially viable?
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What is innovation?
> Innovation = theoretical + technical + commercialconception invention exploitation
> Innovation is the management of all the activities involved in the process of idea generation, technology development, manufacturing and marketing of a new product or service. (Trott, 2012)
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Commercial considerations
How can it be economically viable?How to protect the idea?Who would be the market for it? Who can we partner with to get the product/service to consumers?
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The Orby2014 Hills Young Designer of the Year
2014 State iAward2013 Silver Medal in the DIA Awards
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Innovation Considerations for the OrbyThe Market
Children with cerebral palsy 3,400 (Australia) 21,200 (USA) 1,100 (UK) (Source: ABS, World
Bank, Epilepsy Society)The Elderly
FundingChannel 7 Children’s Research
Foundation
ManufacturingEllex Precise to 3D print
Distribution/AccessHospitals, Women’s and
Children’s Hospital, Repat Hospital, NDIS, Aged care, physios, Sony, Microsoft,
Nintendo, Apple
Legal Patenting
TGA Approval
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The Re-Time Innovation JourneyThe Market
JetlagShift workersWinter blues
FundingVenture Capitalists
Manufacturing partners
Manufacturing
Distribution/AccessAll sold online
Legal Patenting
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Oral Rehydration System
Efficient Water Use Glucose solution to increase efficiency of hydration Two markets
Children in developing countries Athletes for rehydration
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Innovation Network at TonsleyBusiness
University
Government
R&D Centre
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Flinders Partners
Commercialisation arm of Flinders University IP management: licences, spin-offs Co-located at Tonsley Design and Technology Innovation students
work with FP in commercialising real life technologies
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New Venture Institute
Venture Dorm to mentor students in starting their own companies
Be a university that produces employers rather than only employees
Incubation Space Also co-located at Tonsley Year 12 students compete for Venture Dorm
scholarship, credit towards their BDTI degree.
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Thank you.
Next step: Tour of Facilities
Sandy Walker & Giselle [email protected] / [email protected]
Bachelor of Design and Technology Innovation