Realizing New Opportunities
In almost every industry, there are opportunities to step outside the confines of existing technology, to challenge the norm and to push the industry itself to new heights.
These opportunities often present themselves to people already familiar with certain aspects of that field but may lack the technical knowledge or access to facilities to carry the concept beyond the initial idea stage.
In such instances, Coanda assists with the technology development of such emerging processes by providing the technical insight and hands on experience needed to bring them to fruition.
The development of new technology requires a ‘top down’ approach, in which the commercial deployment is considered first. The commercial configuration is then ‘stress tested’ to flush out the technology gaps.
Technology development activities are then tailored to address these gaps, and the results are used to revise the commercial deployment. Iteration is continued until all technology gaps have been addressed. This established approach to technology development ensures that only relevant activities are executed.
Passing the Torch
As more resolution on the commercial deployment is obtained, the design is transitioned to a formal engineering team who can add detail to the concept, moving it to through to commercialization via a conventional engineering workflow.
Depending on the nature of the project and the client, such teams can range from traditional EPC companies to internal product development engineers.
Cost Effective Technology Development Requires a Specialized Skill Set
To manage this technology development process a unique skill set is required. The individuals must understand both the laboratory, and the commercial engineering processes, and how to move between the two. Coanda offers this combination of expertise. At a high level the skills required include:
- Process scale up and scale down
- Technology development planning
- Familiarity with the project execution steps followed by a traditional engineering company
- Intellectual property management, so that value is not destroyed during the development process
- Knowledge on how to execute development activities making best use of all funding programs
Driving Industry Forward
Due to the nature of its business, Coanda has developed core competencies in each of these critical areas. Almost all of the projects that we work on involve intellectual property, and as such Coanda seeks to exceed industry standards with regards to the protection of IP, a key factor in most technology development programs..
Since inception, we have helped dozens of entrepreneurs move their respective technologies forward, through technology development providing support on all, or a subset of the elements listed above.
The 6 Phases of a Technology Development Program
Coanda’s approach enables its clients to discover and validate their discoveries through any or all of the typical technology development phases
- Concept/Discovery Phase
- Scoping/Business Case Phase
- Development Phase (including Proof of Concept)
- Design Phase
- Testing & Validation of Prototype/Pilot
- Final Design, Marketing & Launch