1
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- A Two-Former-Tiers Conveyor System
- for
- Rubber Gloves Manufacturing
- (Yap Mew Sang, Ecotherm Sdn Bhd)
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2
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- Satisfies a Need in the Market
- where there is an Expectation
- for Something Better
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3
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- Invention
- Commercialization
- Financial Success
- A LONG DEVELOPMENT PROCESS
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4
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- Recognition of a Particular Problem
- Searching & Consideration
- for Possible Solutions
- Analysis of Shortcomings
- of Other Prior
Efforts
- Conception & Reduction to Practice
- Deliberation on Commercial Viability
- Patent Registration
- Commercialization
|
5
|
- The Invention Approach
- Features and Functionalities
- The Market
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6
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- Market or Problem Driven
- i) a solution to an existing problem
- ii) an alternative to an existing product
- Converse Approach
- i) idea conceived in a vacuum
|
7
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- Benefits
- Manufacturability
- Durability
- Cost Competitiveness
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8
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- Where is the Market
- Who are the Customers
- How to get to Them
- What is the Market Potential
|
9
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- I) Self
- II) Sell or License
|
10
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- Scope of Involvement
- - Starting a Business
- to Develop the Invention
- into a Marketable Product
- - Hugh Efforts and Risks
- NB: Higher Financial Rewards
|
11
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- b) Major Development Issues
- i) Prototyping
- ii) Manufacturing Processes
- Selection and Facilities
- iii) Materials Selection and Sourcing
- iv) Marketing and Sales
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12
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- c) Resources and Capabilities
- - Financial Requirements
- - Human Resources
- - Manufacturing Technologies
- - Stocks and Inventories
- - Management & Marketing Knowhow
|
13
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- Low Risk
- Lower Returns
- Higher Chance of Commercialization
- High Rejection due to NIH Syndrome
- Issues of Invention Disclosure
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14
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- Successful Penetration into Local
- and Regional Markets
- Product Poised to Replace
- Old Existing Technology
- Product Sales Exceed RM10 Million
- in Year 2007
- NB : Shortcomings
- Substantial Market Share
- Taken by Copycats
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15
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- Minimal Understanding and Respect
- for IPR by Leaders of Industry
- Inefficient Implementation
- of the Patents Act
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16
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- Intellectually
- Financially
- Betterment of Mankind
- IBM : 3,000 Patent Grants
- in Year 2000 alone
- Patent Royalty Income > USD
1.0 B per year
|