Open Innovation

Concept Research Phase service

“Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology” - Chesbrough, Henry William (1 March 2003). Open Innovation



In line with the concept of Open Innovation, Powergear offers R&D services on collaborative basis customer needs in Energy, Smart grid, Embedded Systems, MEMS (Micro Electro Mechanical Systems) and other projects of mutual interest. This involves industry and academic experts in concept brainstorming, technical analysis, materials, lab-scale experimentation, prototype build/test and costing towards eventual commercialization.



Powergear in-house R&D unit has been recognized by DSIR (Department of Scientific and Industrial Research), Ministry of Science and Technology, Government of India.



Advantages:
  • Reduced cost of conducting research and development
  • Potential for improvement in development productivity
  • Incorporation of customers early in the development process
  • Increase in accuracy for market research and customer targeting
  • Potential for synergism between internal and external innovations

Research phase and NPI Phase offerings …