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The MarineTech Process

     
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  MarineTech's success as a catalyst of innovation comes down to the process it has pioneered.  This has three key elements which are all crucial to market-led, research-driven innovation:

Market Lead

MarineTech focuses its efforts on strategic research, addressing priorities which affect companies' competitiveness and presence in the market.  So getting the aim of a programme right is important.  MarineTech achieves this in various ways: through direct dialogue with companies we know; through structured interaction with groups of companies and service providers; and through formal market appraisal work.

Development

Converting a concept into a live programme is neither quick nor easy.  Having established an initial consortium of companies interested in principle to support the programme, MarineTech manages a process of detailed scoping of the work itself.  This generally involves a wide range of universities, institutes and companies.  As a management company, MarineTech has no specific technological agenda and can remain an 'honest broker' of this process.  In parallel, we put in place the public funding support, utilising our extensive knowledge and experience in a wide range of funding mechanisms.

This stage can be expensive, and MarineTech generally has to invest its own resources - so we have an incentive to get it right!

Implementation

When a programme is approved by the relevant funding bodies and contracts are in place, MarineTech initiates a professional project management structure.  All technical staff have extensive experience of industrial R&D projects.  But we also understand the academic research culture, and are able to steer a course which maximises value to sponsors whilst also respecting the uncertainty which is inherent in leading-edge research.

Dissemination and commercialisation feature very strongly in the overall management plan, and also direct our thinking right from the start of the development process.  Typically, outputs from programmes can include: design and operational guidelines, recommended engineering practices, specific technologies (eg for licensing) or opportunities for new ventures to be created.

     
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