SWARCO Indusferica presents new innovation platform for joint product and process development.
With its new SWARCO JOIN&GROW platform, SWARCO Indusferica pursues a clear open innovation strategy. SWARCO JOIN&GROW shares knowledge and important resources with its partners and looks for suitable synergy effects with individual companies, corporations, inventors, universities, start-ups, research institutes, NGOs, etc.
“We want to leverage the potential that arises from connecting all SWARCO dialogue groups to facilitate collaborative product development with our partners,” says Andreas Peham, in charge of Business Development at SWARCO Indusferica.
Collaborative product development has become routine in companies. Globalization, faster development cycles and the increasing number of product features are a motivation to involve more partners in product and process development. The growing complexity of products and their development also lead companies to increasingly rely on cooperation and knowledge transfer in order to meet rising expectations. Nowadays, relevant market players value cooperation and communication.
An Open Innovation Strategy
“The JOIN&GROW innovation programme enables project partners to access knowledge and resources beyond any individual’s reach. In addition, uncertainty and risk during the innovation process are reduced, giving rise to new possibilities and clear competitive advantages. This significantly shortens the entire innovation process all the way until market introduction. Costs can be shared, and thus, reduced,” explains Robert Buchinger, describing the advantages of SWARCO’s open innovation strategy for companies. The goal is to find synergies in SWARCO Indusfericas’ business sector, that is, in industrial applications of micro glass beads. The JOIN&GROW team is also open to ideas for new business sectors.
Becoming a JOIN&GROW Partner
An international JOIN&GROW Committee evaluates all idea submissions, and then, together with the relevant partners, endeavours to implement promising innovations. If the process culminates in product innovation, the partners plan the next steps to start serial production, and eventually bring the product to market. As part of a JOIN&GROW cooperation, SWARCO can play a variety of roles, from purely providing information to proactively contributing to development and offering professional marketing services. For more information on this programme and how to submit ideas, please visit www.swarco.com/join-grow
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