Topic: Five disciplines of innovation
Today, we are learning how to sell our ideas for innovation purposes. The lecturer teach us to produce product that really fit into currently market, the product either new or undergo modification process in term of development or marketing strategies should be related on what customer needs and wants. Do not ever produce product to express our creativity but no values for customers. It is because business need profit to expand and sell ideas especially among the investors like bankers or individually. We also practise our group presentation that will be held tomorrow morning, conducting by Assoc. Prof. Dr. Khairudin Damhoeri. We preparing our script presentation, we make some mock up for our product and we dealing with time which mean we try to follow the exactly duration for each presentation. Two minutes for customers’ benefits and another two minutes for investors benefits presentations. We need to persuade those people to really understand our product, so that they will buy it and invest in start up cost for the business.
13 April, 2010
Topic: Five disciplines of innovation
This is our final day for this subject. This is our moment to convince our customers and investors. Within four minutes presentation we are able to sell the ideas about the product in front of clients. There are 10 groups involved in this presentation and our group turn is at the fourth place. The chosen presenter delivered it well which they showed their skill in persuading people with high confident level. Before that, we are discussed about article that related on how people in Europe especially Netherlands create their innovative environment by applying 13 behaviours that change the attitudes and be creative in organizations.
14 April, 2010
Factory visit
Today was factory visited to Stellagen Company that situated in Batu Caves. As a group A, we arrived there at 10 o’clock by bus. We were most welcoming by the Stellagen staffs. We had some briefly explanation about the company background like the company started operation at 2007 and they collaborating with Universiti Pertanian Malaysia (UPM) in research and development in probiotic product. The probiotic was for chicken, they had farm that located at Johor that feed on this probiotic. The chicken showed positive performance in term of size growth. Most of the chickens were exported to Singapore because Singapore was one of the countries that ban the use of antibiotic, vitamins and other chemicals to chickens through foods and drink. In a month their productivity was performed in four cycles because before this the product was in a form of powder so it required more than four cycles but now in liquid form, it more time for research in product development. The factory plan was divided in four rooms like fermentation room where the Bioreactor was used to grunge the four different species to produce 11 strains as a stock. They had different sizes such as 100 litres, 75 litres and 1400 litres of Bioreactor machine which depend on materials demand. Then, centrifuge room that need 17 000 rpm pressure to separate the materials. They had room for freeze dryer that run for 48 hours to freeze the stock using steam process. The last room for utility support that had two boiler machines and chiller machine for cooling down the temperature of freeze dryer machine. The company will distribute their products in Malaysia on this coming Mei of the year. They also plan to produce their own chickens which known as ‘Stella Chicken’. The chickens have less cholesterol and fats as compare to other chickens. We arrived back to UniRazak at 1 o’clock in the afternoon and continued our topic at 2 p.m with Mr. Kal. The topic was how to find investors to fund our projects, like we had to have business model in order to creating value of products to make money. A few questions need to be asked like distribution, sales, production, raw materials, pricing, positioning, marketing, barrier to entry, and scalability. He taught us how to prepare elevator pitch for presentation which summarized, conclude and focus on a few key elements. It should be short, simple and memorable that follows 10 – 20 – 30 rule: 10 slides, the font nothing smaller than 20 and within 30 minutes. The presentation should cover the problems, solutions (prepare demo), market size, business model, Proprietary technology, competitions, marketing plan, team/hires and money/milestones.
15 April, 2010
Factory visit
Today was factory visited to Inno Biologics Company that situated in Nilai. The company was specialized in mammalian cells. Their services were in cell line engineering and antibody, and medium development. Besides that, they had protein science department that designing and synthesizing DNA, strain construction, Murine MAb development, antibody humanization and antibody expression in mammalian cell. They had small companies such as Inno Bio Diagnostics Sdn. Bhd. which cell-based Diagnostic and Regenerative Medicine. Another company was Bio Innovation Centre Sdn. Bhd. that for innovation, commercialisation and manufacturing centre. Their bioprocess development facilities were divided into three operations which were bioreactor work, protein separation work and purification work. We had opportunity to explore all processes room there, and know how the work done by the specialised worker. We arrived back to UniRazak at 3 o’ clock in the afternoon.
16 April, 2010
Today, we had presentation from department of Standards Malaysia by Mrs. Fariza Abdullah. The agenda was about accreditation, national recognition and major achievements by this department. They were governing by Standards Malaysia Act 1996 (Act 549). The functions were to develop and promote of Malaysia Standard (MS), and also to accreditation of conformity assessment bodies. The mission was ‘Accepted by Malaysians, Recognised by World’. The important of accreditation was reliability of results and the product or service able to perform tests that been provided by Standards Malaysia. For example, the LAB/TF goes through routine testing such as for medical test (15189) or non-medical test (17025). It can be used for research parts like for non-clinical, accreditation by OECD-GLP or for clinical, accreditation by ICH-GCP. Lastly, the LAB, also can get accreditation from EMEA (BA/BE)
• LAB or known as TF (test facility)
• OECD (Organization of Economic Corporation Development)-GLP (Good Laboratory Practise)
• ICH-GCP (Good Clinical Practise)