VFB 2013 - Keynote - Renishaw - Is there a secret to continuous innovation?
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Alastair Watson Director, Science City Bristol Collaborate to innovate
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Presentation by Tim Presidge
Transcript of VFB 2013 - Keynote - Renishaw - Is there a secret to continuous innovation?
Alastair WatsonDirector, Science City Bristol
Collaborate to innovate
Rob WalshVenturefest Facilitator
George FergusonMayor of Bristol
Tim PrestidgeRenishaw PLC
Is there a secret to continuous innovation?
World leading metrology companyA FTSE 250 company with headquarters in United Kingdom
Advancing operational performanceTransforming manufacturing capability and effectiveness
Raising product quality
About Renishaw
World leading metrology companyA FTSE 250 company with headquarters in United Kingdom
About Renishaw
World leading metrology companyA FTSE 250 company with headquarters in United Kingdom
Employer of more than 3,300 people worldwideThe largest private sector employer in Gloucestershire
The winner of 16 Queen’s Awards7 Queen’s Awards in the last 9 years alone
About Renishaw
World leading metrology companyA FTSE 250 company with headquarters in United Kingdom
Question :
What’s the secret to Renishaw’s continuous innovation ?
About Renishaw
About Renishaw
Founded on innovation …• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet engines on Concorde
• Organic growth sustained by patented innovations
Sir David McMurtryChairman and CEO
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About Renishaw
About Renishaw
Founded on innovation …• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet engines on Concorde
• Organic growth sustained by patented innovations
Now …• £347m turnover, 94% exported• 18% of revenue invested in R&D and
engineering• 16 Queen’s Awards• Over 3,300 staff in 30+ countries
Sir David McMurtryChairman and CEO
“Renishaw fundamentally believes
that success comes from patented
and innovative products and
processes, high quality
manufacturing, and the ability to
provide local customer support in all
its markets around the globe.”
Sir David McMurtryChairman & Chief Executive
Renishaw’s ethos
About Renishaw
Founded on innovation …• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet engines on Concorde
• Organic growth sustained by patented innovations
Now …• £347m turnover, 94% exported• 18% of revenue invested in R&D and
engineering• 16 Queen’s Awards• Over 3,300 staff in 30+ countries
Sir David McMurtryChairman and CEO
About Renishaw
Founded on innovation …• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet engines on Concorde
• Organic growth sustained by patented innovations
Now …• £347m turnover, 94% exported• 18% of revenue invested in R&D and
engineering• 16 Queen’s Awards• Over 3,300 staff in 30+ countries
Sir David McMurtryChairman and CEO
1. You don’t have to invent something completely new and be the first to market ... but it certainly helps
Learning points
Queen’s Awards
1. You don’t have to invent something completely new and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your customers’ requirements ... customers can be your best collaborators
Learning points
Renishaw’s expertise
Additive manufacturing
Raman spectroscopy
CAD / CAM dentistry
Stereotactic neurosurgery
Surveying
Molecular diagnostics
Co-ordinate measurement and QA
Manufacturing process control
Calibration
Motion control
Gauging
1. You don’t have to invent something completely new and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your customers’ requirements ... customers can be your best collaborators
3. Once your core expertise is established, think where else it could be successfully applied
Learning points
Renishaw’s expertise – Manufacturing Process Control
Process setting
In-process control
Post-process
monitoring
Process foundation
Machine tool probe and tool setting systems
Co-ordinate measurement products
Gauging
Fixtures
Calibration and performance testing products
Learning points
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About Renishaw
1. You don’t have to invent something completely new and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your customers’ requirements ... customers can be your best collaborators
3. Once your core expertise is established, think where else it could be successfully applied
4. Innovation isn’t just about new products ... it can also be about how you pitch what you have to offer
5. Always look for improvements ... in everything you do
Learning points
Tim PrestidgeRenishaw plc
Is there a secret to continuous innovation?
