Targeted search for new ideas

The pressure is being felt not only by major international groups but also by the small and medium-size enterprises that fuel the job market in Germany. To remain in business, they have to keep developing new and innovative products. But that is often their weak point: small firms have a particular tendency to pay too little attention to market forces and changing customer demands, sticking to a familiar routine and relying on their traditional product portfolio and established customer base.

This conclusion was drawn by researchers at the Fraunhofer Technology Development Group TEG in Stuttgart. “Innovations happen more or less by chance,” states Clarissa Bay, a research assistant in the Innovation and IP Management department who is coordinating an EU project designed to give SMEs the start they need to improve their methods. TIP or “top-down innovation planning” helps businesses to find new ideas, either in dialog with the TEG or, from mid-July onward, using an online tool available free of charge on the Internet at www.tip-eu.org.

The first step involves completing a checklist that enables companies in any sector of industry to determine the efficiency of their existing innovation processes. Alone the way the questions are worded provides useful hints for future action. The subsequent evaluation includes suggestions of ways in which the company can plan for the future, taking into account a systematic analysis of the market environment in which the company operates: Have new laws come into force? What are the latest technological trends? Do the customers have new or changed requirements?

The online tool provides material to assist in answering these questions. Information, documentation and links to sources concerning the process of innovation enable users to improve their knowledge of technological trends and market developments without charge at their own desktop. A case study by the TEG researchers demonstrates the usefulness of a systematic search for innovations: using the TIP method, a small firm in Baden-Württemberg harvested more than 50 contacts to potential new customers and around 200 ideas for new products.

All latest news from the category: Business and Finance

This area provides up-to-date and interesting developments from the world of business, economics and finance.

A wealth of information is available on topics ranging from stock markets, consumer climate, labor market policies, bond markets, foreign trade and interest rate trends to stock exchange news and economic forecasts.

Back to home

Comments (0)

Write a comment

Newest articles

High-energy-density aqueous battery based on halogen multi-electron transfer

Traditional non-aqueous lithium-ion batteries have a high energy density, but their safety is compromised due to the flammable organic electrolytes they utilize. Aqueous batteries use water as the solvent for…

First-ever combined heart pump and pig kidney transplant

…gives new hope to patient with terminal illness. Surgeons at NYU Langone Health performed the first-ever combined mechanical heart pump and gene-edited pig kidney transplant surgery in a 54-year-old woman…

Biophysics: Testing how well biomarkers work

LMU researchers have developed a method to determine how reliably target proteins can be labeled using super-resolution fluorescence microscopy. Modern microscopy techniques make it possible to examine the inner workings…

Partners & Sponsors