Invest a Dollar, Return Ten: Measuring Innovation with Cost Per Lesson Learned Innovation isn't just about ideas—it's about capital efficiency and value creation. Neal Piper, founder of Luminoah, shared a powerful insight on the medDesign by Trig Podcast: "If you're going to spend a dollar, and you need to return $10 in value." For startups and innovators, this mindset means being strategic about every investment. One way to measure this is through the innovation metric we call Cost Per Lesson Learned: What is Cost Per Lesson Learned? It’s the ability to maximize learning with minimal capital outlay. By working with Trig - Industrial Design Firm, his team went through over 50 design iterations, leveraging cost-efficient tools like concept storyboards, 3D CAD, and additive prototyping methods. By the time they moved to high-cost methods like injection molding, they had already refined their concept, saving significant time and money. Why It Matters: Early iterations are affordable lessons. Late-stage changes are costly mistakes. Being capital-efficient accelerates innovation without breaking the bank. This approach allowed Neal’s team to stay lean while staying true to the expectations of a startup, where a 10:1 return on innovation investment is needed to cover the risk and reward. 🎧 Check out the full conversation on the medDesign Podcast for more on how Neal and Luminoah turned a heart wrenching personal experience into a groundbreaking medical device that can positively impact millions of people. #costperlessonlearned #designthinking #medicaldevices #meddesignpodcast #tubefeeding
Ty Hagler, MBA’s Post
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🎙️ #TBT to my recent podcast appearance on “The Flop” with Wes Rissell, Tyler Cope, and Josh Bowman! It was an incredible experience to look back and share the highs, lows, and lessons learned throughout Cadly’s entrepreneurial journey. I’m beyond grateful to have discussed: • My transition from engineer to entrepreneur and the spark behind https://bit.ly/4cPreBW’s creation. • The challenges and wins that shaped our groundbreaking platform for bringing ideas to life. • Insights into the fast-paced tech world and what it takes to keep innovating and pushing forward. Plus, some lighthearted moments chatting about everything from aliens to medieval professions! 👽⚔️ Tune in here: https://bit.ly/4ecFLsl A huge thank you to Wes, Tyler, and Josh for the opportunity to reflect and to everyone who has been part of this journey so far! 🙌 But trust me, we’re just getting started. Next up? Techstars! We’re gearing up for an exciting new adventure, pushing boundaries and taking https://bit.ly/4cPreBW to new heights. 🚀💡 Tune in, engage with the episode, and let’s keep the conversation going as we dive into this next chapter! Like, share, and subscribe to “The Flop” for more real talk on entrepreneurship, flops, and big wins! 🎧 #Techstars #EntrepreneurJourney #Cadly #StartupLife #Innovation #FounderLife #AcceleratorProgram #BuildingTheFuture #ProductDevelopment #EntrepreneurMindset #DreamBig #StartupCommunity #ScalingUp #CreateWithCadly
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Just wrapped up an insightful episode by our CPO Ori Yudilevich. Thanks Mako Design + Invent for hosting. ✨ Materials are everywhere, shaping products and innovation. 🔍 Research into materials is pivotal for successful product development. 💡 Selecting the right materials is crucial for hardware, often overlooked by non-designers. 🍳 Like cooking, cutting corners in material selection shows in the final product. 🎯 Align materials with your product's purpose for success. 🌱 Stay updated on evolving materials and embrace sustainable choices. 🛒 Customers care about what your product is made of, impacting success. 🔄 Opt for materials with supply flexibility for a smooth supply chain. 🌍 Research regulations for materials based on your selling location. 👀 See materials from both manufacturing and customer perspectives. https://lnkd.in/gXQYjTPu Innovation starts with materials! What's your top material-related tip? 💬💡 #MaterialsInnovation #ProductDevelopment #Sustainability #SupplyChain #InnovationTips
209: Materials Research for Consumer Product Design | Product Startup Podcast | MAKO Design + Invent
https://www.makodesign.com
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I'd worked a lot on innovation - creating a suture tutor - adapted from hollywod fake skin; conceptualising a new 3D printer lab for limb prosthesis to supply growing children in all of south India at a low and affordable cost; finding just the right digital solution to bedside access of emergency care guidelines... I was really proud of building something great! But it never stuck. In fact, one of my concepts was taken by mentor with no credit to me nor to my friend Akshit Awasthi. Naive me didn't know.... strategy vision storytelling influence presence execution methodology. ...Naive me didn't know that a brilliant idea is only the first step. It was a painful lesson, one that left me feeling frustrated and undervalued. But it also sparked a burning question: How could I bridge the gap between innovation and implementation? How could I ensure that my ideas didn't just gather dust, but actually made a real difference? That's why I'm here now.. helping others make their ideas stick.
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🎬 Taking the first step to become a #scipreneur is challenging, but it doesn’t have to be overwhelming. If you are considering valorizing your own research, or that of your group, you have access to an invaluable resource: your network. A common approach is to build tools and solutions for other scientists. Seize every chance you have to talk about your ideas and how you can help others. Refine your approach based on feedback. A strong partnership can pave the way for joint grant applications. Explore collaborative funding options for your first prototype, but be mindful of the specific restrictions that may apply. Some grants forbid buying from partners themselves, for example. One frequent topic I've discussed with founders is how much money they need for their first prototype. It was daunting the first time I had to do it. Balancing the idea of a well equipped lab and an over-specified instrument with a resource-stripped startup setting. Plus the concern of how much margin can you add to an already large BOM. Building cheaply may not always be the best idea, but building smartly is. Today you have access to quick and affordable CNC services all over the world. With a bit of creativity, 3D printing and laser cutting can bring you very far. The first step is daring. Once you dare to do things, you'll discover where the limits are, and what resources you need, and where the balance lies. Having a tangible prototype makes it easier to maintain momentum, accelerate learning, and tackle more complex business scenarios. Remember, the journey will never be linear. If you have an idea, I’d be delighted to discuss it further with you. -- 👋 Hi! I'm Aquiles. I'm a scientist turned entrepreneur. I share insights on the challenges of #scipreneurship Follow me to get all my latest thoughts and reflections.
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🐾 Harnessing Nature's Wisdom in #Manufacturing In a presentation several years ago, I drew an intriguing parallel between the behavior of animals in nature and the assets we manage in a manufacturing environment. 📽️ [video 👇 ] This analogy not only sparked enthusiasm but also illuminated the innovative potential of integrating advanced robotics in our inspection and maintenance processes. 🤖 As an #intrapreneur, I've realized that #storytelling isn't just a method—it's an invaluable ally in driving change and inspiration. It's about painting a vivid picture that resonates with your audience, creating a connection that encourages them to see the possibilities beyond the conventional scope. 🌟 Key Storytelling Strategies for Intrapreneurs: Relate to the Audience: Anchor your stories in experiences or concepts your audience understands. Visualize the Future: Use storytelling to create a vision of what success looks like. Invoke Emotion: Craft stories that evoke emotions and inspire action. Educative Context: Provide insights and educational elements that add value. How do you integrate #storytelling into your #intrapreneurship journey? I'd love to hear your thoughts and experiences! 🌱 Jürgen Securing the Future of Manufacturing: Educating Individuals, Supporting Enterprises.
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Documentary films give us the opportunity to learn from others' experiences, to learn, and at the same time, to relax. And that's why we love them. "Print the legend" 2014. The film tells the story of the founders of the MakerBot and Formlabs 3D printer manufacturers, who were among the first to try to mainstream 3D printing and make it a commercially viable product. The history of the companies and the process of their growth are documented and include breakthroughs, various setbacks, and controversies. "Beer Wars" 2009. The story of a small independent brewery that battles competition in an industry dominated by corporations. Entrepreneurs face challenges in attracting customers and resistance to the expensive marketing of the "big guys." "Enron: The Smartest Guys in the Room" 2005. This documentary film is about the rise and fall of Enron—once one of the wealthiest and most influential corporations in the world. It tells the story of the company from the very beginning, when it was still a relatively small enterprise. The stories of people who introduced innovations and grew within the company are well portrayed, but in the end, they were blinded by greed, which led to the corporation's collapse. "Jiro Dreams of Sushi" 2011. Jiro Ono is the owner and master chef of a modest sushi restaurant located in a Tokyo subway station, but is considered the greatest sushi master in the world. His restaurant has been awarded the coveted three Michelin stars, and people from all over the world book seats months in advance. All of this was achieved only through decades of hard work. "Generation Startup" 2016. This film takes you into the bedrooms, basements, and garages of six college graduates in Detroit who decided to dive into the world of business. Over 17 months, these young entrepreneurs overcome difficulties to establish themselves in Detroit's startup niche. The film tells the story of what it's like to start a business from scratch and work day and night to achieve success.
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5 Documentaries Every Leader Should Watch to Gain Insight, Inspiration, and Mastery. 1) "Inside Bill's Brain: Decoding Bill Gates" (Netflix) Offers insight into the leadership style and strategic thinking of Bill Gates, touching on how he approaches problem-solving and philanthropy. 2) "The Social Dilemma" (Netflix) Provides a look into the world of tech product management and the unintended consequences of social media platforms, raising questions about ethics in leadership and product management. 3) "Jiro Dreams of Sushi" (Netflix) Not directly about product management, but an inspiring story of mastery, discipline, and the pursuit of excellence, with great lessons for product leaders. 4) "Steve Jobs: The Man in the Machine" (Apple TV) A documentary exploring the complex leadership of Steve Jobs, showing both his brilliance and his flaws. 5) "Print the Legend" (Netflix) A documentary following the leaders behind the rise of 3D printing startups, illustrating the challenges of leading in an emerging industry. These documentaries show that real leadership is about vision, resilience, and creating value that changes the world.
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We are thrilled to announce our special podcast collaboration with Inspigo, where we sat down with syukriyatun niamah, the incredible founder behind ROBRIES. Niamah's journey is truly inspiring coming from a Product Design background, she boldly ventured into waste management, transforming plastic waste into practical and valuable items like home decor, furniture, and even 3D printing filament. In this episode, we explore how Robries navigated early #challenges, including overcoming a significant loss of over 300 products, and the strategies they use to turn setbacks into opportunities for growth. What moved us the most was Robries unyielding commitment to excellence. Their success was not achieved overnight; it required countless trials, errors, and a steadfast dedication to achieving the highest standards that can bring them to #international collaborations in Milan and Singapore. It’s a story that inspires us to push beyond our limits, embrace challenges, and strive for greatness in everything we do. We owe a huge thank you to Niamah for sharing her incredible story with us. We are excited about the future and the many opportunities to collaborate with Robries to create meaningful impact! Don’t miss the full podcast episode catch it here: https://lnkd.in/dTaRS6a6 and Inspigo app, get ready to be inspired! #PodcastCollab #Inspiration #Robries #Sustainability #Innovation #Impact #CircularEconomy #GoToImpact #Inspigo #Leadership #Entrepreneurship
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You kind of just know when you walk into a scale-up if they've got the secret sauce. I felt it on my first visit to the Reshape Biotech offices. Within a few minutes we were talking about space rockets and watching their 3D printer at work. Energy, brains, and enthusiasm allied to a clear focus will take you a long way. It was a joy and privilege to help them build a stronger brand foundation. 🤝 ___ I have room from the end of March for a new project. If you're a start-up or scale-up thinking about what your brand is and where it can take you, please feel free to connect. More testimonials are available on request. #brandstrategy #startupbranding #purebrandexpression
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🏆 Hats off to these 10 amazing companies for their recent fundraising success! 1. Bridge to Life Ltd. - $1M - Pioneering the future of organ transplantation with advanced preservation technologies that significantly increase organ viability, improving outcomes for patients worldwide. 2. Uplift Labs - $2.1M - Redefining sports science with AI-driven motion capture and biomechanics analysis, helping athletes and coaches optimize performance and reduce injury risk with cutting-edge data insights. 3. FanCircles - $2M - Transforming fan engagement by offering artists a unique platform to deliver personalized experiences, exclusive content, and direct interactions, building stronger, more authentic connections. 4. Cumberland Additive, Inc. - $217K - Innovating in the world of advanced manufacturing with state-of-the-art 3D printing technologies that enable rapid, precise, and cost-effective production of complex components across industries. 5. Finarkein Analytics - $4.8M - Empowering financial institutions with AI-powered analytics that deliver real-time, actionable insights, driving smarter, faster decision-making in a data-driven world. 6. Homethrive - $12.2M - Revolutionizing eldercare with a comprehensive platform that integrates caregiving support, resources, and personalized guidance to enhance the well-being of aging adults and their families. 7. Circular (YC W22) - $3.3M - Leading the circular economy movement with a platform that facilitates the reuse and recycling of materials, promoting sustainability and reducing waste in manufacturing. 8. SDT Inc. - $7.5M - Advancing semiconductor technology with innovative solutions that enhance the performance and efficiency of chips, driving progress in electronics and computing. 9. EpVi - $179K - EPVI specializes in advanced technology for electricity management across various industries such as hospitality, commercial spaces, and offices. Leveraging innovative IoT, AI, and machine learning solutions, EPVI helps businesses optimize their energy usage, cut costs, and reduce environmental impact. 10. Gameplay Galaxy - $11.2M - Revolutionizing gaming with immersive experiences that blend cutting-edge technology and storytelling, creating a new frontier in interactive entertainment. 👉 For more startup funding updates, follow Growth List and sign up to access comprehensive data and contact details
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Guiding Entrepreneurial Physicians to Empathy-First Innovation Breakthroughs | Design Thinker | Industrial Designer | Innovation Leader | Family Man | Avid Reader | Kayaker
1moThe podcast page can be found here: https://md.trig.com/podcasts/pediatric-innovation-and-patient-advocacy-leadership-lessons-from-neal-piper