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UK-based SME offers engineering led product development tools to engineering companies under technical cooperation agreement

Country of Origin: United Kingdom
Reference Number: TOUK20180215001
Publication Date: 15 February 2018

Summary

A UK-based SME specialising in engineering led product design and development is offering its tools and expertise to companies, research institutions and universities to help them develop, refine and optimise the design of their products or within their projects to improve performance before manufacture. The SME will expect feedback on the process in order to further develop its capabilities. It is envisaged that the partnership will be a technical cooperation agreement or a services agreement

Description

Developing new products in any sector is a time consuming and costly affair. Mistakes in the development stage can lead to products being manufactured that do not perform as intended, which costs the company concerned in terms of time, money and reputational damage. It is therefore important that issues with product design and development are identified as early in the process as possible.

A UK-based SME specialises in engineering led product development. It has tools and expertise that will enable partners to test and refine their product design in relation to various parameters. This means that the design of the product can be quickly and easily altered to optimise performance before going to the expense of manufacture and testing of prototypes.

The UK-based SME is offering its tools and expertise to companies, research institutions and universities to help them with the design and development of their projects and products. The UK SME would like to receive input from partners in order to further develop and refine their tools, expertise and methodology. It is envisaged that the partnership will take the form of a technical cooperation agreement or a services agreement depending on the potential partner's particular situation.

Advantages and Innovations

The UK SME offers the following advantages:

Enable partners to see the effect of different parameters on the functioning of their product design and alter the design to improve performance in a time and cost effective way.

Enable companies to determine whether their product design will pass the ratings and standards needed for commercialisation before going into manufacture.

Enable companies to determine whether their existing product designs matches commercially viable performance standards in terms of life span and safety allowing changes to be made at an early stage in the development cycle.

The SME has developed its capabilities across a wide variety of sectors from aerospace, energy, transport and medical sectors enabling tools and techniques from one sector to applied to engineering problems in another.

Stage Of Development

Already on the market

Requested partner

The UK-based SME is looking to partner with companies of all sizes, research institutions and universities.

The UK SME will provide its engineering led product development tools and expertise to partners with engineering projects who need assistance with developing and improving the design of their products to enable them to cope with the parameters and standards their function requires. The UK SME will expect feedback from the partner companies to further develop their tools and expertise.

SMEs will benefit from the UK SMEs tools and expertise as they seek to develop their products by working with them to improve product design so optimising performance and taking into account downstream manufacturing. This will enable the SMEs to optimise their products in a time and cost effective way.

Larger companies will benefit from accessing the UK SMEs tools and expertise to give them product development capabilities they do not have the time or resources to develop in house. This will enable them to derisk some of their more innovative projects and so enhance their product pipeline.

Depending on the situation and type of the potential partner, it is envisaged that the partnership will take the form of a technical cooperation agreement or a services agreement.

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