Innovation & IP Process Review

PBD's Innovation & IP Process Review provides a comprehensive assessment of the processes that clients use to develop new products and protect innovations through patenting. Although the main focus is on R&D, we also evaluate how effectively other corporate functions, such as marketing and manufacturing, collaborate with R&D in the product innovation cycle. An Innovation & IP Process Review results in a reduction in time to market, an increase in revenue from new products, comprehensive patent protection for new products, avoidance of costly patent infringement suits, and enhanced licensing revenues from the patent portfolio. CEOs, CTOs, and VPs of R&D are likely to benefit from this type of review because of its impact on strategic decision-making. We evaluate the following steps in the product development process: Communicating corporate strategic direction to R&D The product development funnel, including processes for idea generation, exploration, selection, and definition Defining and implementing long-range product technology strategies ahead of specific product developments, including deciding between in-house or outsourced development for enabling technologies R&D product portfolio management to achieve a balance of investments across low-risk (line extensions), medium-risk (next-generation) and high-risk (breakthrough) products Design for manufacturing Cross-functional project management and organization