Disruptive Technology

Published: Sunday, 16 March 2014 11:37
Written by Don Musilli

Innovation often comes when new technologies are applied to existing products or processes which can "disrupt" the current technology and design and morph the existing product into something new and exciting. Steve Jobs wanted to develop the iPhone years before the technology was availble to make it happen. He knew that with the speed of innovation the technologies to make the iPhone a reality would soon be available. 

It is said that technology is now doubling every two years and that products we purchase and use in the next 18 to 24 months have not even been developed yet. Sounds fantastic, but it is true. New advances in design, materials and extraordinary technologies are forever altering the way we look at product development.

Recently, EIC purchased a new 3D Digitizer and 3D Printer to help entrepreneurs and our business candidates quickly move from drawing board concept to prototyping of the product idea in less than 2 weeks, in most cases. Visualizing a product, component or object is one thing, being able to physcially hold it in your hands is another.

One of the real challenges with entering the product design and production business is the barriers to entry. Developing and making an App or software package requires someone able to write html code and a fast T1 line in their house. Two people and very little cost go into this type of product. Producing games requires a lttle more "computer power" but again this can be done from your basement or a space in the garage.

Buidling something means to have to physically "design, develop, prototype, materials selection, manufacture and distribute" your way to an end result. A lot more time consuming and certainly much, much more expensive than just producing a App for a smart phone. Perhaps this is why so many talented, young entrepreneurs look to the social media avenue and soft product ( food, clothing ) arenas rather than hard technologies as their ultimate business goals.

We recognize this challenge and it is for this reason that we have developed a program to utilize the latest "disruptive technology" tools to both simplify and minimize the developmental costs in producing a new product design. As with any new business concept, the product idea itself will not guarantee success. It also requires a great business plan that emphasises the marketing, distribution and pro forma operations to ensure that the idea, concept or new product makes sense and has some potential for success.

For those individuals who have an idea for a new product or redesign of an existing product or technology we encourage you to contact us and provide us with an outline of your business plan. We have the ability to quickly ascertain what areas of assistance are needed and what we can do to get you from concept to reality in as short a period of time as possible.

For more information pleae go to our website at: http://englewoodincubationcenter.org or contact us via email at: This email address is being protected from spambots. You need JavaScript enabled to view it.