9 New Products Commercialized in 18 months! So what is the Secret?
- Newsletters
- July 9, 2020
Dan Radomski
Director, Centrepolis Accelerator
In my nearly 2 years as Director of the Centrepolis Accelerator, I am very proud to announce that we have helped commercialize 9 new products in the last 18 months -- most of which have been completely designed, engineered, prototyped, tested and manufactured right here in our home state of Michigan!
An array of products from magnetic buttons; hair extension stand; to connected products--smart portable fitness machine; new battery module and fast charging systems; advanced manufacturing processes that make high strength steel and natural fiber composites, to name a few.
What is more impressive is that we have a 100% success record in taking new hardware physical products to market with our deep level engagement clients where we assign our experts to companies to help them with business strategy, product design, engineering, testing and production. A 100% success rate is unheard of for any incubator of any technology category, especially hardware.
Of our 32 deep level engagement clients;
67 patents filed
22 patents issued
32 trademarks
65 licensing / joint venture / joint development / commercial agreements
73 new contracts to Michigan suppliers, amounting to over $8M in contracted services
This is the beauty of what we do…we help Michigan based companies bring new physical products to market. It generates a bonus economic multiplier to the State’s product development and manufacturing supply chain.
What is the secret behind this 100% success rate? Simple…we take the product development and design for manufacturability talent already in abundance in Michigan and we place them on our client’s teams to ensure their success. Many other incubators have a robust group of mentors and advisors to help their clients, but I assure you what we have developed is different.
What we have done differently is to assign to our clients, for extended periods of time, veterans of industry…what we call our Experts-in-Residence, in product design, engineering, prototype, testing , validation, materials selection, tooling design, manufacturing process options, supply chain management, etc. Our experts become an extension of our client’s team, with 25+ years of experience, to critical business, technical and manufacturing milestones. We provide start-ups and small businesses with the product development and manufacturing team’s to make sure they avoid critical mistakes, optimize product development costs and develop products with good margins.
The results speak for themselves. I encourage you to contact any of our deep level engagement clients and ask them to share the impact our team has provided to their commercialization efforts. We are very confident in what we can offer to Michigan hardware tech companies.
For those less familiar with our efforts, let me remind you of out very important Mantra…
To enable those with ideas for physical products to create and recognize their dreams, to help them build businesses, make things and put people to work right here in Michigan
We look forward to bringing many new Michigan made products to market in 2020 and beyond! If you interested in learning more contact me via email, dradomski@ltu.edu.