Foresight Science & Technology participated in two stops of this year’s SBIR Road Tour. On September 16th Foresight’s President, Norton Kaplan, sat on the panel “Top 10 Do’s and Don’ts for your SBIR/STTR Proposal” in Burlington, VT. On September 17th Foresight’s Director of Consulting and Training, Dr. Konstantin Izvolsky, spoke on the panel “Commercialization Boot Camp: Selling Your Technology” in Albany, NY.
Interested in learning more about our SBIR/STTR services? Contact Us!
Developers who utilize a formal product development process increase their potential for successful market entry, and better manage their R&D costs. Which is why, as of July 2019, three Foresight Science & Technology staff members have successfully obtained their New Product Development Professional (NPDP) certificate from the Product Development and Management Association (PDMA). The formal knowledge gained and officially recognized by the PDMA goes a long way to help our clients succeed in product development from concept to launch.
Let Foresight Science & Technology help you in your next product development project.
Foresight’s VP of Business Development, Daniel Satinsky, co-authored a new book. Hammer and Silicon – The Soviet Diaspora in the U.S. Innovation Economy, published by Cambridge University Press discusses the impact of immigration policy on the US tech sector. The book is based upon in-depth interviews of more than 150 professionals who emigrated from 11 of the 15 former Soviet republics between the 1970s and 2015 and who currently work in Silicon Valley and Boston/Cambridge. The book places the immigration of these skilled Russian-speaking professionals within the context of the broader movement of the “best and brightest” from around the world to the US over the past 50 years.
For more information or to purchase the book, visit: https://www.amazon.com/Hammer-Silicon-Innovation-Immigration-Institutions/dp/1316641260.
Foresight Science & Technology is excited to announce that we will be presenting at America’s SBDC Conference in Long Beach, CA held on September 3-6, 2019. Foresight’s Director of Consulting and Training, Dr. Konstantin Izvolsky, will be conducting the session “Understanding SBIR/STTR Programs and Writing a Winning SBIR/STTR Commercialization Plan” on September 4th from 1:45 – 3:15 PM in hall 103A. If you will be in attendance be sure to attend this session for information on the SBIR/STTR Programs and an insider’s look at preparing winning Commercialization Plans!
If you would like to schedule a one-on-one meeting with Dr. Izvolsky while at the conference, please email: kelli.cardoso@foresightst.com
Posted July 3, 2019 By: Reda El Alami
On June 20th, 2019 Foresight attended the PDMA webinar Demystifying Open Innovation: Insights from Industry. The agenda consisted of open innovation readiness assessments, roadmaps, and a very informative case study. In order to get the audience on the same page, Dr. Wayne Fisher, Founder of Rockdale Innovation, defined Innovation as the act of “proactively seeking new problems to solve, new ways to solve existing problems, and new ways to implement business building ideas”. In addition he defined Open Innovation as “actively engaging external subject matter experts in the definition of technical problems, identification of potential solutions, and implementation of the best solutions”.
The discussion continued with the Galbraith model, highlighting “what’s important” and “what can go wrong” when installing open innovation in your company, emphasizing the importance of each key element of Organizational Design: Strategy, People, Structure, Rewards, Process; as well as the importance of linking business goals to open innovation projects. As with most product development projects, strong emphasis should be placed on involvement of both the customers and suppliers in all phases of the problem-solving process – problem definition, idea generation, and action planning. We at Foresight always emphasize that it is never too early in your product development process to seek input from your customers, and the same applies to implementation of Open Innovation!
Interested in learning more about Open Innovation? Check out: Open Innovation Essentials for Small and Medium Enterprises. Co-Authored by: Foresight’s Founder, Dr. Phyllis Speser, and VP Business Development, Daniel Satinsky.
Foresight Science & Technology was an exhibitor at the SBIR/STTR Spring Innovation Conference co-located with the 2019 TechConnect World Innovation Conference this year in Boston, MA June 17-18, 2019. During the event, Dr. Konstantin Izvolsky, Foresight’s Director of Consulting, was also a panel member for the session “SBIR: Follow on Funding: How to Commercialize Your Phase II” where he shared his tips on finding and approaching potential commercialization partners.
Thank you to all attendees who visited our booth. To learn more about our SBIR TABA services, visit: https://foresightst.com/sbir-taba/ or contact Alyssa Belleville at alyssa@foresightst.com.
Posted on April 1, 2019 By: Norton Kaplan
I suggest viewing “Shark Tank” https://abc.go.com/shows/shark-tank occasionally to pick up a few hints on how to evaluate and strategize business opportunities and entrepreneur tactics. Most importantly I suggest paying attention to the “Shark Tank” inventor panel members and their questions and comments. I find that each panel member typically focuses on specific pitch/company attributes. For example, I feel that Mark Cuban focuses on the people and resources relative to commitment and drive. Lori Greiner often inquiries about market dynamics and intellectual property. Kevin O’Leary looks for ROI and competition. John Daymond often focuses on supply chain and networking. The others have their own focus.
There is a lot of commonality in how “Shark Tank” is conducted and the work that Foresight does. Sometimes it is pointing out the “elephant in the room.” Highlighted in a Forbes article – “Five Reasons 8 Out Of 10 Businesses Fail” the number 1 reason is that they are Not really in touch with customers through deep dialogue and the number 2 reason is No real differentiation in the market (read: lack of unique value propositions). As Foresight moves forward as a leading commercialization consultancy we all need to look for the evolving needs of our customers and the markets that they are impacting. Foresight is addressing some of these changing needs with products/services like the new SMART Report and the new support program consulting for SBIR/STTR TABA. I look forward to your input on what you are seeing in the companies and markets that you support.
Foresight Science & Technology once again sponsored the ASTP Annual Conference this year in Dublin, Ireland May 21-23, 2019. This was a wonderful event for us to meet with our international clients. Thank you to everyone who stopped by our Booth to learn more about our new SMART Reports and Commercialization Training packages!
On December 13 and 14, 2018 Foresight’s Dr. Konstantin Izvolsky, Director of Consulting and Training, and Mr. Norton Kaplan, President, visited the University of South Dakota GEAR Center to provide Commercialization 101 (COMM 101) training to technology transfer office (TTO) staff, faculty, and graduate students. Foresight’s COMM 101 Course is designed to target the broad audiences with the various levels of technology commercialization experience and help TTO staff, faculties and young entrepreneurs to better assess and market the technologies originating in the university laboratories from the conceptual stage to commercialization. The COMM 101 training assists in technology evaluation and identification of commercially viable technologies, defining the value proposition and appropriate application, interactions with potential commercialization partners.
The training was well received by the USD audience. Over two days, participants were actively engaged in discussions covering various aspects of technology commercialization making it interactive and fun experience. Foresight team wishes all the best to out USD friends and is looking forward to providing more commercialization support to USD and other universities in the future!
Foresight Science & Technology exhibited at the AUTM Annual Meeting in Austin, TX February 10-13, 2019. We thank everyone who stopped by our booth to see us! Contact us to learn more about our new SMART Report and commercialization training courses!
