Ideas. Innovation. Value.

Critical Project Recovery / Technology Transfer

Target of the project was the recovery of a critical innovation project and the safeguarding of internal technology transfer.

Initial Situation

  • Medical engineering start-up company, approx. 140 employees
  • Approx. 100 Mio. EUR seed-phase investment
  • Enterprise target: development of a measuring system for blood glucose with significantly higher measuring accuracy
  • Product does not meet specified performance requirements
  • Market entry dates had been repeatedly postponed

targets

  • Redesign of project structure and planning with regard to fastest possible market entry
  • Interim project lead
  • Identification of improvement levers to achieve specified product performance
  • Technology and know-how transfer between development site and production plant

Approach

  • Restructuring of project team ,rescheduling of project timing plan, effective task tracking
  • Installation of cross-functional task forces
  • Direct operational project team lead and intensive project and risk controlling
  • Bi-weekly status reporting towards supervisory board and investors
  • Acceptance of functional and disciplinary responsibility (R&D manager, plant manager, quality manager)

Results

  • CE-approval of the product with marketable accuracy
  • Significant increase in production yield
  • Identification of additional improvement levers for second generation product performance
  • Establishing contacts to additional investors for subsequent financing