jim fitzsimons fusion consultant presentation to synergy centre may 2011
TRANSCRIPT
JIM FITZSIMONS FUSION CONSULTANT
PRESENTATION TO SYNERGY CENTREMAY 2011
WHAT IS FUSION?
Innovative project central to company’s needs
GraduateFast track careerCollege
Increased relevance to industry
Company Improved capability
Partnership with benefits for all
Cross Border Partnership
Technologyand Knowledge Transfer
ARE ALL COMPANIES ELIGIBLE?
Mainly Small To Medium Size Enterprises (SMEs) That:
– Have a technology development need within the company– Demonstrate they lack capability in a specific area– Are financially able to complete and exploit the project (normally 2 years
audited accounts required)– Demonstrate commitment from senior management– Have appropriate resources to participate in FUSION including staff
HOW CAN FUSION HELP SMEs?Typically Through FUSION Companies Can:
– Develop new innovative products – Enhance existing products– Streamline production processes– Introduce product design capability– Integrate IT systems– etc
WHAT IS THE SUPPORT PACKAGE?Company Costs Budget € Graduate employment costs (50%)* €12,350 Graduate training and development €1,125 Graduate travel and subsistence €1,125 Project equipment and consumables €1,125
University/College Costs University/College support €14,050 University/College travel & subsistence €2,250 Preparation of proposal €1,125 TOTAL €33,150
*SME pays remaining 50% of Graduate employment costs i.e. €12.35k per annum For a cost of €12.35k company gets leverage of €33.15k
WHAT ELSE DOES INTERTRADEIRELAND CONTRIBUTE?
Additional hidden support worth approx €35k including: • Costs for the Graduate’s Diploma course at Smurfit School • Cost of Master Class to help with FUSION application• Costs for recruitment of the Graduate including advertising in
national papers (normally Belfast Telegraph and Irish Independent) and jobsites
• Project management costs for experienced consultant to oversee project
• Cost for provision of FUSION helpline to provide addition advice
Geographical Spread OfProjects So Far in Phase III
HOW IS YOUR PROJECT MANAGED?
• Quarterly Project Management Group Meetings
• Monthly Technical Meetings
• Ad Hoc Informal Meetings/Contact
WHAT ARE THE BENEFITS TO COMPANIES?
• Access to much wider reservoir of world-class R & D facilities in our Universities, Colleges and Research Centres across the Island of Ireland
• Financial support package worth over €£15,000 over 1 year• Increased performance, capability and profit for company• Excellent support with application process• Ongoing support from FUSION Consultant • Opportunity to attract and retain high calibre graduates• FUSION network / community • Opportunities for strategic alliances through FUSION
PROJECT BENEFITS TO ACADEMICS
• Funding of over €17,000 for 12-month project• Support mechanisms for preparation of proposal• Support mechanisms for management of project • Publications in journals and at conferences• Case studies for teaching material• Under-graduate and post-graduate student projects• Year-out and Summer student placement • Guest lectures from company personnel
LONGER TERM BENEFITS TO ACADEMICS
• Fits with College strategic plans• Opportunities for strategic partnerships with companies• Opportunities for further funding after FUSION• Clustering and networking opportunities• Increased profile for College across the island of Ireland
MANAGEMENT TRAINING FOR THE GRADUATE
• Postgraduate Diploma in Management Practice accredited by UCD (level 9)• Delivered by The Michael Smurfit Graduate School of Business, UCD• 5 (two-day) modules over 1 year combined with FUSION practical work• Modules
– Strategic Management and Project Management– Management and Financial Accounting– Marketing Strategy– Entrepreneurship, Innovation and Change Management, – Human Resource Management/Organisational Behaviour
• Grooms graduate for senior management positions in the future.
James Hackett (Irl) Ltd and UU
• Improve Design Capabilitiy of Company to become a Design house for new lighting design
• Academic team Ian McCrum, Dominic Logan • Academic Benefits
– interact across all levels within the company– exposed to new case study material– design competition for students
• James Hackett Ltd Benefits. – Several new product lines designed– New IP Generated– Products under contract manufacture in China– Large orders from new project
Limavady Gear Company Ltd and ITT
• Research new Heat Treatments, Identify Best Materials for each Process/Application
• Academic James Dwan • Academic Benefits
– Experience of heat treating heavy industry components– Development of metallographic samples, increasing stock of gear
failures for case studies– student placements in carbonising steel
• Limavady Gear Company Ltd Benefits. – Better understanding of Steel Heat Treatment– Much Lower Component Failure – Process improvements leading to increased profits of £30k in year 1
after project
Contact Details
• Fusion Administrator: • Catherine McCaghey Tel: 048 3026 0700
• Email [email protected]
• FUSION Consultant: • Jim Fitzsimons Tel 087 2845760
Email: [email protected]
BOTTOM LINE ON FUSION!!If your company has a specific technical issue to solve
Use FUSION as1. 1. Access to college for free to help2. 2. Grant to cover roughly half salary for 1 year3. 3. Technical person is also trained in business on weekends4. 4. Easy application process
THANK YOU !!QUESTIONS ??