Product development and engineering company Shenzen Valley Ventures (SVV) says its new manufacturing facility in China is its “first tier-1 facility” in the country. (See 3D tour of the facility.)
Located on the 9th floor of a skyscraper, SVV says it is “the most impressionable manufacturing facility in the Greater Bay Area’s Shenzhen”.
The platform is designed solely to accommodate the low-volume production needs of complex business-to-business devices, something which other manufacturers are unable to support, at least at a tier-1 level.
SVV has joined forces with Capgemini’s Applied Innovation Exchange program, an extension of the Capgemini Group’s ever-expanding business model, assisting fortune 500 companies.
The Shenzhen AIE is designed to innovate effectively or fast , as detailed in the document Thought Leadership on Accelerating Innovation in Shenzhen. Large corporations lack the necessary processes, talent, risk tolerance, and leadership alignment, as well as a culture that encourages, rewards, and promotes innovation.
Capgemini’s AIE has created a four-step process to greatly help their clients overcome these challenges. However, through the close relationship between SVV and Capgemini, corporations can now utilize the unique positioning of this collaboration to also innovate in the hardware space.
A barrier that is constantly hindering corporate innovation is speed. The internal hierarchical processes which corporations usually follow can reduce the flexibility that innovation needs to strive in today’s markets.
Respectively, SVV offers a complete end-to-end engineering service which can be used as a fast-track incubation of corporate innovation projects, helping them get around this challenge. Furthermore, the low-volume manufacturing facility is designed to be a pilot-testing platform for corporate innovation to utilize, by feeding small-quantity units into their desired markets.
By this, the turnaround time can almost be slashed by 70 percent, a feat achieved while SVV worked with European client B/S/H.
According to Harvard Business School professor Clayton Christensen: “Each year more than 30,000 new consumer products are launched and 80 percent of them fail.”
With this in mind, it begs the question, can corporations continue pouring time and resources into failed ideas?
This is why SVV’s platform is a valuable asset to corporate innovation. As ideas will continue flowing throughout the lifespan of a corporate’s life. But, is there a way to fail faster?
This is how SVV works with corporate clients, by greatly accelerating the time to market, and offering their tier-1 pilot-testing site as a test for these innovative devices to either fail or succeed. In this regard, corporates can fail/validate products faster, saving them time, money, and resources.
On the other spectrum. After successfully deploying a new innovative device. The corporate can then either take on the manufacturing of its products themselves or continue running low-volume production at SVV’s production facility.
In regards to Cagpgemini’s AIE, their four-step process for helping corporates with their software challenges can now include the hardware aspect too.
This collaboration with SVV’s engineering and low-volume manufacturing facility has created a complete end-to-end software, engineering, and manufacturing service which corporates can greatly utilize to bring innovative technology to the market faster and more efficiently.
Original article contributed by Frederick Bravey, head of marketing at Shenzen Valley Ventures
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