KMED Innovations is the concept inception and innovation arm of the KMED engineering group, specializing in the creation and development of products from inception to customer delivery, including the generation and registration of documentation necessary to protect associated intellectual property.
To produce innovative products through customization, innovation and invention of new and novel product and business concepts, and to generate, manage and protect associated Intellectual Property artefacts.
The inspiration for a new concept is invariably born from a marriage between the recognition of the existence of a problem in need of a solution and the application of experienced and capable innovative thinking. KMED has an affinity for, and history of inventing new devices and concepts.
Present to us a practical problem or difficulty, and let's invent and propose a solution!
While KMED respects the proverb “Need is the mother of Invention”, we regard successful inventions as only those which provide a positive and sustainable return on development investment. A crucial step in KMED’s innovation process is therefore to perform a suitably tailored market appraisal, congruent with the expense and risk of the impending investment. This may involve performing dedicated market surveys, researching consumer data bases, and interviewing domain experts, before compiling results and analysing the possible market potential of the ensuing idea. Concurrent with assessing the market potential, analysis is also carried out to estimate the level of investment required to bring a concept to fruition.
The criteria for tagging a concept as a worthy business candidate is based on an overall assessment of risk, which has many dependent situational factors, such as availability of funds and resources, the level of technical risk involved, expected time to profit, the logistics of bringing the product to market and stability and maturity of the market, to name a few. Various standard market analysis techniques are employed to help expose and visualize the risk factors. A business plan document is typically produced, detailing the findings and conclusions of the analysis process.
KMED is an experienced generator of patent material. KMED typically prepares the patent documentation, (comprising abstract, summary, detailed description, drawings, claims, and detailed description of preferred embodiments). KMED then works with an independent and suitably experienced Patent law firm to critique the material which, following any adjustments is submitted to IP Australia for patent registration. A certificate of patent pending is then granted, locking in a priority date. The document is then managed as a provisional patent, and subsequently used as a foundation for the generation of complete patents for submission to various treaty countries recognizing the priority date.
KMED will negotiate rights to its intellectual property by way of suitable terms of sale or ongoing license agreement. KMED’s intellectual property may be in various forms including engineering documentation such as market appraisal document, technical evaluation, architecture, design, material specifications, electrical schematics, mechanical drawings, test procedures and results, conformance certificates, manufacturing procedures, engineering and manufacturing quality processes, production test documentation, trademarks, patent documentation, provisional patent and complete patent certificates, copyrights to printed electrical circuit layouts and artistic works.
Product development is an engineering process which can be very involved and complex. The development process typically involves the following phases;
- Requirements capture - A document of testable requirements is typically produced, to exhaustively list and hence describe (in point form), all functionality, performance, appearance and conformance requirements.
- Technology selection - Applicable technologies are investigated and reviewed and suitable selection is made.
- Architecture - A document containing drawings is typically produced to describe the general overall architecture of the device or system being developed.
- Detailed design - Documentation is typically produced to describe the details of all aspects of the design, including all considerations, calculations, behaviours and appearances.
- Implementation - Mechanical drawings, electrical schematics and artworks and software programs are produced.
- Prototype Building - One or more prototypes are built in order to assess the performance, appearance, user appeal
- Test design - A comprehensive suite of tests is devised to verify that all agreed requirements have been achieved by the design (This task can be carried out as a concurrent task as soon as the requirements specification is available).
- Regulatory Approval - Applications are made to relevant regulatory bodies for conformance certificates as appropriate to the end use of the product.
- Production Test design - A suite of tests is devised to verify that the product has been manufactured correctly (This task is best performed prior to implementation in case some tests can be eliminated or at least be built into the product).
- Development of production Test equipment
The development process is driven by suitably capable project manager, each phase in the development process being subjected to various informal reviews, with an official sign off review being carried out prior to proceeding with a subsequent phase of development. The entire process may be iterative depending on complexity and relevant experience and capability of the development team.
Apart from some assembly work and basic packaging, KMED typically out-sources its manufacturing activities to carefully selected subcontract companies. KMED typically provides the necessary documentation such as Bill Of Materials, product artworks, manufacturing procedures, and quality requirements. We liaise closely with the manufacturing company to ensure that our stringent part sourcing and quality requirements are adhered to.
KMED does not limit itself to producing completely new products, but also lends itself to products or concepts in which value can be added by making enhancements or improvements to functionality, usability, performance, documentation, aesthetics and packaging. Such developments also follow the above described multiphase development process, albeit somewhat cut-down as appropriate.
KMED Innovations typically provides its products to retailers or buying groups as OEM products.
See also ... KMED Company Info
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