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Scott N. Miller
CEO and co-founder
Dragon Innovation
Incubation: Mentorship and Resources
Mentorship & Resources Panel
Scott N. Miller
CEO
Dragon Innovation, Inc.
scott@dragoninnovation.com
Dragon Mission:
Help entrepreneurs succeed.
Typical Characteristics of
HW Entrepreneurs
• Start companies instead of joining established firms
• View problems through a different lens
• Empowered by trying something new
• Innovate in spaces and volumes that large companies cannot compete
• Are disruptive (Pebble, Makerbot, nest, etc)
• Move fast
• Embrace Minimum Viable Product and fail quickly to succeed sooner
• Leverage power of collaboration & crowdfunding
• Are close to customers and have a constant two-way dialog
Phases From the Idea to the Customer
• Phase 1: Functional Prototype
– Prove concept can be implemented
– Test initial market / Build community
– De-risk and raise money to scale
• Phase 2: Scaling One -> Many
– Design for Manufacture and Assembly
– Quality Planning
– Factory Selection
– Costing & Sourcing
– Handover
– Pre-Production
– Production
Phase 1: Prototyping
It’s Getting Easier …
Mechanical Systems
Workshops
Electrical
ME / EE / SW Components
Hardware Accelerators
Phase 2: Scale & Delivery
Challenges
Factory Selection
• Network -> Long List
• Make a check list
• Visit & Vet
• Short List
• RFQ / A2A (Pareto, terms, COGS)
• Negotiate
• Select the winner
Control Costs
1. Deconstruct the BOM
2. Separate special components
3. Transparent
4. Compare to standards
5. Inclusions
Understand Cost of Goods Sold (COGS)
Quality – “Is the product good”?
• Customer Satisfaction = Performance – Expectations
• Late changes are expensive
• Customer returns are very expensive
• Incoming Quality Control
• Functional Tests
• Life Tests
• Abuse
• In-Process
• Transportation (ISTA-3A)
• Final Inspection
Additional Resources
• http://blog.dragoninnovation.com/blog/
• http://www.bunniestudios.com/
• http://www.makerbot.com/blog/
Questions?
scott@dragoninnovation.com
www.dragoninnovation.com
@dragoninnovate

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Scott N. Miller at Hardware Innovation Summit 2013

Editor's Notes

  1. Experience Reference: http://executivetrusteetraining.com/shop/etbm32-got-experience/
  2. Easy to measure / most quantitative of the three. How do you know you are getting a fair price? Decompose COGS into most basic parts. As fine a resolution as possible. Nowhere to hide hidden costs.