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© 2020 Optimal Innovation Group Inc. 

OPTIMAL INNOVATION GROUP 

2115 South Service Road West, Box 5

Oakville, Ontario, L6L 5W2  Canada  

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EXAMPLE PROJECTS

RESEARCH & DEVELOPMENT
Problem:  Identify novel compositions and scalable processes for producing oral, dissolvable thin film containing active medicinal ingredients. 
Solution:  Using statistical Design of Experiment (DoE) methods, we designed new formulations with enhanced film dissolving properties and optimized methods to prepare stable dispersions for casting as durable thin films.
Results:  Within 6 months, produced two new patent applications and developed scalable dispersion-making process for manufacturing.
TECHNOLOGY INNOVATION
Problem:  Identify novel compositions and scalable processes for producing oral, dissolvable thin film containing active medicinal ingredients. 
Solution:  Using statistical Design of Experiment (DoE) methods, we designed new formulations with enhanced film dissolving properties and optimized methods to prepare stable dispersions for casting as durable thin films.
Results:  Within 6 months, produced two new patent applications and developed scalable dispersion-making process for manufacturing.
MARKET COMMERCIALIZATION
Problem:  Evaluate the commercial potential, addressable market opportunities, competitive technologies, obtain Canadian manufacturing cost estimates and develop pathway to market for a mobile ECG (electrocardiogram) technology.
Solution:  Performed market research to identify addressable markets, key competitors and pricing for mobile-ECG products. Obtained cost estimates from ISO-13485 manufacturers, identified regulatory clearance requirements, sourced B2B customers & partners, developed business models for commercial market entry. 
Results:  Delivered a comprehensive business plan which addressed the commercial plan for mobile-ECG product, path to market and business model.  
BUSINESS DEVELOPMENT
Problem:  Assess market opportunity and collect customer feedback for commercial development of a new instrument innovation based on Scanning Electron Microscopy.
Solution:  Performed secondary market research to identify the target markets; then conducted primary market research interviews with 24 companies using a questionnaire we developed; summarized the data with statistical significance. 
Results:  A large addressable market with few competitors was determined for the innovative product; we identified 10 companies who confirmed interest to be first customers,  
PROFESSIONAL DEVELOPMENT
Problem:  Many graduates in STEM subject areas want to learn more about developing their careers in industry, and learning important business skills.
Solution:  We developed and delivered customized professional development workshops for STEM graduate students at three Canadian universities on the topics of career-building and commercialization of technologies.
Results:  The demand from the  successful university workshops was high and we offered them as professional development workshops at the Canadian Society for Chemistry national conferences in 2013, 2015.