Institute for Product Realization
A REVOLUTIONARY PARADIGM
The University of Louisville’s Institute for Product Realization (IPR) will be a Limited Liability Corporation with three basic units: Manufacturing Pilot & Launch Pad; Microfactory and Co-Creation; and Technical Research. The Technical Research Unit is designed to become globally preeminent in basic and applied research in advanced manufacturing. The Manufacturing Pilot & Launch Pad, a commercialization unit, will become preeminent in providing product innovation services to companies. The Microfactory and Co-Creation unit brings the global community together and allows for the creation and production of new products based on local needs. The Microfactory will provide design, development, refining (through market testing) and build capabilities to provide rapid development/low volume production.
The IPR will be globally unique in its capability to impact advanced manufacturing.
The IPR will be globally unique in its capability to impact advanced manufacturing. The concept significantly furthers the tested launch pad model for commercialization. Substantive integration of the three Units will be the key. This integration within a single institute will provide a sustainable capacity for continuous discovery and product realization. Moreover, it will serve as a learning laboratory for advanced engineering workforce development and connect academic research activity to practical application.
The IPR is located on 40 acres adjacent to the University of Louisville. The city of Louisville is a manufacturing epicenter with 14,000 manufacturing facilities within a 150-mile radius The city is a major logistics crossroads because of its geographic location and road, river, rail and air infrastructure. UPS world port is 5 miles from the facility. Electric and water costs are among the lowest in the country.
CONTINUOUS DISCOVERY PRODUCT REALIZATION
The IPR supports product realization from ideation to commercialization. The facility will consist of 225,000 sq. ft. of mixed research, office and manufacturing space.
Community is a core value for this Microfactory. Engaging the community to facilitate innovation and empower the maker community drives everything the IPR will do. At the Microfactory, you can collaborate with the internal Lab team to work on projects, attend open houses, schedule a Microfactory tour, or sign up for a product demo.
The Build Program at our Microfactory is the most immersive experience you can have. Using in-house tools, parts and common equipment will allow the local community to participate in creating innovative products.
Technical Research Unit
The Technical Research Unit is designed to become globally preeminent in basic and applied research in advanced manufacturing.
More than 3,100 jobs will be created over the next 10 years.
Traditionally, universities have focused on teaching and research and have been less concerned with commercialization ventures. This is changing at the University of Louisville, which is partnering with Private and Public entities to build investment, infrastructure and knowledge resources to facilitate the commercialization of products. The IPR is a Limited Liability company and wholly owned subsidiary of the UofL Research Foundation.
SIX PREEMINENT RESEARCH CORES
This integration within a single institute will provide a sustainable capacity for continuous discovery and product realization.
- Additive Manufacturing and Prototyping Center
- Logistics and Distribution Institute
- Conn Center for Renewable Energy Research
- Analytics and Computational Innovation Center
- Micro/Nano Technology Service Center
- UL Advanced Manufacturing Competency Center
The University of Louisville’s Institute for Product Realization (IPR) has three basic units: Manufacturing Pilot & Launch Pad; Microfactory and Co-Creation Platform; and Technical Research.
- The Commercialization unit, the Manufacturing Pilot & Launch Pad, will become preeminent in providing product innovation services to companies.
- The Microfactory and Co-Creation unit brings the Global community together and allows for the creation and production of new products. The Microfactory will provide design, development, refinement (through market testing) and build capabilities for rapid development and low volume production.
- The Technical Research unit is designed to become globally preeminent in basic and applied research in advanced manufacturing.
Manufacturers can improve overall competitiveness by compressing development time for bringing new products to market and lowering overall costs.
- Continuous Innovation – the IPR’s Co-Creation Platform allows continuous feedback and redesign of products using a virtual community of designers, engineers and maker enthusiasts led by the Institute’s manufacturing experts.
- Lower Cost – Manufacturers will have access to IPR’s shared services including advanced engineering equipment, engineering services, design, R&D, prototyping and production services. Companies will avoid large investments in staff, equipment and facilities thus making them more competitive.
- Product Differentiation – The IPR’s design process will help differentiate your product in the market showcasing its unique qualities to make it competitive and successful.
- Speed-to-Market – The IPR’s “Design – Build – Sell” process can drastically reduce the time it takes to launch a new product and will reduce the overall risk by gaining consumer feedback and endorsement prior to roll-out.
- Improved Product Roll-Out – The IPR’s Community will provide critical feedback and iterative product enhancements to design, feature/function and pricing to improve overall acceptance at roll-out.
- Access to Affordable Research & Development – Manufacturer’s need access to R&D. Your company can contract with any of our advanced research teams: Additive Manufacturing; Conn Center for Renewable Energy Research, Logistics and Distribution; Micro/Nanotechnology; Computational Research as well as many other disciplines. This focus on materials, process, design, logistics and nanotechnology represents the core research areas of the IPR.
SPECIALIZED OFFERINGS & SERVICES
Microfactories bring the internal engineering-solutions team, the virtual community, and the physical community together to make this concept a reality.
To learn more, please contact David Adams, at 502-852-6281 or via email at email@example.com