SRI Five Disciplines of Innovation

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Managing Scientific Innovation

$500+ million in 2,100 21 locations annual revenues staff members worldwide

mission World-changing solutions to make people safer, healthier, and more productive

Areas of expertise

Robotics & Automation Information & Computing

Innovation & Economic Dev. Chemistry & Materials Education &© 2015Learning SRI International S/W stabilization for mobile chat Confidential project Pharmaceutical development Scientific digital imagers

Vehicle-to-vehicle Medical device for continuous Education products communications Mobile banking assistant blood pressure measurement

Content summarization Automotive lane sensing Dioxin abatement Innovation eco-system

4. Verify or Pivot

3. Test solution Value with 1. Hypotheses Iterations Proposition customers

2. Test problem with customers

Goal: Customers confirm importance of problem and solution

Build a Robot that can climb walls

Stanford: Artificial Gecko Feet

MIT: Suction Cups Georgia Tech:

• Electrostatic attraction • Can be turned on or off quickly • Ultra-low power consumption (micro watts)

• Operates on many surfaces

SRI hired experienced entrepreneur to work with internal team

Science and engineering + Business and sales

• Partnered with customers to identify market needs • Investigated: − Sheet material handling: Fabrics, Glass, Carbon Fiber − Industrial automation/Electronics

• Market Insight: market value driven by enabling automation in new tasks

• Company raised > $20 million to develop technology − First product shipped in 8 months

ISRG (NASDAQ) acquired by Google acquired by Lighting Science acquired by Redbrick Health

ORCH (NASDAQ) acquired by Dow acquired by ConVerge One acquired by Parker Hannifin

• Innovation is more than just science and technology • Innovation happens as result of a process • First step: Understand the customer needs and the market

Managing Scientific Innovation