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1. Overview of Trends in Innovation in the Chemical Industry
Pages 7-17

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From page 7...
... To do this, I decided to use both industry information and specific information from the Dow Chemical Company to illustrate what I see happening in the broader chemical industry. I'll start with some broad trend data on chemical patents and, thus, on innovation in the chemical sciences.
From page 8...
... It is also dependent on several indices that CHI has developed to look at the impact of patents, the technology cycle time, and the tie to basic science. During the 1980s, the technology cycle time, a measure of the age of the earlier patents cited in a current patent, slowed significantly in the chemical sciences.
From page 9...
... There were eight structurally diverse hits, the total time from the first designed experiment to pilot plant runs was less than 5 months, and the cost of the catalyst package was reduced by greater than 75 percent. Dow has additional examples illustrating a 10-fold decrease in cycle time, 3- to 4-fold decrease in personnel costs, and a significant reduction in the scale of reactants used and waste generated.
From page 10...
... For instance, taking an existing latex formulation and reformulating it for a paper coating opportunity in Europe is an applications R&D activity. Rather, this is a description of the identification of a significant unmet need that requires new materials or a new system to meet the need.
From page 11...
... In April 2000, IBM reported the complete integration of the SILK dielectric and copper wiring and announced its intent to commercially fabricate integrated circuits using SILK resin. All of the critical innovation success factors were important in driving this rapid innovation time line.
From page 12...
... Our vision is to meet the growing demand for monoclonal antibodies by combining the power of Epicyte's expertise in expressing antibodies in plants with Dow's expertise in the agricultural sciences of corn as well as our overall strength in engineering science and production capability. Combining this new fundamental science with the scientific and engineering strength of Dow Chemical Company clearly was the fastest way to the marketplace.
From page 13...
... If rigorously used, stage processes are beneficial and can focus employees on the critical scientific technology needs for success. Work processes provide a useful framework to do industry-wide benchmarking to evaluate internal performance versus best-inclass standards.
From page 14...
... In fact, a proprietary and profitable market position will usually only come through new knowledge that comes from basic research. The critical innovation success factors for the macrotrends above are the three P's: people, processes, and partnerships.
From page 15...
... Henry F Whalen, ,lr., American Chemical Society: You mentioned that you had a partnership with IBM to develop this porous dielectric with less than 10-nanometer closed pores, but you also said that this truly started as an ATP program.
From page 16...
... When they were doing the computational chemistry, one of the hits they came up with was a material where the published dielectric constant was wrong. The computational chemist brought this forward, and everybody said, "That's not right, because we know what the dielectric constant is.
From page 17...
... The businesses have a special assignments program as well. In fact, the special assignments program is primarily through the businesses.


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