[M]POWER Manufacturing Assembly highlights innovation, inspires regional growth for manufacturers
Over 450 manufacturers, service providers, and industry experts came together on Wednesday, Oct. 19 for the third-annual [M]POWER Manufacturing Assembly held at the John S. Knight Center in Akron.
Sponsored by MAGNET in conjunction with Crain’s Cleveland Business and the Cleveland Engineering Society, the full-day event featured interactive discussions and breakout sessions on topics ranging from employee turnover to risk management. Featured keynotes included John E. Skory (President, The Cleveland Electric Illuminating Co.) and Tim Timken (President and CEO, TimkenSteel), who stressed the importance of collaboration and regional partnerships in relation to Northeast Ohio’s manufacturing landscape.
A newly expanded, sponsor-supported exhibitor hall also featured interactive displays showcasing diverse manufacturing capabilities, including a portable electric car, staged robotics battles, and a mobile welding lab courtesy of Lorain County Community College.
The winners of [M]SPIRE, MAGNET’s first online pitch competition, were also announced, including entrepreneurs and startups in medical, food, and other industry disciplines. These finalists received a range of awards spanning grant money, consulting services, and connections to outside resources and organizations best suited to help them take the next steps toward long-term success.
“As we continue with [M]POWER each year, we learn that our region is expanding through innovation and new technologies,” said MAGNET President and CEO Ethan Karp. “Getting these manufacturers together fosters a culture of collaboration that not only helps these companies grow, but boosts Northeast Ohio’s economic development and potential.”
Other sponsors for the event included Cuyahoga Community College, Oswald, Syncshow, CenturyLink, Hiring Optics, and more.
Want to see more of [M]POWER 2016? Check out our photo gallery and highlights video below!
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space:
Why should you consider TechLink? To date: More than 1,270 technology transfer partnerships brokered between companies and 110 DoD labs or centers, including all 65 DoD labs that generate patented inventions More than 600 license agreements facilitated between DoD and companies nationwide, transferring over 1,000 DoD inventions to industry Facilitated 60% of total DoD licensing agreements over the past 10 years What does TechLink Specialize in? TechLink specializes in 10 technology areas: Energy, BioTech, Materials, Sensors, Photonics, Software/Info Technology, Military Technology, Electronics and Environmental Technologies. 4 Ways TechLink can help you: Actively market DoD inventions to industry nationwide Help companies evaluate these inventions and submit license applications Facilitate communications between DoD labs and companies leading to “win-win” license agreements for both parties Maintain the nation’s only comprehensive database of DoD-patented inventions, fully searchable through techlinkcenter.org Why should you believe in TechLink? Check out the TechLink technology database and the Technology Spotlight for regular updates on available technologies and contact information for the related Technology Manager. The Manager will help you assess the technology for your company needs, facilitate your connection with DoD, and walk you through the licensing process. Most DoD inventions have civilian and commercial applications. DoD technologies licensed by TechLink have generated