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Find Your Business in Digitalized Manufacturing
Eldar Shakirov
Eldar Shakirov
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Find Your Business in Digitalized Manufacturing

Identify a business opportunity with digitalized manufacturing in your chosen industry, and develop it into a viable business model.

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Eldar Shakirov
Industrial Engineering Fellow
DREAM Venture Labs
Suhin Kim
Mechanical Engineer Fellow
DREAM Venture Labs
Mondays
 at
1:00
P.M.
 ET /
10:00
A.M.
PT
8 weeks, 2-3 hours per week
Intermediate
No experience required
No experience required
Some experience required
Degree and experience required

Description

Digital manufacturing technologies encompass a broad range of tools and systems that are transforming manufacturing through digitization and connectivity. They are foundational to the smart factory and Industry 4.0, where real-time data, automation, and advanced analytics drive efficiency. However, despite their potential, digital manufacturing technologies face challenges in scalability and integration within traditional manufacturing environments. In this Build Project, you will act as a multi-disciplinary analyst, selecting a digital manufacturing technology (such as IoT, robotics, or digital twins) to explore its applications in a specific industry sector.

Guided by expert Project Leaders, you will analyze technology-specific challenges and the unique demands of your chosen industry, identify key stakeholders who influence adoption, and create a business plan to support implementation. By the end of the project, you will present this plan, demonstrating the role of digital manufacturing in enhancing productivity and agility. This project will introduce various digital manufacturing technologies and tools, including industrial IoT platforms, simulation software, and AI. To keep it realistic and fun, you will do your study in an environment simulating the operations of a real, small-scale startup team.

Session timeline

  • Applications open
    December 1, 2024
  • Application deadline
    January 15, 2025
  • Project start date
    Week of July 8, 2024
    Week of
    February 3, 2025
  • Project end date
    Week of

What you will learn

  • Learn the operations of a certain industry. Analyze an industrial sector and identify the manufacturing methods and suppliers critical to it.
  • Learn how to estimate a market size and its dependence on company operations and selected manufacturing innovation.
  • Learn about the limitations of a digital manufacturing technology of your choice (e.g., Additive Manufacturing) and how they impact commercialization.
  • Learn preparation and delivery of concise and comprehensive pitch-style presentations, which will summarize business- and technology-related findings about a chosen manufacturing industry, manufacturing company, its suppliers, and key technologies that are used already or can be used in the future.

Project workshops

1
Manufacturing industries and technologies
2
Industry sector selection
3
Selection of a manufacturing digitalization technology
4
Technology application in a given context
5
Commercialization plan for a chosen application
6
Drafting a business plan
7
Drafting a pitch deck
8
Final presentation

Prerequisites

  • Some background knowledge about manufacturing allowing to distinguish the principles behind different production methods.
  • Knowledge (and curiosity) about recent technological trends. E.g., see the TIME 2024 list here: https://time.com/collection/best-inventions-2024/.
  • General knowledge in quantitative analysis of a subject matter, e.g., using Excel.
  • Familiarity with reviewing literature and presenting its analysis on slides.

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About the expert

Eldar Shakirov

Industrial Engineering Fellow
DREAM Venture Labs

Eldar is an Industrial Engineering Build Fellow at Dream Venture Labs, where he works with students leading projects in manufacturing digitalization.

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Eldar
's Linkedin

Suhin Kim

Mechanical Engineer Fellow
DREAM Venture Labs

Suhin is a Mechanical Engineering Build Fellow at Dream Venture Labs, where he works with students leading projects in Mechanical Engineering.

Suhin is a co-founder of Upgrade Manufacturing, Inc., where he focuses on developing ML/AI-based manufacturing assistant tools, particularly for small- to medium-sized machine shops.

Suhin has over 7 years of experience in the mechanical engineering research field.

Suhin worked at the Hyundai Motor Company, Seoul National University, and the Massachusetts Institute of Technology as a research engineer/scientist.

He holds a B.S. and Ph.D. degrees in Mechanical Engineering.

A fun fact about Suhin is that he loves watching soccer games with his son.

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Suhin
's Linkedin