Bugs Talk At MIM 11th Dec 2009

Turning Ideas Into InnovationsTurning Ideas Into Innovations

Bugs TanBugs Tan

About Uncle Bugs

A LOVE BUG...

Name : Bugs TanAge : 49 years oldNationality : MalaysianM status : Happily MarriedChildren : 2 Young InventorsProfession : Inventor / AuthorNos. of Inventions : Filed 15 inventions to his name.Other talents : Adjunct Lecturer, Facilitator and ThinkerSports : Former National Cricket PlayerSocial work : Co- Founder of the Malaysia Association

of Creativity and Innovation (MACRI)

Winner - National Innovation Award

Mr. Bugs Tan receiving the Award from the Prime Minister

International Excellent Award for Innovation - Mumbai INDIA

Mr. Bugs Tan Receiving the Award in Mumbai INDIA

All rights reserved © Uncle Bugs 2009

National Industrial Design Award

• Bugs Tan receiving the Award from the Ministry of Domestic Trade & Consumer Affair

•National Inventor Award Multi-locking Pulley MOSTI Malaysia 2000•Short listed National Inventor Award MOSTI Malaysia 2001•Silver Medal Multi-locking Pulley Switzerland 2001•Silver Medal Extruded Alum Coupling ITEX Malaysia 2002 •Bronze Medal Light Weight Grating ITEX Malaysia 2002•Bronze Medal Multi-locking Pulley S&T Malaysia 2003 •Nominated SMI Award Innovator / Entrepreneur SMI Malaysia 2004•National Innovator Award Lite-walk Grating System MOSTI Malaysia 2007•Int Excellent Innovation Award Bugs Tan Indira Institues INDIA 2009• Industrial Design Award Lite-walk Grating Ssytem MyIPO Malaysia 2009

Winner of 10 National Awards

Pulley Coupling Chiller Can Singing Donation Box Drugs Mixer

Out Door Air-cooler Katapila Track Machine Fan Filta Combo Spoon

Grating panels Vibrating Earring Animations Invention Workbooks Stories For Kids

Bugs’ Range of Inventions

Passing knowledge to Students…• Adjunct Lecturer

MARA

Social Contributions Building the next generation of inventors & Scientists

All rights reserved (C) Uncle Bugs 2009

Family of Inventors

Amanda Tan

Born : 29th Oct 1994Today : Form 3 SMK Bandar Utama, PJ

Qualities : Warm, Out going, compassionate.

Down side : Forgetful, untidy,

Personality : Logic thinking, always wear a smile and has high self esteem

School work : Average student, preferred sport and reading rather school books

Skills : Good human interactions, writing.



May 20039 yrs old

Won BRONZE Medal at ITEX 2003 for the Invention of the Vibrating Ear Ring

August 20039 yrs old

Won GOLD medal at the International Student Invention Exhibition. Korea

April 200713 yrs old

Won Consolation Prize for Young Inventor during the National Intellectual Property Day

Oct 200915 yrs old

FINALIST for APICTA AWARD

Amanda Tan

Amelia Tan

Born : 8th Nov 1996

Today : Form 1 SMK Bandar Utama

Qualities : Tidy, objective.

Down side : Calculative .

Personality : Logic thinking, diligent,

very confident

School work : Above average.

Ace card : Creative thinking mind, able

to conceptualize ideas


May 20037 yrs old

Won BRONZE Medal at ITEX 2003 in KL for her Invention of the Heater Swimming Suit

July 20037 yrs old

Won SILVER medal in at the International Student Invention Exhibition. in Korea

July 20037 yrs old

Awarded the SPECIAL award for being the YOUNGEST FOREIGN Inventor by the Vietnam Ministry of Science

Amelia Tan


Amelia Tan


August 20037 yrs old

Listed in the Malaysia Book of Records as the YOUNGEST INVENTOR in the country

May 200610 yrs old

Won a GOLD Medal at the ITEX 2006 KL for the invention of the Combo Spoon

April 200711 yrs old

Won Consolation Prize for National Young Inventor Award during the National Intellectual Property Day

Oct 200913 yrs old

FINALIST for APICTA AWARD

Combo Spoon Singing Donation Box Heater Swimming Suit

Car Toilet Seat Vibrating ear Ring Normal playful kids


How to be Creative…?• Let’s examine….

Turning Ideas Into Innovations

Secret of a Successful Inventor

Mind is the forerunner

of all Inventions - Bugs Tan

Due to its invisibility to our naked eyes, most people are ignorant of its present.


The Uncle Bugs Formula to Success

.

4D1. Dedication

2. Determination

3. Destination

4. Discipline


What is Creativity…?

• Creativity is the result of the thinking in a person where he is able to conceptualize an idea in his mind when other people have not thought about it yet.

Creative ideas are form of thoughts that are not norm at that present moment of

time.


What is Inventions…?

• Invention is the results of a creative thought that have been turned into a new product.

• An invention can also be a new process of manufacturing. Or a new method of service.

However, an invention is something that has not been fully commercialized yet.


What is Innovations…?

• An innovation is a new invention that has been mass produced and found its way into the market place.

• An innovation normally has some better features over similar product that are currently found in the market.

A new innovative product is normally a threat to the existing business.


Where is Malaysia today? Tak nampak pun…


Turning Ideas Into Innovations…


Step 1 - Start by conceptualizing an Idea

• This world is not a perfect place.

• There is so many things you can create to make life better.

• Being observant is the starting point

• Look at things around you at home, work or play.

• There should be something you can invent.

Look through your eyes, conceptualize with your mind


Step 2 – Check Your Idea

1. Is your idea new?2. What does your friends think about your new idea?3. Do you think you can make a working model?4. Do you have the money to spend on this project?5. Do you have the time to work on this project?6. Are you able to get help for this project? 7. Do you know who are your customers?8. Are you sure they will buy your product?9. Do you know the cost to manufacture this product?10. Are you sure you can make a good margin?


Step 3 - Raise fund for your Project

• Raise fund by applying for a grant from the government, or

• Use your own fund


Step 4 - Make a Prototype / Working Model

• Create a working model to see if it works.

• You will need to do most of the work by yourself.

• There will be a need to buy materials, seek special services, outsource certain processes, monitor the work, take the work back to the workshop and a host of other things that would need your attention.

Amelia testing the concept of a “multiple remote control switch for florescent light”


Step 5 - Filing a Patent

• Filing a patent gives you the rights over your idea for 20 years.

• However, it will be a waste of effort and money if your product cannot sell.

• The first person to file a patent is the rightful owner to that idea.

You can file a patent by just having an idea


Step 6 – Do a Valuation for Your Invention

• It puts a price on your new invention

• Its a tool to bring potential investor to the discussion table

• It allows your potential investor to understand your invention

All new technology has a price to it


Step 7 - Commercialization

Route toCommercialization

2. Licensing Earn Royalty through Licensing

1. Sell off your Invention Sell your IP out-right

4. Seek investors Family members Friends Angels / VCs

3. Seek Synergy Partners JV with Entrepreneur

5. Commercialize by yourself Self funding

Commercialization - Manufacturing & Marketing


Parting Words…• In my mind, an invention is a

creative gift from an inventor to human race. Every inventor creates a new invention with the purpose of improving our life, preserve the environment and making this world a better place for all.

• With this noble aspirations, let’s join hands and do our part to make this dream come true.

Bugs Tan

MIM 11th Dec 2009


Terima kasih…!

• Mobile

013- 388 7800

• Blog

www.uncle-bugs.blogspot.com

• Email [email protected]

• Website

www.bugstan.com


Turning Ideas Into Innovation

Q & A

Thank Thank youyou

Technology

Bugs Talk At MIM 11th Dec 2009