There are literally thousands of options that you can pursue in manufacturing, with the potential return on investment varying from a -100% return to a 100%+ return. The challenge for manufacturing companies is to have a process to determine what the next steps should be. IMEC has a basic process that can help you to navigate these waters and bring some clarity to your next step.
Written by Michael Taylor, Mechanical engineer and project manager at NIST MEP.
Microplastics, Inc. of St. Charles is the second recipient of the Illinois Manufacturing Innovation Voucher, receiving matching funds that include additional investment from the Kane County Innovation Voucher.
Manufacturers across the state are taking advantage of IMEC’s Illinois Manufacturing Innovation Voucher program! Just last November, IMEC announced a leading-edge economic development program to help small and medium-sized manufacturers accelerate technology adoption in their products and processes. Awarding up to $25,000 in matching funds, Illinois manufacturers can obtain external technical assistance to solve technology adoption challenges.
It is awe-inspiring to walk into today’s manufacturers and see the efficient and productive way things are made. Yet, even though the United States remains one of the most productive countries, manufacturing productivity has remained flat over the past decade. This should be a major concern. Productivity is a vital foundation for stronger companies, rising standards of living, and vibrant communities.
This is an original article written by Shekhar Chandrashekhar of California Manufacturing Technology Consulting, part of the MEP National Network.
Today, most manufacturers are engaged in activities that could be considered part of “Industry 4.0.” (70% according to the World Economic Forum’s [WEF] white paper, “Fourth Industrial Revolution: Beacons of Technology and Innovation in Manufacturing”).
Imagine the strides your company will make as keep pace with manufacturing technology.
Exciting things are in store for Illinois’ small and mid-sized manufacturers (SMMs) in the coming year! If you haven’t heard already, IMEC recently announced the revolutionary Illinois Manufacturing Innovation Voucher program for SMMs to invest in R&D and technology adoption.
SMMs are vital to the economic well-being of Illinois, and to continue a thriving manufacturing industry in the state, the Illinois Manufacturing Innovation Voucher will lead to a total of $2.5 million in investments to assist with approximately 50 projects in the next year.