Presentation by Tim Presidge

1. Alastair Watson
Director, Science City Bristol
Collaborate to innovate

2. Rob Walsh
Venturefest Facilitator

3. George Ferguson
Mayor of Bristol

4. Tim Prestidge
Renishaw PLC
Is there a secret to continuous
innovation?

5. About Renishaw
World leading metrology company
A FTSE 250 company with headquarters in United Kingdom
Advancing operational performance
Transforming manufacturing capability and effectiveness
Raising product quality

6. About Renishaw
World leading metrology company
A FTSE 250 company with headquarters in United Kingdom

7. About Renishaw
World leading metrology company
A FTSE 250 company with headquarters in United Kingdom
Employer of more than 3,300 people worldwide
The largest private sector employer in Gloucestershire
The winner of 16 Queen’s Awards
7 Queen’s Awards in the last 9 years alone

8. About Renishaw
World leading metrology company
A FTSE 250 company with headquarters in United Kingdom
Question :
What’s the secret to Renishaw’s continuous
innovation ?

9. About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations
Sir David McMurtry
Chairman and CEO

10. 2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
£ million
About Renishaw
400
350
300
250
200
150
100
50
0

11. About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations
Now …
• £347m turnover, 94% exported
• 18% of revenue invested in R&D and
engineering
• 16 Queen’s Awards
• Over 3,300 staff in 30+ countries
Sir David McMurtry
Chairman and CEO

12. Renishaw’s ethos
“Renishaw fundamentally believes
that success comes from patented
and innovative products and
processes, high quality
manufacturing, and the ability to
provide local customer support in all
its markets around the globe.”
Sir David McMurtry
Chairman & Chief Executive

13. About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations
Now …
• £347m turnover, 94% exported
• 18% of revenue invested in R&D and
engineering
• 16 Queen’s Awards
• Over 3,300 staff in 30+ countries
Sir David McMurtry
Chairman and CEO

14. About Renishaw
Founded on innovation …
• First touch-trigger probe invented in
1973 to measure fuel pipes for the jet
engines on Concorde
• Organic growth sustained by patented
innovations
Now …
• £347m turnover, 94% exported
• 18% of revenue invested in R&D and
engineering
• 16 Queen’s Awards
• Over 3,300 staff in 30+ countries
Sir David McMurtry
Chairman and CEO

15. Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps

16. Queen’s Awards

17. Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your
customers’ requirements ... customers can be your
best collaborators

18. Renishaw’s expertise
Additive
manufacturing
CAD / CAM
dentistry
Calibration
Co-ordinate
measurement and QA
Gauging
Manufacturing
process control
Molecular
diagnostics
Motion
control
Raman
spectroscopy
Stereotactic
neurosurgery
Surveying

19. Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your
customers’ requirements ... customers can be your
best collaborators
3. Once your core expertise is established, think where
else it could be successfully applied

20. Renishaw’s expertise – Manufacturing Process Control
Co-ordinate
measurement
products
Fixtures
Gauging
Machine tool
probe and tool
setting systems
Postprocess
monitoring
In-process control
Process setting
Calibration and
performance
testing products
Process foundation

21. Learning points

22. 2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
£ million
About Renishaw
400
350
300
250
200
150
100
50
0

23. Learning points
1. You don’t have to invent something completely new
and be the first to market ... but it certainly helps
2. Capitalise on your core expertise to satisfy your
customers’ requirements ... customers can be your
best collaborators
3. Once your core expertise is established, think where
else it could be successfully applied
4. Innovation isn’t just about new products ... it can also
be about how you pitch what you have to offer
5. Always look for improvements ... in everything you do

24. Tim Prestidge
Renishaw plc
Is there a secret to
continuous innovation?