Presentation to Trakya University, Edirne, Turkey

S F Bush

The roles of the enterprise, university and government: Introduction

The University Centre for Manufacture at Manchester and its precursor worked in collaboration with SMEs and government agencies.

Results have been reviewed for a ten year period from 1996 to 2005.

The Techno-economic Model (TEM) has been developed over the same period to aid decision-making about which projects to support.

The TEM has predictive power and shows the importance of the “Stoichiometric Principle”.

The Stoichiometric Principle

As in the air-fuel ratio for internal combustion engines, this determines the optimum ratios of resources for:

• Product R&D and Process R&D
• Capital investment and total R&D
• Marketing and Production