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The following topics are under this section: Game Changers – Medical Device company leverages on artificial intelligence for robotic surgery Epidemiology of Factors associated with Low Muscle Mass in Elderly Low Glycaemic Index Foods for Healthier Diets Disruptive Technologies in the Tobacco Industry

Optimization of Injection Molding Process Parameters via Design of Experiments

The validation of processes is an innovative methodology where a process has been submitted to scrutiny to guarantee the products comply with the specifications of the company and the norms of the country of consumption. In the medical industry, this process is considered as a regulatory requirement, however, this also helps to improve quality, eliminate waste, and reduce costs, among other things. This chapter applied the methodology of process validation in a medical device company; the engineering tests were used in the company's clean room, using an injection molding machine and tests of several parameters were used even without being validated to know which are the best run and the best parameters, for its daily use. This project addresses the validation of the blood filter process by injection molding. The Design of Experiments applied was a 2K factorial design with central points where the replicas consisted of five of 45 in total for the three dimensions. The pieces are shared for those three dimensions that are being evaluated.

Open Innovation and Serial Entrepreneurs

With the advent of the Fourth Industrial Revolution, the role of entrepreneurs has become more crucial than ever. As a result, an open innovation model is suggested here that can promote serial entrepreneurs by answering the following question: “How does the serial entrepreneur in open innovation conditions continuously identify business opportunities?” This question is answered through an in-depth case study of Medison from 1985 to 2016, as Medison is not only a representative Korean medical device company, but is also a representative example of serial entrepreneurship in Korea. First, we examined the diverse open innovation channels, such as spin-offs, venture investment, and joint venture, used by Medison before it was merged with Samsung. Second, we examined the open innovation serial entrepreneurs of Medison and then analyzed the direct serial entrepreneurs of Medison. Fourth, we built a causal loop model of Medison open innovation with emergence and complexity combined. Finally, a sustainable open innovation strategy and an approach to sustainable serial entrepreneurship was formulated. The foundation of this research is as follows. First, an open innovation strategy can be a strong motivator for serial entrepreneurs. Second, a balance between emergence and complexity is required to trigger sustainable serial entrepreneurs of open innovation.