Research and Development

A unique philosophy developed by Harshaw Research concurrently addresses the three major components of successful new product introduction. The Legal, Technical, and Commercial or marketing components are combined in the exclusive Harshaw Research Synergistic Development Process. Beginning with the S.E.L.L.® System and continuing through new product market introduction, this exclusive Synergistic Development Process constantly monitors the economic feasibility, technical feasibility, and consumer utility demand factors providing optimum market penetration potential.

Harshaw Research utilizes state of the art proprietary data mining technology. Combining sophisticated research and optimizing algorithms to extract actionable information, relationships and patterns are analyzed and presented with a specific new product development orientation.

As a result of applying this project specific analysis process, Harshaw Research recognizes five specific levels of innovation.

Level	Description	Percentage
1	Apparent Solutions	32%
2	Small Improvement	45%
3	Invention Inside Paradigm	18%
4	Invention Outside Paradigm	4%
5	True Discovery	1%

Due Diligence Research

The phrase Due Diligence has been borrowed from the procedure that bankers use to determine the credit worthiness of a particular client's portfolio. The proprietary Due Diligence Research process utilized by HRI is structured to provide a comprehensive analysis of key elements that may be utilized by both our firm and our client in determining the advisability of further strategic development. In general the HRI Due Diligence process is essential in defining the potential to provide a monopolistic business environment creating a significant new product development opportunity for the mutual benefit of HRI and its clients.

Dependant upon the complexity of the project being considered, the proprietary Harshaw Research Due Diligence process will be completed as expeditiously as possible without jeopardizing the integrity of the analysis provided.

It is imperative that the HRI Due Diligence process establish a foundation that is comprehensively sound in addressing the “Investment In Innovation” decision. Essentially this involves a diverse professional team gathering a broad base of data which is selectively translated to actionable information and analyzed from three perspectives:

Legal, Technical, Commercial

Within the initial segment of the proprietary Harshaw Research Due Diligence process, significant focus is placed on prior patent activity. Data is accumulated from the files of the Untied States Patent and Trademark Office, including both active and expired patents. Additionally, International Patent Research is completed to provide an overview of any foreign products that may be of a competitive or complimentary nature. Patentability of the project is certainly addressed; however, more importantly, the analysis process is designed to determine if a monopolistic business environment exists based on the unique utility the new concept presents.

Additionally, it is imperative that the public domain be examined with sufficient scope to identify any competitive or complimentary products that demonstrate market penetration outside the protection process provided by the United States Patent and Trademark Office. Obviously this information base is extremely broad; however, a thorough analysis of public domain information is critical as further strategic development is contemplated.

The final component of the proprietary Harshaw Research Due Diligence process involves market size and scope. This element merits significant consideration in that it provides both HRI and client a mutual comfort level with commercialization potential.

Timing is Critical

During the Investment In Innovation research and analysis process, timing is no doubt the most important single issue. Based on over thirty years of business experience, it is imperative that the new product development pathway be pursued as aggressively as possible considering the inevitable time constraints that exist within the patent process itself. Once the unique and proprietary S.E.L.L.® System Analysis has identified a potential new investment opportunity, the results are provided to our client with an indication of the action required to proceed within a reasonably short time frame. Additionally, the Harshaw Research Due Diligence process, although requiring extensive and comprehensive research and analysis, is completed expeditiously. Assuming the results provide a positive indicator that warrants further strategic development, Ideation, Concept Design Engineering and a Market Driven Patent Application will all be guided by economic reality placing great emphasis on the “Timing Is Critical” philosophy.