NovelIC, as a high-tech innovative solutions company, has two business approaches:
- NovelIC IP core based business approach
- General business-to-business custom solutions design
IP Core-Based Business ApproachExisting IP cores are tailored and integrated in the innovative systems and products of our Partners. It is typically implemented within application-related partnerships with our Partners and leading Customers. The Partners or leading Customers receive full service support to provide the innovative products timely on the market. This includes system design support, sub-systems design and optimization, system integration support, system testing support, system validation support, field trials support, as well as end customer application support.
NovelIC can provide long term final product support.
General Business-to-Business Custom Solutions Design
Within general high-tech B2B custom solutions design, NovelIC established two main cooperation models:
Outsourced Design Centre
The customer books a design team with 1 to 6 members for dedicated number of months. The team size is chosen in such a way, that NovelIC project management may ensure the efficient work on specific goals. The team works on the project where the specifications may be redefined during the all the phases and where the priorities of the work may also be dynamically reordered by demand of the customer. The team uses the tool licences by remotely accessing the customer’s licence pool. This flexible approach provides significant planning security for both the customer and NovelIC. Therefore, very attractive cost of engagement may be achieved by long-term assignment.
With this model, taking our Analogue IC Design group as an example, at least 50% of the Germany/USA/UK/ cost savings may be achieved, keeping the same level of productivity. In contrast to far-shore outsourcing in Asia, NovelIC provides Central European working style and productivity, very high education level (several PhDs on the board), and capability of face-to-face meetings on the customer’s site within 24 hours after agreed. The NovelIC’s location is 1-2 hours flight away from major European capitals.
This cooperation approach is very suitable if the customer itself has their own design resources and local Project Manager. If the customer puts in for having an external team coordinator working on their side, NovelIC may provide this dedicated person in the same package. NovelIC is not “body shopping company” with consultancy business model. However, NovelIC may provide experts to get to provide consultancy on what and how something needs to be done or to support some specific product integration at customer ‘s sites for a certain limited amount of time.
Task-targeted Turnkey Solutions
(Design and Implementation of a subsystem or group of functionalities)
The customer agrees on the design target to be achieved with frozen or semi-frozen specifications. The planning and quote with target costs are also agreed initially. The progress is controlled and managed weekly. Regular payments are performed. This approach guarantees compromise in adopting specifications changes by reaming the cost and time plan in the reasonable corridors. If the fixed price is agreed, all design risks is integrated in the NovelIC quotes, and all specification changes are treated as Engineering Change Orders. Fixed price design may be more expensive compared to target price design.
Both models include Project Manager - a signal point of interface between NovelIC and the customer with technically reliable reporting on regular basis. Regular face-to-face meetings at both customer’s and NovelIC’s working sites are also included in the both models, where dynamics depends on the project size and content.
In parallel NovelIC is in process of making its own product design. All parties interested in NovelIC’s dedicated solutions are welcomed to contact us. We are open to discuss the risk sharing options, as well as time-limited exclusive access to the technologies for the product implementation.