The Process Concept Studio prototypes a new mode of collaboration between academia and industry, putting together mixed industrial/academic teams to apply novel systems methodologies in a series of focused, fast track industrial projects. In each case, the goal is to produce one or several technical solutions to a "live" industrial problem and to reduce drastically the typical time scale over which technology transfer between academia and industry occurs. In this paper, we shall summarise the last year of experience with the Studio and the four industrial projects that were undertaken. Some general conclusions on the advantages of the working mechanism are presented and one project, the "Debottlenecking of a Paints Manufacturing Plant" is described in some detail.