An Innovation Market Can Find Your Next Winner

Destination Innovation

How do you choose which of your great ideas should get the money and people needed to bring it to market? But if you do not have such an app or you just want something more immediate and engaging then try setting up an innovation market. Image by Martin Winkler on Pixabay.

An Openly Innovative Attitude.

100%Open

As a “newbie” to the innovation sector, I have to admit I had some help from the jargon buster. I’ve also come to understand that open innovation is no longer a novelty concept, rather a part of the culture at the heart of many companies, including Carlsberg , Argos , and Oxfam. This openness is helping them challenge conservative approaches thus, stand out from their competitors. Opening innovation up.

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Three Flavours of Open Innovation: breaking down institutional boundaries through the X-Factor, Speed Dating, and iOT

Imaginatik

A great deal of activity has been happening under the topic of ‘open innovation’, however we have found very different initiatives launched by our clients that challenge a common definition of the term. From this cross-client perspective we understand a broad set of practices and ambitions for open innovation, which we can begin to place in patterns of approach or flavours. We have just peeked at three different flavours of open innovation.

10 Commandments of Corporate (Open) Innovation

CREATORS

At CREATORS, we work with wonderful corporations who are market leaders in their markets. They have amazing teams and talented individuals, endless resources and extensive market knowledge. Yet, they are failing at corporate innovation. We believe that it doesn’t take a lot to do innovation better. Here a few rules companies can adopt instantly to get better at open innovation in no time! Corporate Innovation Rules 1.

Why is it Important to Get to Market Fast

IdeaScale

Technology moves at the speed of innovation. There are two huge reasons why it is important to get to market fast: to be the first and money. Get to Market First. If you release your product after they have released theirs, you will seem as though you are a follower, and not an innovator in the field at all. In order to stand out, you must do everything you can to expedite the process of innovating in order to be the first to market.

How Vodafone produced service innovation from their marketing campaign

Be-novative

The multinational telecommunication company had novel thoughts for revamping the marketing plans for its youth-focused package, Vodafone You. Beyond being hip and trendy to appeal to young customers, the Vodafone marketing team realized that to establish a deeper connection with Generation Z, they need to tap into the characteristics and values of these digital natives, being: a passion for entrepreneurship, co-creation, openness, and self-fulfillment.

Ideation Collaboration Software – Did you know your innovation software is an amazing collaboration system?

eZassi

Ideation Collaboration Software: Killing three or more birds with one software. We often find that our prospects and clients are amazed that our innovation software platform replaces or can replace what they need in an ideation collaboration software, killing three or more birds with one software. Here’s how… Ideation Collaboration Software: Unlimited collaboration projects. Ideation Collaboration Software: A collaboration platform that leads to innovation.

Intel & Innovation – IT Industry Giant Launches Qmarkets’ Ideation Platform Across Strategic Business Units

Qmarkets

The Intel Business Innovation Team has launched Qmarkets’ award-winning idea management platform to collect innovative ideas and solutions from employees of specific internal business units.

Intel & Innovation – IT Industry Giant Launches Qmarkets’ Ideation Platform Across Strategic Business Units

Qmarkets

The Intel Business Innovation Team have launched Qmarkets’ award winning idea management platform to collect innovative ideas and solutions from employees of specific internal business units.

The death of the 20th Century corporation

Matthew Griffin

However, while many organisations know that the people who could help them create the next blockbuster or break the next market sit outside their walls they also knew that unless they could find and hire them then that IQ would remain tantalisingly out of reach. Today over 180 Unicorns, a Venture Capitalist term for a start up that reaches a billion dollar valuation within a few years of opening its doors have disrupted every industry and created new markets worth over $1.5

Idea Drop listed in Gartner Innovation Management Tools Market Guide

Idea Drop

According to Gartner, “The major benefits associated with innovation management tools are stimulating engagement and participation in user-friendly, social and mobile environments (such as through gamification techniques), and directing creativity toward business needs. They also help in structuring and managing each stage of the ideation process with clear objectives, metrics and decision-making tools. Idea Drop makes the innovation process effortless.

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Accelerate Innovation? Change Your Velocity

eZassi

External innovation groups seldom receive adequate internal resourcing to effectively drive enough innovation initiatives to be sustainable. Honest self-assessment is the required first step in growing a world-class internal innovation organization.

The rise and rise of Entrepreneurs

Matthew Griffin

Entrepreneurs have faster and easier access to funding, expert resources, advanced manufacturing and prototyping techniques and rapid routes to market and when you connect billions of people together the next great idea and the means to resource, develop and sell it are merely a click away. Google’s new product initiatives though have helped it increase earnings by $6 billion over the past 5 years but during the same period small start ups have created new markets worth over $1.5

Seven Essentials of an Effective Innovation Project Manager

Gregg Fraley

Outsourcing innovation project management might be the most strategic money you spend this year. But first: If you’ve not got an innovation plan in the process of being executed, right now, you are treading water and will eventually drown. So what’s stopping you from kicking off an innovation initiative? What I hear from top management: “we don’t have the time or resources for innovation projects, we’ll start later this year.”

Principles of open innovation

hackerearth

There are all examples of open innovation (OI) at its best. Popularized by Henry Chesbrough,“Open Innovation” term refers to the broad concepts of leveraging external sources of technology and innovation to drive internal growth. As opposed to traditional closed models where companies use primarily internal resources to drive innovation, in the newer open models, knowledge crosses an organization’s boundary for commercialization in new or existing markets.

The secrets behind building a Unicorn

Matthew Griffin

What does it take to create a Unicorn – a company that achieves a valuation of $1 Billion or more within five years of first opening their doors and why are there more of them than ever? Today it’s unlikely you’ll go more than half an hour without bumping into a Unicorn or their close cousin the Super Unicorn – a Venture Capitalist term for startups that have soared to $1 Billion to $100 Billion valuations within five years of opening their doors.

Inside One Multinational Bank’s Strategy for Fintech Expansion

Rocketspace

Corporate innovators within financial services companies experience some of the biggest compliance and legal hurdles than any other business sector. Put simply: in order for a bank to survive and remain relevant in an ever-evolving market, experimentation and rapid iteration are a must. One challenge that corporate innovators face is how to jump over a major organizational hurdle—the barrier between ideation and innovation.

The Banks Guide to scouting Fintech

Matthew Griffin

Their teams have pre-prepared briefs, mapped against Emerging Technology and Societal trends and they’ll scour social media, Private Equity firms, Venture Capitalist companies and regional Fintech Innovation Accelerator communities like Innovate Finance, Finextra, FinTech50, Startupbootcamp and TechStars to find their new match but it doesn’t stop there, they’re not averse to flying young Fintechs into the UK en masse to take part in speed dating events.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation.

Have the Banks already been Disrupted?

Matthew Griffin

Over the past two weeks I’ve talked to a number of senior C level executives from some of the UK’s largest retail banks to understand more about their views of the world and their perception of the market and while outwardly little looks like its changing at the Big Five banks their executives are not sitting comfortably. “Banks were once the corner stone of the community but today their industry is being disrupted and disintermediated.

Training is an Innovation Accelerant II

Gregg Fraley

Do You Wish To Accelerate Innovation? When I step into a room to facilitate an innovation, strategy, or idea generation session I always find a great deal of energy. Inexperience in: the kind of divergent thinking necessary to innovate, in specific meeting behaviors and facilitation skills, and in innovation process, approaches and frameworks. Here are details regarding innovation courses you can attend in the near future, Denver, August 28 – 31.

4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Learn 4 Ways to Amplify Digital Innovation in 2018. The challenges facing innovation leaders, facing 2018 is — how do you integrate new digital capability? This is not innovation as we once knew it. This is not your Dad’s innovation. It’s not even Your Innovation of five years ago? How do you innovate across your entire value chain? How do you integrate all this new fancy stuff into strategy and ideation to create actual projects?

Trends in Innovation in the Chemical Industry

Yet2

In mid-May, yet2 sponsored the NPD and Innovation in the Chemical Industry conference , organized by the European Networking Group. Geoffroy de Chabot-Tramecourt , director, R&D and Business Development, Janssen gave a stellar presentation, “ Janssen PMP: An Evolution in Innovation Management.” de Chabot-Tramecourt explained to the audience how innovation has changed at Janssen over the years and how they handle the specific challenges of: Higher regulatory requirements.

Change the Bank: banking industry rules are changing

mjvinnovation

We have no way of answering that question, but we know that the truth is this: the rules of the financial market are changing, and it’s no surprise. Open Banking is a game-changer that alters the entire configuration of the banking sector. New Business Model Open Innovation

Can Crowdsourcing Help to Break Down the Biggest Obstacle in Market Research?

Qmarkets

So market research was invented. While no method is perfect and companies continued to miss key shifts in customer wants and needs, it’s undeniable that well-executed market research has been very effective at letting companies see over the wall that separates them from their customers and develop innovative new products and services. But for all the good things that can be said about traditional market research - and there are many - it remains a wall-jumping tool.

Can Crowdsourcing Help to Break Down the Biggest Obstacle in Market Research?

Qmarkets

So market research was invented. While no method is perfect and companies continued to miss key shifts in customer wants and needs, it’s undeniable that well-executed market research has been very effective at letting companies see over the wall that separates them from their customers and develop innovative new products and services. But for all the good things that can be said about traditional market research - and there are many - it remains a wall-jumping tool.

Innovation Budget Planning: 8 Things to Consider

eZassi

As you start Innovation budget planning, Here are eight things to consider: When it comes to Innovation and R&D fiscal year budget planning, it’s typically a laborious process that spans several months with business model canvases, business cases, proposals and pipeline discussions. As Forbes magazine mentioned in an article last year “The presumption is that R&D spending is somehow connected to increased innovation, revenue growth and profits.

Disaster: CEO’s Ignoring Digital Innovation

Gregg Fraley

Does Any CEO Have the Luxury to Ignore Digital Transformation and Innovation? Innovation + Business + Technology = Digital Leadership. There is amazing opportunity for digital innovation and organizations that adapt have the potential for huge growth and success. Even those organizations with existing continuous improvement and innovation programs need to amplify and expand their efforts. The innovation effort alone is complex.

8 Successfactors of Organizing a Global Hackathon

Be-novative

Best practices from the Global Aegon Hackathon, 2018 As innovation SaaS platform provider, our goal is not just to support companies in making better products and services for the future. We have talked about the most important aspects of organizing a successful hackathon with Henrik, Open Innovation Specialist in Be-novative on the second day of the Aegon Hackathon. innovation-management open-innovation design-thinking disruptive-innovation hackathons

Where Are You on an Innovation Scale?

CREATORS

In this article, we share Creators’ experiences and market observations to give you a brief overview of a typical corporate innovation journey. In today’s constantly evolving markets, the need for innovation is as important as ever. Every company wants and needs to be innovative?—?“able?—?over to create value and sustain/increase the market share by making changes to product portfolio, business models and company structure”. Innovation Champions?—?is

How Innovation Management Contributes to The Success of Digital Transformation

Acuvate

Innovation management is one of the crucial contributors to digital transformation, along with a few other factors. Digital innovation is driving increasing interconnection, giving unprecedented access to capabilities, resources and talent on a global scale. One of the best examples is Netflix; it stirred a digital change and steadily observed growth in its revenues and market share. Noticeably, innovation is the buzzword in the success formula of these applications.

Calculating the ROI of an Idea: Ideas That Saved Time

IdeaScale

Crowdsourcing and open innovation initiatives are vital by bringing vast stakeholders together to share ideas on complex problems and opportunities. One of the top innovation management topics I run into is evaluating the Return on Investment (ROI) for an idea.

What Are Innovation Solutions?

eZassi

Innovation Solutions. What Are Innovation Solutions? While we tend to think of innovation in terms of new technology, solutions can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services so that the best solutions tend to be a combination of technology and services.

Customer Feedback 101

Collective Innovation

Open Innovation. The idea behind open innovation is allowing everyone a voice in the process and it’s an essential aspect for any company wanting to be able to move quickly with market tastes in the 21st century. With open innovation customers are actively involved in ideas for new products or improving existing ones. The goal is always the same which is to create an open atmosphere where people can share their thoughts and feelings.

Designing Unique Workshops is hard work

Paul Hobcraft

Finding opportunities for Innovation and Growth is hard work. I believe any design of workshops must meet your needs, to push the thinking and to generate new returns in innovation understanding. Which end of the innovation spectrum do we need to go?

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Why Your Innovation Funnel Needs an Overhaul: A Step-by-Step Guide

Qmarkets

Traditionally the Innovation funnel is a stage-gate process that organizations use to define their approach to ideation. A Unique Innovation Funnel Qmarkets’ Innovation Ecosystem a unique innovation funnel that includes the full spectrum of innovation activities.

We Require A Shift of Innovation Management Solution Providers

Paul Hobcraft

There is still a real reluctance that the supplier of innovation software solutions has to change. They have had a model of a constant growth success for years but it is getting harder as the market is fragmenting and looking for greater flexibility within the range of solutions. Secondly, if open innovation has gone way beyond a one to many relationships into a many to many then does the reliance on single entity software provision makes sense?

Qmarkets Partners with hpo management consulting to Strengthen DACH Enterprise Innovation Management Offering

Qmarkets

Qmarkets has launched a partnership with Swiss-based strategy and innovation consultancy hpo to strengthen strategic innovation activities in medium and large enterprises in the DACH region.

Why Your Innovation Funnel Needs an Overhaul: A Step-by-Step Guide

Qmarkets

Traditionally the Innovation funnel is a stage-gate process that organizations use to define their approach to ideation. However, here at Qmarkets we believe that this is only one part of a greater innovation funnel.

IdeaScale CEO Shares Innovation Tips with SuperbCrew

IdeaScale

Rob Hoehn is the co-founder and CEO of IdeaScale, maker of world-class cloud-based innovation software. From his background in crowdsourcing software as part of the open government initiative, Rob and co-founder Vivek Bhaskaran founded IdeaScale, which was promptly adopted by 23 federal agencies. From there, IdeaScale expanded to serve many more government agencies as well as private enterprises, ultimately becoming the world’s largest open innovation software platform.

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Qmarkets Partners with hpo management consulting to Strengthen DACH Enterprise Innovation Management Offering

Qmarkets

Qmarkets has launched a partnership with Swiss-based strategy and innovation consultancy hpo to strengthen strategic innovation activities in medium and large enterprises in the DACH region.

5 Things You Need to Know About Collaborative Innovation Software

Planbox

Collaborative innovation software brings purpose, focus, and structure to collaboration to help you turn ideas into commercial value. Believe it or not, some companies out there are making collaboration into a social innovation game! Open innovation !

Qmarkets Offering Innovation Management Software to Chinese Corporates Through Wise Ocean Partnership

Qmarkets

Wise Ocean specializes in analyzing emerging market and technology trends to identify the latest innovations, with a connectivity network of resources that includes industry experts, corporate partners, and business services.