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Innovation and a healthy garden july 17 2013

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The first AcceleratorU Summer of Innovation, Speaker Series event.

The first AcceleratorU Summer of Innovation, Speaker Series event.

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  • 1. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 1 Welcome Summer of Innovation
  • 2. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 2
  • 3. Summer of Innovation : Our Program Sponsors
  • 4. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 4 Agenda   12:00 Welcome/ Networking Luncheon 12:30 Innovation & A Healthy Garden 1:15 Moderator Dialogue &Table Conversations 1:45 Summary & Evaluation
  • 5. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 5 We  are  all  in  Good  Company   Attendees hail from organizations with diverse backgrounds: Drive value through innovation Talent Common Goal
  • 6. Our Vision: We create a smarter world through action-oriented and sustainable innovation by and for the masses. Our Mission: To deliver on-demand actionable learning content that accelerates innovation capacity on a global basis. A Bit About AcceleratorU Our Approach Complement and strengthen the current global private and public venture and innovation eco-system through a high- scalability, low-overhead, on-demand array of SaaS based learning offerings that provide higher service and inclusion levels as well as faster tangible results
  • 7. AcceleratorU’s business model is rigorous in order to realize results. •  Agile & Lean •  Adult Learning •  Action oriented •  Market-adoption •  Easily adopted Domain Applicability Our core methodology and focus is on high technology as well as non technology products, services, consumer products, NGO and non-profit initiatives
  • 8. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 8 Agenda   A Sponsor of Summer of Innovation Speaker Series .. A little about us
  • 9. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 9 Helix  specializes  in  Innova9on  &  Growth     • Strategic and Innovative • Proven innovation • World-class Talent • Collaborative to the Core Helix Commerce is a global strategy boutique firm specializing in business innovation and Collaboration growth acceleration services. • Incorporated in 2003 • Strategy to Implementation services • Customers from diverse industries • Alliances with Tier 1 firms • Global thought leadership • Local community leadership
  • 10. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 10 Consulting Services Commercialization Cluster Intelligence Cluster Community Cluster • Feb 2013 Technicity, 2013 • Nov 28t 2012 Technicity • May 2012 Virtual Knowledge Everywhere • June 1 2011 Intelligent Canada • April 20/10 Applied Innovations • Oct. 15/09 Innovation Conference Research Publishing Center • World-class research source Education Center • Customized Innovation, NPI, Collaboration, Social Media • Helix is an Alliance Partner of Accelerator U • Dr. Cindy Gordon is a Co-Founder of Accelertor U A  Li?le  About  Helix   Trust Collaboration Innovation We have five main business lines: • Innovation • Business Transformation • Collaboration, KM & Social Media • Crowdfunding • Ideas & Inspirations www.helixcommerce.com http://stores.lulu.com/helixcommerce
  • 11. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 11 Select  Helix  Clients  
  • 12. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 12 We  care  about  our  community  health   Dr.  Cindy  Gordon,   Vice  Chair,   iCANADA   “Intelligent  Communi-es”   Dr.  Cindy  Gordon,   Na9onal  Chair/Founder   Invest  CrowdFund  Canada   CATA    Professional  Associa2on   Dr.  Cindy  Gordon,   Na9onal  Chair/Founder   CANWIT   Women  in  Tech   Professional  Associa2on   2012     Governor  General  Award     Queen  Elizabeth  II  –  Diamond  Jubilee     Medal  Recipient  –  Dr.  Cindy  Gordon   Innova2on  Category:  Collabora2on   Dr.  Cindy  Gordon,   Board  Director   Professional  Associa2on   Interna2onal  CfPA   Crowdfunding  Professional   Associa2on  
  • 13. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 13 Summer of Innovation Speaker Series #1 Innovation & A Healthy Garden
  • 14. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 14 A  Summer  of  Innova9on  
  • 15. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 15 Innovative companies outperform their less innovative counterparts 11.1% 3.4% 0.4% Margin Growth Stock Returns Percent (1995–2008) S&P 1200 Global Stock Index Innovative Companies Innovative Companies The  Innova9on  Impera9ve   15 10 5 0 Source: Business Week
  • 16. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 16 Innova9ve  Companies  Value  Human  Capital    
  • 17. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 17 Innova9on  increases  with  Collabora9on  Capacity   Organiza2ons  that  invest  in   Collabora2on  &  Stronger   Human  Capital  prac2ces   increase  their  organiza2on’s   capacity  3-­‐4X  in  innova2on   outcomes.  
  • 18. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 18 • Canada does not take the steps that other countries take to successfully commercialize ideas. • Growth for Canadians is rooted in a nation’s innovation capacity and its productivity excellence. • Developing a balance between these two forces is a real challenge. Canada:  Innova9on  Crisis   Source: “How Canada Performs - A Report Card on Canada”, Conference Board of Canada, 2012 • Canada ranks 13th out of 17 countries • Gets its worse grade - “D” - in the innovation category • Dropped two more indices in 2012
  • 19. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 19 “Innovation is an emerging core competency. Leading enterprises will have a dual focus: embrace the innovations of others and drive the marketplace with their own innovations. Active management of innovation will become a required competency for all enterprises during the 2012 – 2014 planning horizon (Gartner)” -­‐  A  corporate  culture  that  knows  how  to  profit  from  innova2on  is  a   company's  best  sustainable  compe22ve  advantage.     -­‐  Innova2on  is  not  just  about  good  ideas;  it's  about  uncovering  crea2ve   ideas  that  make  money.     -­‐  The  capacity  for  con2nuous  innova2on  requires  the  integra2on  of   management  processes.     -­‐  The  key  to  growing  innova2on  is  to  op2mize  the  overall  performance  of   the  value  chain  by  improving  the  components  themselves  and  the  links   between  them.     -­‐  Technological  innova2on  cycles  affect  how  innovators  take  risks  and  how   consumers  adopt  new  methods.   -­‐  Managers  who  track  innova2on  characteris2cs  (capability,  complexity  and   network  effect)  can  get  a  jump  on  their  compe22on.   -­‐  Enterprise  innova2on  is  a  compe22ve  differen2ator  in  the  knowledge   economy.       Canadian Leaders must  increase  innova9on  competency   19
  • 20. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 20 Execu9ve  Views  on  Innova9on   Sources: IBM Innovation research, Innovation as a Nation research, McKinsey research, Helix Research, 2012 Culture: 94% say that people and corporate culture are the most important drivers of innovation. Drivers: More than 70% of senior executives say that innovation is one of their top three growth drivers Stimuli: Over 65% of executives are disappointed in their ability to stimulate innovation Methods: Majority of companies do not have best practice processes to seed and cultivate innovation
  • 21. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 21 Discovery: Innovation A Summer Perspective
  • 22. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 22 What does this tell us?
  • 23. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 23 Innovation in a Garden is Fragile
  • 24. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 24 Innova9on  is  fragile..  Takes  9me  like  garden  seeds   •  Some seeds require more than one year to germinate. •  Others, called multi-cycle germinators, require at least two cold stratification periods before germination; the hellebores are one example. •  Most members of the Ranunculus family require temperatures very close to the freezing point of the seed (~19ºF) for destruction of germination inhibitors. •  Some seeds, like Cimicifuga require a long period of warm stratification before cold treatment. •  Other seeds, like Myrrhis must be sown outdoors.
  • 25. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 25 Innova9on  is  oSen  best  not  seen:  It’s  very  fragile  
  • 26. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 26 Innovation needs Growth Capital Angel & Venture Capital Support Entrepreneur & Startups Existing Businesses Community Participants & Initiatives Municipal Staff & Initiatives Government & Municipal Funds Researchers & Student Innovators Accelerators & Incubators Financial Sector Funding •  >85% will go without adequate funding support (if any) •  Current sources are NOT suitable for early stage, impact focused innovation •  Declining sources of capital to fund community projects •  Lack of capital to support entrepreneurs with their product launch needs Sources of Capital Private Sector Funding Sources of Innovation, Impact & Change
  • 27. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 27 Crowdfunding  is  filling  a  funding  gap   $2.7B $5.1B $1.5B 2011 2013 Source: Massolution Report 2013 The market grew 81% in 2012.
  • 28. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 28 Innovation Emergence Case: iFUNDWaterloo The First Canadian City Crowdfunding Highway iFundWaterloo launched on Canada Day, July 1 2013 – First City to embrace crowdfunding in Canada. iFundVancouver iFundCalgary iFundEdmonton iFundRegina iFundWinnipeg iFundToronto iFundOttawa iFundMontreal iFundQuebec iFundStJohns iFundHalifax A crowdfunding highway developed in partnership with cities, & municipalities, with strategic sponsors to connect citizens coast to coast to pursue projects of interest to raise funds & also support innovation needs via learning aids & access to funding possibilities to sustain growth in local communities.
  • 29. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 29 The  City  of  Waterloo  uses  ci9zen  crowdfunding.   Partnering with The City of Waterloo with iCrowdFundSocial Media Inc. was launched in the Summer of 2013 as a further demonstration of intelligent city innovation. Visit www.ifundwaterloo.ca
  • 30. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 30 City of Waterloo 1st Campaign •  Charity:  Au2sm  Dog  Services   •  Costs  them  $5,000  for  a  liber  of   puppies/yr  to  train  to  be  a  service   dog  
  • 31. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 31 Columbia: Bogotá = The Sky is the Limit •  In Bogotá, Colombia's capital city, crowdfunding will build a skyscraper. •  Donations of 300,000 residents contributed a total of $171.9 million for a 66 Story Building. •  Project Value was $239M: citizens now own a little piece of a skyscraper.
  • 32. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 32 Last 10 Years innovation has focused on offerings….. Hi Lo Volume of innovation efforts Last 10 years Source: Doblin analysis Core process Process. Enabling process Business model Finance Networking Product performance Offering Product system Service Channel Delivery Brand Customer experience Innova9on  Investment  Spread  
  • 33. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 33 Innova9on  Results   Hi Lo Cumulative value creation— Last 10 years Source: Doblin analysis Core process Process. Enabling process Business model Finance Networking Product performance Offering Product system Service Channel Delivery Brand Customer experience Pareto revisited: Less than 2% of projects produce more than 90% of value…
  • 34. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 35 What does this tell us?
  • 35. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 36 Innovation Competency Development requires both structured and unstructured practices. © 2011 Information is not to be copied without permission by Helix Commerce International Inc. 36
  • 36. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 37 Innovation: What do you see in this picture?
  • 37. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 38 Innovation: Conventional Wisdoms Must be Challenged Creativity is the key to innovation Rigor, discipline, and constant experimentation are the keys, feeding creativity. Act like a start-up You are not a start-up, pretending to be one will cause problems, instead act like a VC Be consumer-focused; don’t let today’s market constrain thinking Be market-focused Generate new ideas through diverse, divergent teams Develop strong, cohesive teams Lead innovation from the top with culture alignment & leadership for barrier removal. Originate innovations from the bottom! 1 2 3 4 5 Get it wrong; tolerate imperfect, and iterate toward success. Get it right!6 Conventional Wisdom The Reality! 38
  • 38. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 39 Innovation: Measurement Stepping Stones
  • 39. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 40 Evolu9on  of  Innova9on  Metrics   1st Generation Input Indicators (1950s-60s) 2nd Generation Output indicators (1970s-80s) 3rd Generation Innovation Indicators (1990s) 4th Generation Innovation Indicators (2000+emerging focus) •  R&D expenditures •  Personnel •  Capital •  Technology Intensity •  Patents •  Publications •  Products •  Quality Changes •  Innovation surveys •  Indexing •  Benchmarking innovation capacity •  IT budget as a % of revenue •  Knowledge Assets •  Intangibles •  Networks Demand •  Network Clusters •  Management Techniques (i.e.: Scrumming, Agile Development, Appreciative Inquiry, Balanced Score Card..) •  Risk/Return •  System Dynamics •  Time (Speed to Market) (T2M) •  Time to Scale (T2S) •  $ in Collaboration •  Culture Health (Trust, Reciprocity, Collaboration, Reflection & Renewal, etc)
  • 40. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 41 Innova9on:    Leading  Measurement  Prac9ces   Based on Helix’s leading practices, innovation measurement should include a mix of three types of measurements: inputs, process performance and outputs. Typically no more than 8-12 metrics. Inputs – financial resources assigned to innovation (5) of total employee pool, what % of time resources have to focus on innovation in their day to day jobs Performance – number of ideas generated to improve business innovation, how ideas progress in an innovation funnel from one stage to the next in your innovation process, how many get bogged down, or cancelled Outputs – cash profits, indirect benefits from the innovation generates, indirect benefits: knowledge acquisition, brand enablement, etc. We also recommend that companies analyze four key factors that support or hinder innovation returns: start up costs, time to market, time to volume, support costs. These four factors can be mapped onto a cash curve, which can help companies track cumulative cash investments, and returns, both expected, and actual. • 73% of senior executives believe that innovation should be tracked as rigorously as business operations • Over 50% of companies use less than 5 metrics. Source: (BCG Study, 2012)
  • 41. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 42 Helix’s  -­‐  10  fundamentals  on  innova9on  measurement.   1.  Measure inputs, outputs and outcomes – qualitative and subjective measurement should be acceptable. 2.  Innovation measurement is continuously improving and never in a fixed state. 3.  Measurement should be able to be broken down into each level of group, enterprise, industry, region, country, etc. 4.  Don’t obsess over one metric and lose sight that innovating and creating value is the goal, not hitting a certain number. 5.  Profits from an innovation can be a long time coming and depend upon many factors, some outside the innovator’s control. 6.  An innovation may be ahead of its time. 7.  Innovation may require extensive development, but also look for ways to scale beta tests in order to learn more quickly and affordably. 8.  Innovation may require extensive investments in infrastructure. 9.  Innovation often involves failure: o  Innovation’s first steps are likely to be tentative and wrong. o  Failures can be turned into learning opportunities. o  Failure must, of course, give way to success in order for customers, not to mention your staff and investors, to benefit. 10. Innovation thrives in a culture that rapidly shares insights from success and failure across the company.
  • 42. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 43 Innova9on:  Observe  Your  World  with  All  your  Senses   •  Although  the  mind  is  a  wonderful  contrap2on  of   memory,  it  is  an  even  beber  creator  of  distor2on.     •  Distor2on  can  inform  innova2on  by  making  new   connec2ons  to  seemingly  disparate  informa2on.     •  None  of  that  is  possible  without  a  wide  range  of   sensory  input.     •  Innovators  need  to  touch,  smell  and  feel,  to  listen   and  to  watch,  to  incorporate  all  facets  of  what   they  observe   •  Which  is  another  reason  to  collaborate:   innovators  never  know  what  they  need,  and  they   may  be  surprised  by  who  brings  it  to  the  party.   •  A  Healthy  Garden  is  a  good  place  to  strengthen   our  innova2on    
  • 43. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 44 Innovation = A Healthy Garden
  • 44. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 45 Summer of Innovation Thank You
  • 45. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 46
  • 46. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 47 Agenda   12:00 Welcome/ Networking Luncheon 12:30 Innovation & A Healthy Garden 1:15 Moderator Dialogue &Table Conversations 1:45 Summary & Evaluation
  • 47. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 48 Modera9on  &  Group  Table  Dialogue   •  Introduce  Yourself     •  Discuss  Your  Experiences   in  Innova2on  :     •  What  Worked?   •  What  Did  not  Work?   •  What  Did  you  learn  to   help  you  grow   healthier  business   gardens?  
  • 48. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 49 Agenda   12:00 Welcome/ Networking Luncheon 12:30 Innovation & A Healthy Garden 1:15 Moderator Dialogue &Table Conversations 1:45 Summary & Evaluation
  • 49. Summer  of  Innova9on  Programming  
  • 50. Our  Summer  of  Innova9on  Speaker  Series  –  Inspire,  Educate,  Excite  
  • 51. Summer  of  Innova9on  Venture  Series  –  Ideas  to  Valida9on   First Programs Start The Week of July 22 Register Now! Code soiprt50 = 50% off venture programs & speaker series! Just for you participants
  • 52. Summer of Innovation : Our Program Sponsors
  • 53. © 2013 Property of Helix Commerce International Inc. Not an offer of sale. 54