Introducing Wazoku
Idea Management
Simon Hill, CEO | Co-founder
April 2014
Who is Wazoku?
 Swahili word meaning…Great Idea!...
 Leading European Idea Management solution
 Experienced B2B leaders...
: What do we do?
 Our flagship product is Idea Spotlight
 Powers innovation within global enterprises
 Built around the...
– Ideation Flow
Available on every device
Trusted by:
Business Model
• Monthly annuity license based revenue comprising:
• Account hosting, maintenance and user license costs
•...
The Team
• 20 full-time team across all business functions; global partnerships with
including Microsoft, tibbr, CGI, Capi...
Case study
The BBC aims to place staff at the very centre of future programming
and wants to bring together more than 4,20...
Innovation at the BBC
http://vimeo.com/69740276
Wazoku
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Wazoku

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Wazoku

  1. 1. Introducing Wazoku Idea Management Simon Hill, CEO | Co-founder April 2014
  2. 2. Who is Wazoku?  Swahili word meaning…Great Idea!...  Leading European Idea Management solution  Experienced B2B leadership team – ex-Huddle & Parchment  Awards & Recognition:  Featured product in Gartner’s “Who’s Who in Innovation Management” (Jan 2013);  Smarta 100 winner;  Everline Future 50;  BCS Innovation Awards Finalist
  3. 3. : What do we do?  Our flagship product is Idea Spotlight  Powers innovation within global enterprises  Built around the concept of “Challenge led innovation” – source ideas back against focused business challenges  Highly social enterprise platform with configurable workflow for ideation challenges  Integrates with leading enterprise PaaS e.g. SharePoint (Office365), Jive, Huddle, Box etc. Business challenges Custom workflow Reportin g Gamification / Rewards Votin g Communiti esReview boards Analytics Socia l
  4. 4. – Ideation Flow
  5. 5. Available on every device
  6. 6. Trusted by:
  7. 7. Business Model • Monthly annuity license based revenue comprising: • Account hosting, maintenance and user license costs • Implementation fee • Account management and CS costs • Optional customisation costs • Optional upsell costs e.g. private communities • Average deal size: £2,500 per month • Target contract is 36 months (12 month pilot option) • Land > Expand sales model • Target 150% of value on renewal for strategic accounts • Go to market strategy: • Direct sales: UK and EMEA • Partner sales: Global
  8. 8. The Team • 20 full-time team across all business functions; global partnerships with including Microsoft, tibbr, CGI, Capita and many more • Investors: Cambridge Angels, New Model Venture Capital • Board: John Yeomans (Chairman Cambridge Angels), Robin McIlvenny (experienced angel investor), James King (MD New Model Venture Capital)
  9. 9. Case study The BBC aims to place staff at the very centre of future programming and wants to bring together more than 4,200 people across the Television division and capture their ideas for TV shows that could also encourage cross-genre collaboration and demonstrate the commercial value of programming. Within 12 months over 900 ideas submitted. Out of it: “Good programming ideas need development, feedback and discussion. Employee engagement is a key part of how the BBC operates and we believe there is a wealth of untapped creative talent which, using Wazoku’s platform customised to our specific needs, can be used to generate some fantastic TV shows.” Pat Younge, Chief Creative Officer, BBC Production
  10. 10. Innovation at the BBC http://vimeo.com/69740276

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