1. The document describes a full program and tools to launch a corporate innovation accelerator.
2. It provides examples of typical challenges companies face in innovation that the accelerator aims to tackle, such as scattered initiatives and lack of support for entrepreneurial employees.
3. The accelerator program example runs for 6-9 months and includes scoping, ideation, and bootcamp sessions using various creativity and problem-solving tools to generate and refine ideas into business cases and pitches for investment.
Boost Fertility New Invention Ups Success Rates.pdf
Corp innovation Hub Outline
1. FULL PROGRAM & TOOLS TO
LAUNCH YOUR OWN CORPORATE
INNOVATION ACCELERATOR
2. TYPICAL
CHALLENGES
WE TACKLE:
“Innovation initiatives are
scattered in our organization.”
“Our entrepreneurial people
get no real support from us.”
“Innovation should not only
start from R&D projects.”
“We need a structured process
to guide our innovation teams.”
IN GENERAL:
For enterprises that want to structure
& accelerate their innovation efforts.
3. BENEFITS OF
INNOVATION:
“Create a clearly defined structure to
develop new ideas.”
“Helps to identify and harvest the most
creative people in an organization .”
“Innovation comes from everywhere, the
cross pollination of technology and
ingenuity helps companies compete.”
“Helps to foster an organization of
thought leaders and trend setters .”
Benefits of Innovation:
4. YOUR CORPORATE SUITS WILL
EXPERIENCE THE THRILL OF
WORK IN MULTIDISCIPLINARY
INTERNAL STARTUP TEAMS.
INVESTMENT PITCHIDEA
5. EXAMPLE ACCELERATOR PROGRAM (6-9 MONTHS RUNS)
SCOPING
30 DAYS
IDEATION
30 DAYS
IDEATION
30 DAYS
BOOTCAMP
30 DAYS
BOOTCAMP
30 DAYS
BOOTCAMP
DECISION
25 PARTICIPANTS
DECISION
SELECT FOCUS AREA (S)
DECISION
INVESTMENT PITCH
3 weeks “idea generation”
with remote support
GO/
NO GO
OPEN CALL: IDEAS
& INTRAPRENEURS
OUTPUT IDEATION SESSIONS OUTPUT BOOTCAMP SESSIONS
#1 - Hundreds of ideas
- New mindset/attitude
#2 - Idea clusters (=domains)
- First prioritization
#1 - 5 concepts = 5 teams
- Clear problem definitions
#2 - Minimal Viable Product
- Validated problems
#3 - Mini business case
- Pitch deck
30-60 DAYS
6. EXAMPLE ACCELERATOR PROGRAM (6-9 MONTHS RUNS)
SCOPING
30 DAYS
INTERNAL
30 DAYS
EXTERNAL
30 DAYS
INGEST
30DAYS
VALIDATE
30 DAYS
INVEST &
RESULTS
DECISION
25 PARTICIPANTS
DECISION
SELECT FOCUS AREA (S)
DECISION
INVESTMENT PITCH
3 weeks “idea generation”
with remote support
GO/
NO GO
OPEN CALL: IDEAS
& INTRAPRENEURS
OUTPUT IDEATION SESSIONS OUTPUT BOOTCAMP SESSIONS
#1 - Hundreds of ideas
- New mindset/attitude
#2 - Idea clusters (=domains)
- First prioritization
#1 - 5 concepts = 5 teams
- Clear problem definitions
#2 - Minimal Viable Product
- Validated problems
#3 - Mini business case
- Pitch deck
iterate: use learnings & new ideas for next cycle
FINAL OUTPUT/NEXT STEPS
Investment in 3-4 new ventures
Final output/next steps
- go-to-market
- dedicated teams
- all participants
- entrepreneurial skills
30-60 DAYS
8. SCOPING
IDEATION
#1
IDEATION
#2
BOOTCAMP
#1
BOOTCAMP
#2
BOOTCAMP
#3
Together with the internal innovation leads
Set ambition level & expectations
e.g. “aim for adjacent offers for existing & adjacent markets.”
Define success criteria + expected outcome
SCOPING SESSIONS
Start from an existing pool of people vs open call to join in the organization?
Talent development goals: Mindset & entrepreneurial skills
Set up communication channels
WHO CAN PARTICIPATE?
9. SCOPING
IDEATION
#1
IDEATION
#2
BOOTCAMP
#1
BOOTCAMP
#2
BOOTCAMP
#3
Templates & tools to gather ideas from the 2500 branches
Triggers based on analog thinking (Helping identify internal innovation)
Future thinking (radical, long term)
Inspiration shots (Disruption, Next Gen,…)
Technology inspiration
Starting from Consumer Needs & Problems prospective
What-if scenarios
CREATIVITY ROUNDS (EXPLORATION)
Experience new mental frameworks
Principles of creativity & innovation
Brainstorming techniques
No judgement Mindset
OUT-OF-THE-BOX MINDSET
10. SCOPING IDEATION EXPLORATION
INTERNAL
LAUNCH
BOOTCAMP
#2
BOOTCAMP
#3
Smart copying from innovative ideas
Learn from competitors & startups
Hybrid brainstorming
Inspiration from upcoming trends
Participants create decks to look into non-conventional areas
BUILD ON FIRST IDEAS/COMPANIES
Learn to evaluate & structure ideas
Discover patterns & different domains with opportunities
First selection of most promising concepts
CLUSTER IDEAS & PRIORITISE
11. SCOPING
IDEATION
#1
IDEATION
#2
BOOTCAMP
#1
BOOTCAMP
#2
BOOTCAMP
#3
Main focus = to understand the assumed problems-to-solve
Customer journey analysis & pains
Apply Lean Startup principles
Customer development
Structure hidden assumptions (tech, bizz,…)
PROBLEM VALIDATION
Get-out-the-building for validation
Customer / user interviews
Learn how to interview users & validate assumptions
Startup culture vs corporate world
1 TEAM = 1 IDEA (DOMAIN)
12. SCOPING
IDEATION
#1
IDEATION
#2
BOOTCAMP
#1
BOOTCAMP
#2
BOOTCAMP
#3
Validate key features by building first iteration of Minimal Viable Product
Gather real world user feedback
Align with original innovation scope (adjust)
Priorities features (value analysis)
In-depth research + market scan
Framework to structure experiments
SOLUTION PROTOTYPING
Learn new tools to tests & validate concepts
Interaction with startup world & entrepreneurs
Evaluate internal obstacles (stakeholder mgmt.)
Get individual support from designers/coders/…
BUILD-MEASURE-LEARN
13. SCOPING
IDEATION
#1
IDEATION
#2
BOOTCAMP
#1
BOOTCAMP
#2
BOOTCAMP
#3
Last iteration on business model design
Explore revenue options (Decision tree)
Build mini-business cases (hands-on)
Learn from innovative & experimental business models in other markets
Pricing & cost analysis (Resources needed)
BUSINESS MODEL EXPLORATION
Presentation & Pitching techniques
Share feedback with other teams
Graphic design support to build visuals
Structure investment decision & next steps
DRY RUN PITCH
16. Benefits of
Innovation: Full
writing
Building an Internal Innovation Hub provides:
1. A clearly defined structure to develop new ideas and a pathway for
bring them to market. Successful products developed can easily be
integrated into American Pacific's existing production virtually ensuring
success for the creators.
2. Harvest the creativity of people already committed to your
organization and encouraging them to keep innovation in house helps
to create a culture that is focused on innovation while embracing
failure. Every idea is not going to be a hit and management has to
know that, but great omelets require broken eggs.
3. Innovation can come from anywhere. It provides cross pollination
for technology being innovated internally and externally . A close
collaboration between marketing, sales, back office, management and
Innovation is key to success.
4. Connecting with customer needs by listening to social media. This
provides a sphere of influence approach not a top down pyramid
approach.
5. Don't be afraid to begin innovating products on the fringes just
outside your core space. Listening to Social Media conversations will
give you insights to pain points in other areas of the process that may
be addressed.
An Internal Innovation Hub is key to keeping and attracting the type of
talent that will be necessary to remain successful now and into the
future.
.