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Open Innovation is Eating The World

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Lessons and samples from the world's largest open hardware community about sharing, innovation and best practices.

Published in: Devices & Hardware
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Open Innovation is Eating The World

  1. 1. Open Innovation Is Eating the World Adam Benzion Co-Founder & xCEO of Hackster.io An Avnet Company
  2. 2. Everything I’ve learned from our users and partners at Hackster, one of the largest hardware communities earth.
  3. 3. 500,000+ Engineers & Makers 15,000+ Published Projects 200 Technology Partners #1 Fastest Growing HW Community Hackster is an open innovation platform
  4. 4. Create A Place That’s Open. Create a Space for Sharing. Faster Innovation = Open x Shared
  5. 5. “All our patents are belong to you” Elon Musk Tesla Motors
  6. 6. Old rules out. Operational chaos in.
  7. 7. I asked the CEOs and VCs of thriving hardware startups and open source hardware platforms the following question: “What are your favorite best practices or tools that keep you innovative and faster than yesterday?”
  8. 8. 1Innovation is a North Star Define it and embrace it at every level, especially management. Bake it into metrics and KPIs that reward both wins and fails on route to your destination.
  9. 9. 2Commit to Product Market Fit When you commit to a genuine product market fit, almost everything else can be figured out. Risks with new categories will be mitigated if customers truly love your product.
  10. 10. 3Explore Non- Validated Ideas Non-validated ideas are your future categories or significant feature extensions that should be explored. This is how you grow, differentiate, and create a culture of renewal.
  11. 11. 4Follow Your Customers Journey Don't build ANY PRODUCT unless you are certain that at least 100 people are 100% willing and committed to pay for it.
  12. 12. Breakthrough ideas are often, not always, startups led. But quality and long term promise happens in Fortune 100. Closed Source Internally Resourced P&L High Barrier To Entry THEN Open Source Crowd Resourced VC Lower Barrier To Entry NOW
  13. 13. Try Uncomfortable Things 1. Validate new product categories on Kickstarter 2. Crowdsource unusual ideas on Hackster 3. Pay bonuses for failed attempts (Google does it) 4. Be patient with slow starts, smaller $ returns are OK 5. Try new tools, like Dragon Innovation’s Product Planner 6. Experiment with a flexible NPI process: “OpenNPI”
  14. 14. Thank You ! adam@hackster.io http://bit.ly/ADAMBENZION

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