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Innovation Challenge

26 Sep

Use Your 2024 Budget to Spark Innovation: How Challenge-as-a-Service Prepares You for 2025 Success

by Matthew Heim
in Innovation, Innovation Challenge, Innovation Strategy Services
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[vc_row][vc_column][vc_column_text] Unlock Innovation Now and Implement in 2025 [/vc_column_text][vc_column_text] Maximize Your Year-End Budget with Challenge-as-a-Service [/vc_column_text][vc_empty_space height="10px"][vc_column_text]As we enter Q4 of 2024, many companies are looking for smart ways to allocate their remaining budget while setting the stage for success in the new year. Ezassi’s Challenge-as-a-Service (CaaS) offers the perfect opportunity to drive innovation and solve pressing business challenges before the year ends. By launching an ideation challenge now, you can gather insights and develop solutions that are ready for implementation in 2025—ensuring that your investment in innovation delivers long-term value and growth.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="10px"][qodef_separator position="center" color="#e2e2e2" width="100%" thickness="2"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="30px"][vc_row_inner][vc_column_inner width="1/4"][vc_single_image image="17607" alignment="right" style="vc_box_shadow_circle"][/vc_column_inner][vc_column_inner width="3/4"][vc_empty_space height="20px"][vc_column_text css=".vc_custom_1727268555103{border-radius: 2px !important;}"]"Launching a new ideation program can be a complex task, but using a Challenge-as-a-Service approach provides a focused, low-risk entry point. It allows companies to test the waters with minimal investment, ensuring they gain both experience and valuable insights before committing to a full-scale rollout." - Dr. Matthew...

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05 Sep

Preparing Your Innovation Budget for 2025: 8 Essential Considerations

by Matthew Heim
in Innovation Challenge, Innovation Software, Innovation Solutions, Innovation Strategy Services, Open Innovation, Technology Scouting
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[vc_row][vc_column][vc_column_text]As we move towards the final quarter of 2024, it’s time to start thinking about your innovation budget for 2025. The coming year promises to be a pivotal one, with rapid technological advancements and market shifts requiring a strategic and well-considered approach to R&D investments. Here are eight critical considerations to guide your planning.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="1/2"][vc_empty_space height="62px"][qodef_list_ordered] Understand Your Market in the Context of 2025 Trends Align Your R&D Strategy with 2025 Corporate Goals Assess Your R&D Capabilities for the Challenges of 2025 Leverage External Collaboration to Stay Competitive Apply the 80/20 Rule to Balance Risk Plan a Realistic 2025 Budget Explore Global Funding Sources for 2025 Plan for the Future with a 2025 Vision [/qodef_list_ordered][/vc_column][vc_column width="1/2"][tnc-pdf-viewer-link text="8 Essentials Innovation Budget Infographic" file="//ezassi.com/wp-content/uploads/2024/08/Preparing-Your-Innovation-Budget-for-2025-Infographic.pdf"][vc_single_image image="17672" img_size="full" onclick="custom_link" link="//ezassi.com/wp-content/uploads/2024/08/Preparing-Your-Innovation-Budget-for-2025-Infographic.pdf"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][vc_empty_space][vc_single_image image="17678" img_size="full" alignment="right"][/vc_column][vc_column width="5/6"][vc_empty_space][vc_column_text el_id="Budget1"]Understand Your Market in the Context of 2025...

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10 Jun

Innovation Management for Risk Mitigation

by Hunter O'Donnell
in Enterprise Innovation, Idea Management Software, Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Open Innovation, Technology Challenge
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[vc_row][vc_column][vc_empty_space][vc_column_text] How Much Does “Maybe” Cost?  |  Leveraging Innovation Management for Risk Mitigation  [/vc_column_text][vc_empty_space height="42px"][vc_text_separator title="The Cost of “Maybe”" border_width="2"][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="1/4"][vc_single_image image="17384" img_size="" alignment="center" style="vc_box_outline_circle"][/vc_column][vc_column width="3/4"][vc_empty_space][vc_column_text]Imagine standing at the crossroads of innovation, armed with a bold idea. Your team is ready to take the leap, but the path ahead is unclear and unstructured. Will this great idea flourish or flounder in your current organization? Is there transparency across collaborative departments to move the idea through the pipeline efficiently? The answer lies in the delicate balance of risk and reward and a structured strategy to make that determination.   “Maybe” is the cost of uncertainty—the price paid for daring to disrupt the industry. But how do you manage this risk? [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][qodef_separator position="center" color="#f2f2f2" border_style="solid" width="100%" thickness="2"][vc_empty_space][vc_column_text] Innovation Management to Navigate Risk  [/vc_column_text][vc_empty_space][vc_column_text]Use Innovation Management strategies against the paralysis of uncertainty. Here’s how it works:     Structured Exploration: Rather than jumping at every great idea, innovation management encourages a methodical approach. Define...

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innovation solutions
03 Aug

What Are Innovation Solutions?

by Stephanie Creech
in Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Intellectual Property, Open Innovation, Technology, Technology Challenge, Technology Scouting
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Innovation 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...

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27 Aug

Increase Organizational Resilience and Innovation Through Collaboration

by Dave Jones
in Collaboration Software, Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text]It's times of stress that really test the strength or weakness of an organization. During stressful times, leaders learn what the people in their organizations are made of – but also whether the systems, functions, and processes they have put in place are resilient to withstand the crises that inevitably come up. Industry shifts, market downturns, unexpected competitors: when stress comes, it shouldn't make an organization or process fall to pieces. Instead, stressful times should be when positive discourse, growth, and resiliency thrive.[1] "What do you do when you face a surprise?" David Woods, Faculty Emeritus of Integrated Systems Engineering at The Ohio State University, asked at the 2014 Velocity NY conference; referring to unexpected situations like when chunks of foam fell off the Space Shuttle Columbia's fuel tank in an unexpected way. "Do you gracefully extend performance, stretch your capabilities, and add adaptive capacity in order to continue to perform...

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12 Jun

Making Plastic Bottles from Sugarcane and Captured CO₂

by Dave Jones
in Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Technology Scouting
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[vc_row][vc_column][vc_column_text]A new study from the labs of Durham University's Dr. Andrew Smallbone lays out a pathway to making plastic bottles from organic waste material and CO2 captured from power plants. A thorough analysis of the economics shows this process could even be cost competitive for making things like plastic bottles. The process could start with something like the leftover plant material from sugarcane pressing. After a few reaction steps, which include the addition of some captured CO2 and some ethylene glycol produced from corn plants, you'd end up with a plastic polymer called polyethylene furandicarboxylate—otherwise known as PEF. Functionally, it's similar to the PET plastic used for water and soda bottles, denoted by the number 1 recycling symbol. Every step in the process has been at least demonstrated before, and some are quite common, so the paper doesn't spend much space on the chemistry. Instead, the researchers engage in life cycle analysis...

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Benchmarking Innovation Impact 2020
24 Oct

Insights from Today’s Innovation Leaders

by Stephanie Creech
in Enterprise Innovation, Innovation, Innovation Challenge, Innovation Solutions
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If you are lucky enough to be on an innovation team you understand the need to deliver successful innovative solutions. In this contemporary world assessing your progress and allocating resources is always a priority. Recently, Innovation Leader published the report, Benchmarking Innovation Impact 2020 offering an in-depth look at innovation strategies, investments, and approaches that drive successful innovation. ...

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