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Open Innovation

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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13 May

AI and Innovation Management

by Jennifer Creech
in Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Amplify Your Innovation Program with AI-Driven Technology Discovery [/vc_column_text][vc_column_text]Today's highly competitive business climate is fueled by the ability to innovate and ride the cutting edge of technology. Companies that fail to embrace emerging technologies risk being eclipsed by more agile, proactive competitors. AI-driven technology discovery revolutionizes the way organizations approach innovation management, creating competitive advantage.  Ezassi continuously improves its innovation services through a suite of five AI-enhanced technology discovery reports. By combining the power of artificial intelligence with the expertise of PhD-level research professionals, Ezassi is empowering businesses to foster an innovation culture at unprecedented speeds to make informed decisions and capitalize on opportunities ahead of their competitors. The collaboration of AI and enhanced R&D skills lies at the heart of Ezassi's approach.  [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="42px"][qodef_blockquote text="In today's rapidly evolving marketplace, the ability to identify emerging technologies and capitalize on growth opportunities before competitors is critical. By integrating cutting-edge AI with human innovation...

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innovation day
13 Feb

Innovation Day

by Hunter O'Donnell
in Conference, Innovation, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text] What is Innovation Day? Innovation Day is a dedicated event within organizations aimed at celebrating creativity, fostering new ideas, and encouraging employees to engage in activities that drive innovation, helping companies stay competitive and forward-thinking.  [/vc_column_text][vc_empty_space height="22px"][vc_column_text] Innovation Day - Challenge the Status Quo & Reach for Innovative Solutions [/vc_column_text][vc_empty_space][vc_column_text]Every year, the world of innovation pushes boundaries and reshapes our lives. The Ezassi Innovation Management Software, Strategy & Services team trusts you’ll identify an organization-wide opportunity to celebrate your advancements and envision the future. Here are some great dates to consider: February 11 A popular celebration of human ingenuity is February 11th, National Inventors Day, which began in 1983 in the United States. It recognizes new inventions and inspires innovators in honor of the anniversary of the birth of Thomas Alva Edison, one of America's most famous and prolific inventors. February 16 A similar commemoration found on many calendars is “Innovation Day,” often set for February 16. This...

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what is innovation management
16 Nov

What is Innovation Management?

by Hunter O'Donnell
in Collaboration Software, Idea Management Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text] Navigating Innovation Management: Implement a Scalable Process and Engaging Platform for Enterprise Ideation and Collaboration Creating Open Innovation Solutions [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Regardless of your organization’s innovation portfolio size or scope, every business needs a strategy and competitive advantage for growth and technological advancement. Supporting an innovative culture and adopting an innovation management platform across your company assesses valuable KPIs of the current pipeline and promotes future opportunities through the transformative power of innovation.[/vc_column_text][vc_empty_space][vc_column_text] Defining Innovation Management  The Key Pillars of Innovation Management Tools and Techniques for Innovation: Idea Management, Pipeline Management, and Technology Discovery Software & Innovation Services  The Benefits of Innovation Management [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text] Defining Innovation Management: [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Innovation management is the process of nurturing and guiding the development of new ideas, products, services, or processes within an organization. It’s the strategies, idea stage gate and workflows that move creative ideas, novel technologies, or key market insights through an efficient and transparent pipeline of challenge solvers and...

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intrapreneur ideation
17 Oct

Intrapreneurs

by Hunter O'Donnell
in Enterprise Innovation, Innovation, Innovation Software, Open Innovation, Technology Challenge, Types of Innovation
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[vc_row][vc_column][vc_column_text] Invest in Intrapreneurs – Innovation Management Supports Your Organization’s Greatest Change Makers [/vc_column_text][vc_empty_space height="10px"][vc_column_text]Intrapreneurs are those important team members with the optimism, intellect, initiative, and discipline to champion bright ideas and drive new project pipelines, establishing innovative change across the business. Does your organization nurture valuable intrapreneurship?  When internal team members are given the freedom to think like entrepreneurs, they become more motivated, creative, and engaged. They are not afraid to challenge the status quo and are driven to find innovative solutions to problems. By fostering intrapreneurship within your organization, you stimulate the development of disruptive ideas and invest in a collaborative work environment. The organization's collective intelligence is multiplied, leading to more innovative outcomes and solutions to your biggest challenges. How does a company encourage an intrapreneurial spirit in employees? By making their employees feel that their ideas are heard and transparent to others, fairly evaluated, and under consideration for future implementation. [/vc_column_text][vc_empty_space][vc_column_text] How...

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26 Apr

Idea Management Platform to Support ESG Goals

by Hunter O'Donnell
in Collaboration Software, Enterprise Innovation, Idea Management Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Scouting
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[vc_row][vc_column][vc_empty_space height="22px"][vc_column_text] The Triple Bottom Line Approach in Innovation Strategy [/vc_column_text][vc_empty_space height="22px"][vc_column_text]People | Planet | Profit – their intersection point is Sustainability, and an Idea Management Platform is the best solution to support this critical innovation strategy and the KPIs impacting the triple bottom line. Ezassi’s Idea Management Software is important for sustainability because it enables organizations to systematically gather and manage ideas for green initiatives, circularity, and improved environmental practices from employees, customers, and other stakeholders. By collecting ideas from a diverse range of sources, businesses can tap into the collective creativity and expertise of their innovation ecosystem to identify potential solutions to their sustainability challenges.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text] An Idea Management Platform to Focus on Environmental Initiatives [/vc_column_text][vc_empty_space height="22px"][vc_column_text]An idea management platform provides a centralized location for idea collection, evaluation, and implementation, making it easier for organizations to track and manage sustainable initiatives. With the help of this software, organizations can prioritize and allocate resources to...

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ignite innovative culture
04 Jan

The Goal: Ignite Innovative Culture

by Hunter O'Donnell
in Collaboration Software, Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting
Comments

[vc_row][vc_column][vc_column_text]This year is full of potential for innovative growth in your organization.  Ezassi is your partner in measurable and achievable business goals with the help of our innovation software and services. Innovative culture is not something you can turn on or off, rather it develops with time, intentionality, and synergy. Attract the right kind of talent and provide the motivation for a sustainable, confident innovative culture. If the right mechanisms are put in place, including KPIs, rewards, and specific processes to drive successful innovation, then your organization will find value ideating, working beyond a job role, risk taking, failing fast, and growing strong partnerships of collaboration. We propose you ask these twelve strategic planning questions and consider the resolutions for energizing your organization’s innovative culture. This is a month-by-month prompt to spark the innovative spirit of your company and illuminate a brighter innovation portfolio this year.[/vc_column_text][vc_empty_space height="42px"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Resolutions to Ignite a Culture...

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smart grid
16 Dec

Powerful Innovation for Energy

by Hunter O'Donnell
in Chemicals & Materials, Collaboration Software, Energy Industry, Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Challenge, Technology Scouting
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[vc_row][vc_column][vc_column_text] Innovative Solutions for Big Energy [/vc_column_text][vc_empty_space height="22px"][vc_column_text]The electric grid needs modernizing to support our expanding e-economy and national security. Innovative solutions for the energy sector are increasingly powered by collaborations across researchers, government officials and companies looking to harness emerging renewable technologies, update control systems and computing, and find new materials and methods to design regional energyshed management systems for a modern, efficient and de-carbonized grid. Adjacent technologies impacting the energy industry can be harnessed by collaborative project teams of engineers and leading organizations who seek to modernize power systems and continue to utilize renewable resources. Let’s plug in to some current topics in this sector.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="5/6"][vc_empty_space][vc_column_text] Power Hungry Industries  [/vc_column_text][vc_empty_space height="22px"][vc_column_text]The global economy will continue to demand more power and with that growth, greater energy security. Conventional power plants requiring energy sources from coal, natural gas, and nuclear should increasingly look to integrate renewable technologies like solar, wind, hydroelectric, geothermal, and biomass...

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21 Oct

Global Race for Innovation

by Hunter O'Donnell
in Chemicals & Materials, Collaboration Software, Defense & Aerospace Industry, Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Challenge, Technology Landscape, Technology Scouting
Comments

[vc_row][vc_column][vc_empty_space height="22px"][vc_column_text]In the global race for innovation, industry leaders are speeding ahead in the engineering fields of satellites, rockets, robotics, drones, motorsports, and the future of mobility. It’s no longer enough to just keep the pace of your competitors. The objective is to outperform and outmaneuver, blazing the trail to new frontiers with faster, more cost-effective innovation solutions.  [/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column width="2/3"][vc_column_text] The Race to Space : Launch Collaboration  [/vc_column_text][vc_empty_space height="22px"][vc_column_text]There’s no bigger frontier for growth than space, and it takes an incredible team to assemble a successful mission. Rocket Lab, together with General Atomics, NOAA, and France’s National Center for Space Studies, completed an 8th launch in October 2022 to deliver a satellite to collect crucial global data from thousands of transmitters. The analysis of this physical and biological data will help scientists better understand the planet’s climate and biodiversity, as well as assist with maritime security, pollution tracking, and humanitarian assistance. You don’t have...

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