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Open Innovation

07 Sep

Medical Innovation through Bioconvergence

by Hunter O'Donnell
in Collaboration Software, Enterprise Innovation, Innovation, MedTech & Life Sciences Industry, Open Innovation, Technology
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[vc_row][vc_column][vc_column_text] Revolutionize the Future of Personalized Healthcare with Collaborative Medical Diagnostic & Treatment Technologies [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Bioconvergence is the merging and progress of the collaborative knowledge, research, and innovation in the fields of biology and technology.  There are limitless solutions for improved healthcare outcomes through the confluence of the latest research and skills from life scientists, molecular engineers, robotics, medical professional pioneers, and information technology experts. Bioconvergence is the future of global healthcare, so understanding some of the important discoveries and key research disciplines will better prepare future-looking companies in the Medical Devices, Pharmaceutical, Biotech, and Healthcare industries for substantial innovative change. Managing the workflow and relationships in this network of solvers requires a dynamic Innovation Resource Management platform. Let’s explore some of these technologies and partnerships.[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Bioprinting, Tissue Engineering & Regenerative Medicine [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Biomedical engineering continues to disrupt health care and positively impact patient outcomes. 3D bioprinting and regenerative engineering are growing industries...

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ideation objectives
30 Aug

5 Ideation Objectives

by Hunter O'Donnell
in Collaboration Software, Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Challenge, Technology Scouting
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[vc_row][vc_column width="2/3"][vc_column_text] Top 5 Ideation Objectives for Innovation [Infographic] [/vc_column_text][vc_column_text]  Both a Nobel Prize winner in Chemistry and Nobel Peace Prize recipient, Linus Pauling believed, “The best way to get a good idea is to have a lot of ideas...

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22 Aug

Innovation Budget Planning

by Hunter O'Donnell
in Collaboration Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_empty_space][vc_text_separator title="Budget Planning for Innovation During Changing Economic Times"][vc_empty_space][vc_column_text]As the budgeting season kicks off, the C-Suites are issuing guidelines and financial targets despite unpredictable market conditions. Their goals for success lie in the adaptability and strength of their resources across the Innovation Portfolio.  From the Harvard Business Review article “An Agile Approach to Budgeting for Uncertain Times,” here are the curated questions your team should ask while planning for projects in the year ahead:[/vc_column_text][vc_empty_space height="22px"][qodef_separator position="center" color="#f2f2f2"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal" icon_size="qodef-icon-small" icon_animation="" icon_margin="10px" text="What are the outcomes that will be most important for strategic success?" text_left_padding="10px"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal" icon_size="qodef-icon-small" icon_animation="" icon_margin="10px" text="Where should resources go? For example, running the business (operations) versus changing the business (innovations)?" text_left_padding="10px"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal" icon_size="qodef-icon-small" icon_animation="" icon_margin="10px" text="Within innovation, what’s the right balance of resources going toward incremental innovation versus breakthroughs?" text_left_padding="10px"][vc_empty_space height="16px"][qodef_icon_with_text icon_pack="simple_line_icons" simple_line_icons="icon-question" icon_position="left" icon_type="normal"...

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technology scouting works harvard business review study
03 Aug

Technology Scouting: Why It Works – A Harvard Business Review Published Study

by Stephanie Creech
in Collaboration Software, Enterprise Innovation, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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Technology scouting can increase the rate of potential for meaningful innovation, as discussed in the Harvard Business Review. An innovation leader's perspective and insight. A look at what works and what doesn't. Technology scouting automation and technology advancements are key...

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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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29 Jul

Unpacking Innovative Ideas in the CPG Industry

by Hunter O'Donnell
in Collaboration Software, CPG Industry, Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] Innovation in Consumer Packaged Goods [/vc_column_text][vc_empty_space][vc_column_text]The CPG and Food & Beverage Industries must continuously innovate to keep their market share and follow fluctuating consumer demands, all while functioning profitably in a manufacturing environment that depends on endless factors: supply chain availability, maintenance, repair and operations (MRO) of production facilities, workforce reliability, and the integration of AI enabled tools for purchasing, inventory quality control, and consumer-tracking data.  Now more than ever there is unlimited innovative potential in CPG, and the variety of brands that best harness their creative visions and deliver superior goods will be their companies’ most popular and profitable products.[/vc_column_text][vc_empty_space][vc_text_separator title="Part I : CPG Strategies for Growth and Innovation" border_width="2"][vc_empty_space][vc_column_text]To develop the best strategy for your complex CPG Innovation Portfolio, refer back to a previous article. Topics include: Utilizing Open Innovation for R&D Studying Past Trends for Future Forecasting Managing a Portfolio of Innovative Projects [/vc_column_text][vc_empty_space height="52px"][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title="Part II : Endless Opportunity...

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27 May

CPG Industry Innovation

by Hunter O'Donnell
in Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology Landscape, Technology Scouting
Comments

[vc_row][vc_column][vc_empty_space height="22px"][vc_column_text]The CPG Industry aims to continuously reinvent itself as the online shopper experience and the in-person retail customer both demand personalized, convenient, in stock, economical, and exciting products. CPG embraces constant change and ceaseless innovation to keep up with consumer demands while building brands customers rely on in their daily lives. How do the major companies’ research and development teams build and manage a portfolio of innovative products while ensuring long-term market success and consistent brand loyalty? It's a complex, interdepartmental system that is augmented with 3 tactics: the advantage of open innovation, strategic supply chain forecasting, and tools for enhanced collaboration across teams that bring new products to market.[/vc_column_text][vc_empty_space height="22px"][qodef_separator type="full-width" color="#9e9e9e" border_style="solid"][vc_empty_space height="22px"][vc_column_text] Utilize Open Innovation for R&D [/vc_column_text][vc_empty_space][qodef_blockquote text="Half the company’s ideas must come from the outside" title_tag="h3" width="100"][vc_empty_space height="22px"][vc_column_text]Open Innovation is a proactive strategy complementing your R&D department. Certainly, your company is filled with great ideas and...

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beverage production line
10 May

Food and Beverage Innovation

by Hunter O'Donnell
in Collaboration Software, Food and Beverage Industry, Innovation, Innovation Software, Innovation Solutions, Open Innovation, Technology, Technology Landscape, Technology Scouting
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[vc_row][vc_column][vc_column_text] A Taste of Innovation for the Giants of the Food and Beverage Industry [/vc_column_text][vc_empty_space][vc_column_text]The biggest players of the Food & Beverage Industry are positioned to innovate internally, creating new food concepts through their own well-funded research and development. Increasingly these corporate giants are also expanding their resources outside the company to innovate externally by nurturing smaller, sometimes more cutting-edge food start-ups. One means for expanding their portfolio of products is inviting creative and successful foodpreneurs to the innovation table, and in some cases, investing in their companies. General Mills, Tyson, Whole Foods, and Kellogg, for example, all offer pitch days and accelerator programs for startups looking for funding and expertise to bring more of their innovative products to market. Industry leaders who avoid diversifying their product lines to represent growing consumer demand are destined to see their food expired and forgotten on the supermarket shelves. Let's examine some areas the Food and Beverage...

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compass accelerate innovation
25 Apr

Innovation Accelerator

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

[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] Accelerate Innovation from the Front end to the Back end to Drive Industry Disruption [/vc_column_text][vc_empty_space][/vc_column_inner][/vc_row_inner][vc_column_text]How do you keep the momentum of innovation solutions in your business? The success of your organization’s future growth will be determined by the products and services created from the front end to the back end of innovation, disrupting industries and creating significant market share.[/vc_column_text][vc_empty_space height="28px"][vc_column_text]The front end of innovation is critical in laying the proper foundation for a portfolio of projects to develop through a commitment to creativity, change, and growth. This is the period when opportunities are identified and new products or services are first considered. This phase includes Innovation Strategy and Ideation. When a team commits to the advancement of a new product, service, or business model they imagine a new way to approach a challenge, and communicate this idea for organizational implementation. The back end of innovation is everything following strategy development and ideation. This...

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