With most organisations looking to create new products, services or business models in the coming years as their primary strategy to generate organic growth, traditional companies are under intense pressure to develop innovative products to keep the pace of innovation and meet rising customer expectations.
The entrepreneurs at Silicon Valley have long recognised that the process of failing quickly to learn quickly is a stepping stone to success, thus creating a culture of “failing forward”. In the fast-paced startup world, failure is a critical part of workplace culture, in the belief that failing fast means innovating faster.
There is a reason why companies like Google, Ford, Fidelity and Marriott all have their own innovation labs. Not only do they allow room for people to experiment, explore new ways of thinking and hold the promise of creating breakthrough products and services, but they also have plenty of PR value. But do they really deliver, or are they just flashy programmes that fall short of their promise?
As part of their mission to drive progress towards the Sustainable Development Goals (SDGs), the UK’s DFID and Unilever have launched an open call for social enterprises to share their ideas, harnessing the power of open innovation through the TRANSFORM initiative.
Sophia the Robot may be one of the best known, but the Edison Awards recently recognised many other of the most innovative products for 2018. Besides Sophia, we have selected 10 other new products conceived by the world’s most talented innovation leaders, in areas ranging from Social Innovation and Collective Disruption to Health & Wellness.
As businesses continue to grow, new technologies and solutions come to the fore, and business innovation proves to be more important than ever, companies are stepping up their hiring rates to fill the growing skills gap. Yet the answer could be in your existing workforce.
The Chief Innovation Officer is more important than ever for the success of companies, with demand expected to rise further in the coming years. We look at the definition of the CIO, and why they are the key player in business innovation management today.
As businesses recognise the potential of innovation in both workforce and technology, the demand for Chief Innovation Officers (CIO) is expected to rise in 2018, according to recruitment firm Hays.
Over the last two decades, the Internet and online tools have become increasingly important for innovation managers to promote new types of innovation. But as businesses migrate online and adopt more innovative interactions, the risks of cyber security are growing considerably.
The year 2017 saw a rapid pace of digital transformation in global business, and the coming year will be no different. From AI to the fundamental power of the people, we look at the top 5 trends that are set to define business innovation in 2018.
At the 4th World Internet Conference (WIC) in Wuzhen, which drew to a close yesterday, China announced that its digital economy reached 22.58 trillion yuan ($3.4 trillion) in 2016, accounting for nearly a third of the national GDP. The same report said that 22% of the world’s current GDP is closely related to digital economy.
The global consumer goods corporation Procter & Gamble (P&G) is celebrating its 180th anniversary, yet it has managed to keep its innovation pace, alongside a growing number of agile, disruptive startups and hot new companies. One of Forbes’ World’s Most Innovative Companies, P&G isn’t the only centenarian brand to have kept its edge.
MIT Technology Review has released its “35 Innovators Under 35” annual outlook, including some of the most talented, brilliant young minds in the areas of energy, materials, transportation, biotechnology, communications, web and computer hardware. Know more here.
Over 350 projects in 29 European countries have been awarded 70 of the 150 million euros of The Digital News Initiative (DNI) Innovation Fund, which aims to empower journalism through technology. Applications for the fourth round of Google’s contest are open until October 12.
For the fifth consecutive year, EU Prize for Women Innovators will be recognising women entrepreneurs. Applications are open until 15 November.
Apple, Space-X, Amazon and Facebook all feature in MIT Technology Review’s list of the 50 smartest companies in 2017, which may not surprise you. Yet some incumbent companies also make the ranking, along with start-ups such as Carbon, Face++ and Gamalon.
In the last decades, Singapore has become a case study for an innovation-driven economy and they're now working to ensure its place as a future business hub, investing particularly in technology innovation.
Nominations for the 2018 Edison Awards are now open until 17 November, to celebrate excellence in new products and service developments, marketing, human-centered design and innovation across the world.
From prehistoric drawings in caves, art and technology have walked hand in hand, influencing, pushing and challenging each other. But, as in all human activities, technological evolution is today having a wider, more profound and somehow unpredictable impact on both art creation and the industry itself.
From war effort-driven inventions through to John F. Kennedy’s challenge to put man on the moon, governments have pushed innovation forward throughout history. But should governments invest directly in innovation, or do it by inviting companies to invest and giving them better conditions to do so?
We have heard time and again that failures are to be celebrated, but a new museum will now take this saying to a new level. A BIC pen designed “for her” and a mobile device just for tweeting are some of the commercial flops to be seen at the new Museum of Failure, set to open on June 7 in Helsingborg, Sweden.
Drones that deliver vaccines, medicine and blood transfusions in rural Rwanda, and a project that seeks to eradicate poaching by giving farmers education and access to premium markets for their products, are some of the winners of the Schwab Foundation’s 2017 Social Entrepreneurs awards.
Tokyo 2020 Olympic and Paralympic winners will take home a new and unique sort of medal, made from the small amounts of precious metals that can be found in mobile phones and small appliances.
With the population aging fast, the public budget, pension schemes and healthcare systems are under growing stress. Politicians look for economic growth to alleviate these problems. Yet, as the active labour force shrinks, so does GDP. Can innovation come to the rescue by boosting productivity?
South Korea tops the international charts overall according to Bloomberg’s 2017 Innovation Index, followed by Sweden, Germany, Switzerland and Finland. Nordic countries dominate the top 15.
It’s been a dazzling, eventful year for innovation hunters. Events, thinkers, projects, leading players, small to large companies and new disruptors worldwide continue to reshape all walks of life. Our workplaces are seeking to adapt, and idea management software and practices are evolving to support companies in their fight to stay competitive.
Value networks, connected innovation, technology combinations and digital assembly lines will make business leaders’ agendas in the coming year. As change becomes a constant, organisations are expected to engage in ‘a more holistic digital transformation’. This is one of Nicholas D. Evans’ five digital business predictions for 2017 in his Computerworld.com article.
Wearing recycled plastic on your feet has never been more fashionable. Both Nike and Adidas have developed innovative and sustainable techniques to create footwear from reprocessed plastic, and now a new US startup is selling shoes knitted from cast-off bottles.
Americans’ creativity has declined since the early 90s, a recent study by Professor of Creativity and Innovation Dr K.H. Kim suggests. Having analysed 300,000 scores on the Torrance Tests of Creative Thinking, this research shows that test results are now dropping after having steadily risen from the 50s to the 80s.
Dubai has officially launched the Future Accelerators programme, designed to turn the city into an innovation hub. The new startup incubator offers training and investment opportunities to selected entrepreneurs – giving them access to two million US dollars of venture capital per month.
Niamh De Niese is now leading Bank of New York’s (BNY) Europe Middle East and Africa Innovation Centre (EMEA). Strategically based in London, EMEA is one of six BNY client solutions incubators spread worldwide, and De Niese will be developing collaborative innovation bridges with the region’s fintech communities.
For the second year in a row, Forbes considers Tesla the world’s most innovative company, while SalesForce.com holds the second position. On its sixth edition, Forbes' list is published in the September 13 issue of the magazine.
The report was already published in July, but the findings have the potential to impact the years and decades to come. In their ‘IV Disruptive Innovations’ report, Citi’s bank global research team compiles ‘Ten More Things to Stop and Think About’, advising clients to invest in them.
Can Dubai become a major player in the startup scene? Because he believes it can, Muhammed Mekki, co-founder of online fashion retailer Namshi, partnered with Google for Entrepreneurs and the DMCC Free Zone of Dubai to create AstroLabs.
Imagine with Orange, a crowd innovation platform and a launchpad for entrepreneurs worldwide, is the winner of the 2016 Grand Prize for Innovation Excellence, awarded by the International Society for Professional Innovation Management (ISPIM).
Lego’s new corporate headquarters project in Billund, Denmark, is every child’s – and grownup’s – dream come true. Architect CF Møller designed the building to encourage people to collaborate, taking creative working spaces to a whole new level.
The Cisco Innovation Grand Challenge is calling for all innovators, developers, researchers and entrepreneurs to submit their disruptive ideas and solutions for a safer and more connected and sustainable world. The three winners will get a share of the $250,000 prize. You can submit your application until 31 August.
On its fifth edition, the EDP Open Innovation programme scales up the challenge and invites start-ups worldwide to present projects focused on innovations in the area of clean technologies in the energy sector.
A 22-year-old graduate student at Stanford imagined he ‘managed to download the entire Web and just keep the links’. When Larry Page woke up, he started working on what would be Google’s algorithm, later becoming the company’s co-founder and chief executive officer
With innovation increasingly recognised as a ‘contributor to business success’, Gartner’s 2016 ‘Market Guide’ highlights a growing interest in innovation management platforms.
After a first, successful edition in 2015, the International Society for Professional Innovation Management (ISPIM) has launched the competition for its Grand Prize 2016 ‘for excellence in innovation management’.
With drones to fly you home, exoskeleton-aging simulators and running shoes to track performance, the Consumer Electronics Show (CES) again took centre stage with the newest and most exciting gadgets and products. More than 3,800 exhibitors and 170,000 attendees gathered in Las Vegas for the annual January tech and electronics sneak peek into your future.
The world is heading towards ‘a smarter food system’, with investment in food and agriculture likely surpassing US$4 billion in 2015, according to a report by the Dutch banking group Rabobank.
What was trending in innovation management in 2015? What was top of mind for managers, business leaders and innovation seekers? What challenges lie now ahead? The following are the top 10 stories we curated for you in the first (half a) year of our Innovation Library – soon to be remastered.
‘I firmly believe that Britain can again be a world leader in manufacturing. But If Britain doesn’t combine its finest assets and unify innovation with its production capabilities and partner with global leaders, then we stand no hope of improving our current situation,’ writes Steve Lindsey.
Can you imagine customising your shoes’ colour, material and heel height online and then having them printed in your local 3D print shop and delivered by drone? Kristel Van der Elst argues that visible trends and emerging technologies are all around and enable us to understand how the future might look.
What is going to mark the future of education? Is it the development of technological skills from an early age, the freedom and resources to pursue one’s interests at any time or new forms of integration and development within communities?
With China and US – the world’s two biggest economies, energy users and carbon emitters –promising to cut CO2 emissions, expectations rise on the development of joint new green initiatives: such as smart and low carbon cities, clean renewable energy and technologies.
The hype grows as the gadget comes closer to being commercialised early next year. The virtual reality headset Oculus Rift was developed by Palmer Luckey using the crowd-funding platform Kickstarter.
The recent Conference Board of Canada report on innovation makes it clear that ‘firms that innovate successfully see growth. Countries and provinces with robust innovation activity see improvements in productivity, economic growth and job creation,’ says a Toronto Star editorial.
If you are looking for European Union (EU) funding, you know that the right timing, legislation and bureaucracy involved makes applying a demanding task. The YourEUprofile website allows you to generate a unique profile that helps you find appropriate calls for proposals and apply for available funding programmes. Over €100 billion are spent on EU projects every year, inside and outside Europe.
The idea came on a rainy day. Walking in London’s Hyde Park, Chao Chen stopped to pick up and consider a pinecone’s anatomy. ‘Nature always has a professional way to solve life’s problem. In order to release and protect its seeds, a pinecone has the amazing ability to open and close through its surface reaction to water,’ says the Royal College of Arts product design student.
India’s Prime Minister Narendra Modi has set clear goals: he wants his country to emerge as an innovation hub in the years ahead. To make this happen, he and his government will give ‘absolute support’ to innovation and entrepreneurship, he assured participators in a Digital Dialogue event.
SunShot Catalyst, developed by the US Department of Energy, is the winner of the International Society for Professional Innovation Management (ISPIM) 2015 award. This open innovation initiative seeks to expand solar power use dramatically.
The U.S. Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E) has awarded PARC, a Xerox company, $1 million to develop a metamaterial that can ‘self-cool’ without water or electricity, in buildings, satellites, power plants or military tents under the desert sun, and prove its scalability.
If you’ve seen Richard Linklater’s animated film 'Waking Life', with its minimalistic images, you may be able to visualise the Smart Specs experience, as VA-ST start-up co-founder Stephen L. Hicks explains on MIT’s Technology Review website. These depth-sensing and augmented-reality lenses can assist people with sight impairment to move around more easily.
Often considered grey institutions, banks, too, are using innovation labs to stir up and test fresh, bold ideas in an overcompetitive market. The finantialbrand.com website invites you to take a ‘peek inside seven of the banking world’s coolest innovation labs’.
Press the shirt button to turn the volume up, touch your pocket to turn the lights on – Project Jacquard wants to make this and other futuristic functions a widespread reality. Google is teaming up with Levi’s and other industrial partners to develop wearable electronics, connecting software development to fashion design and production.
The BMW Group and the United Nations Alliance of Civilisations (UNAOC) have announced the Intercultural Innovation Award’s fourth edition. The initiative recognises 10 innovative grassroots projects that promote cooperation and intercultural dialogue around the world. Eligible non-profit organisations can apply until 30 September.
By 2019, INARA is set to enable and encourage one million young people to drive innovative solutions for a stronger knowledge-based economy in the Middle East and North Africa (MENA). Intel Corporation unveiled its new programme during the twelfth Corporate Social Responsibility Summit, in Dubai.
Releasing trace materials, such as barium or strontium, into the Martian atmosphere to be tracked and studied by spacecraft in orbit and on the ground – this idea was inspired by a process used to analyse the Earth’s atmosphere but given a brand new scope. The concept is the winner of NASA’s Mars Balance Mass Challenge.
Developers, entrepreneurs and experts can now work together in the new IBM Innovation Space in B.Amsterdam, the fastest growing startup and co-working ecosystem in the Dutch capital.
The woman pushed the stroller to the curb, failed to lift the front wheels, and the baby shot forward out of the pushchair. In a Wired interview, Sam Pearce recalled that instant when he first asked, ‘Why can’t you put the suspension into the wheel?’ His clever, shock absorbing Loopwheels are now shortlisted for the 2015 Designs of the Year award.
Gap believes there’s a chance you will, said recently appointed CEO Art Peck in an interview. The retail company is keen to ‘throw some stuff at the wall’ to see what gets customers excited – including something that ‘might resemble a vending machine’ to make picking up items quicker and easier, the website Fast Company reports.
Field experiences from Nepal to New Orleans have proven that technological innovation can ‘empower communities to build their own solutions to the risk of disasters’, says Rachel Kyte, World Bank Group’s (WBG) vice president.
Do you know anyone ‘responsible for an innovation that has been a proven success in the past decade’? If you do, The Economist newspaper invites you to nominate that ‘outstanding’ person for the Innovation Awards 2015, until 17 April.
Innovation management practices are now at the service of the citizens of Pennsylvania, USA. Governor Tom Wolf has established the Governor’s Office of Transformation, Innovation, Management, and Efficiency (GO TIME), to gather insights from all state employees, engaging them in finding solutions for common key challenges.
ClimateLaunchpad 2015, Europe’s largest climate innovation initiative, is inviting start-ups, students, researchers and businesspersons from across 23 European countries to submit cleantech ideas. Application deadlines vary according to the country you call your base.
Tata Steel is inviting experts and creative thinkers to collaborate in a new open innovation initiative, to ‘generate ideas for product, application, process and service improvements’. As ‘the way of doing business’ changes, some challenges will also focus on ‘new business models’, the company’s website explains.