We provide innovation advisory that focuses on open innovation, measuring the hard and soft ROI of innovation, as well as the culture/people perspective of innovation (skills, mindset, tools). Innovation is best implemented with an open mind, focused execution, that fosters linkages with external entities. We believe innovation is not just about technology and creative product implementation, but considers business model evolution as well as internal processes to enable a continuous flow of innovation that positively affects a firm’s strategic outcomes.
We are proponents of leveraging open innovation principles to invigorate corporate innovation. The aerospace industry should be poised to leverage these principles, but we have found that only a few organizations, and mostly on the government side, have used open techniques. Open techniques become paramount when the innovation pace is fast and increasing. We understand the nuances of open innovation in a business to business vice business to consumer environment, and that open practices need to be focused on saving resources by not reinventing the wheel, and being first to present a unique and superior partnered solution that you can put IP protection around.
We have been involved in a Government sponsored program via Arizona State’s Furnace Program where the sole purpose is to search and locate start-ups to commercialize technology from DoD labs. We have many lessons learned with regards to representation of the patents, what is feasible, and what key elements to consider in order to make such an endeavor even worth considering. In addition, we have be active in participating in the NSF’s I-corps program, to take advantage and learn from the successes (and failures or pivots) in commercializing technology from universities.
Public Private Partnership
We have researched a myriad of public private partnerships (PPPs) to explore relationships and partnerships that could support early stage technology company development and/or commercialization and workforce development. We favor a few approaches over others due to higher rates of success at meeting regional, strategic as well as financial goals. These relationships can be complex and involves strong political will from specific regions.
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