What we do
We are a leading provider of strategic services for innovative technology-driven businesses. Our expertise empowers clients to achieve sustainable growth and impact.
Our Services:
- Business Model Innovation. We help you develop robust business models aligned with your unique value proposition, ensuring a strong market fit.
- Market Readiness Assessment: We conduct in-depth market research to assess your product or service’s readiness for commercialization, providing actionable insights into market dynamics, value chains, and competitive landscapes.
- Strategic Planning: We create comprehensive business plans and technology roadmaps, leveraging our experience in collaborative innovation to guide your growth trajectory.
- Funding and Investment: We facilitate access to funding sources, including government subsidies and private investments, to fuel your R&D initiatives and scale your business.
- Social Innovation: We help you develop innovative solutions that address societal challenges, leveraging collaborative approaches and emerging business models to create positive social and environmental impact.
Our activities in Innovation and Business Process Management Innovation, often complex and collaborative, can be effectively managed by applying Business Process Management (BPM) principles. While traditional Taylorism fragmented work, process orientation emphasizes interconnected activities. BPM encompasses designing, administering, and analyzing business processes for improvement. Viewing innovation as a specific business process allows organizations to map its stages, establish metrics, optimize, foster collaboration, and leverage technology, ultimately enhancing innovation efforts. We will elaborate on the activities involved in each stage. From Taylorism to Process Orientation: Traditional work organization (Taylorism) breaks down complex tasks into smaller units for efficiency. However, this can lead to fragmentation. Process orientation emphasizes the interconnectedness of activities for a larger goal. Taylorism Activities: Analyzing tasks, dividing labor, standardizing procedures, and close supervision. Process Orientation Activities: Identifying core processes, mapping process flows, defining roles and responsibilities, and establishing performance metrics. Defining Business Processes and BPM: A business process is a set of coordinated activities within an organizational and technical environment, working towards a specific goal. BPM encompasses the concepts, methods, and techniques used to manage these processes. Business Process Activities: Order fulfillment, customer onboarding, product development, and complaint handling. BPM Activities: Process identification, process modeling, process execution, process monitoring, and process improvement. Innovation as a Business Process: Innovation can be seen as a specific business process within an organization, involving managed and optimized activities. Innovation Activities: Idea generation, concept development, prototyping, testing, and commercialization. The Complexity of Innovation: Innovation is rarely linear; it’s a dynamic process with feedback loops and interactions between various actors. Activities in Complex Innovation: Market research, technology scouting, competitive analysis, collaboration with external partners, and internal knowledge sharing. The Collaborative Nature of Innovation: Companies pursuing innovation often engage with external partners. Collaboration Activities: Joint ventures, strategic alliances, open innovation platforms, and participation in research consortia. Integrating Innovation with BPM: Applying BPM principles to innovation involves several key activities: - Mapping the Innovation Process: Activities: Defining stages (idea generation, selection, development, implementation), identifying key activities within each stage, and documenting process flows. This could involve creating process maps or value stream maps. - Establishing Metrics and KPIs: Activities: Defining relevant metrics (e.g., number of ideas generated, time to market, ROI of innovation projects), setting targets, and tracking performance against these metrics. This often involves establishing dashboards and reporting mechanisms. - Optimizing the Process: Activities: Identifying bottlenecks and inefficiencies (e.g., long approval cycles, lack of resources), analyzing root causes, and implementing improvements (e.g., streamlining processes, automating tasks, reallocating resources). This might involve process simulation and analysis. - Fostering Collaboration: Activities: Creating platforms for idea sharing, establishing cross-functional teams, organizing workshops and brainstorming sessions, and building relationships with external partners. This could involve implementing collaboration software and establishing clear communication channels. - Leveraging Technology: Activities: Implementing idea management software, using project management tools, utilizing data analytics platforms, and adopting collaboration platforms. This requires evaluating and selecting appropriate technologies and integrating them into the innovation process. |
The potential for friction between those who see the customer as the source of all wisdom, and those who see technological innovation as the key driver of economic growth is very evident. - Marcel Weber
Business plans and business models
There isn’t a one-size-fits-all model for business plans or models. While the Business Model Canvas is popular, the EU’s Horizon 2020 (now Horizon Europe) has specific requirements for research and innovation projects. We have extensive experience with these models and use them as a foundation for our guidance. Here, we elaborate on them.
Focus and Purpose:
- Business Model Canvas: Aims to provide a holistic overview of a business, focusing on how it creates, delivers, and captures value. It’s a versatile tool for startups, existing businesses, and even non-profits to visualize and understand their core operations.
- EU Horizon 2020 Business Model: Specifically designed for research and innovation projects seeking EU funding. It emphasizes the project’s impact, exploitation strategy, and long-term sustainability. The focus is on demonstrating how the project’s outcomes will be translated into tangible benefits for society and the economy.
Structure and Content:
- Business Model Canvas: Uses a visual template with nine building blocks: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Activities, Key Resources, Key Partnerships, and Cost Structure. It’s concise and easy to understand.
- EU Horizon 2020 Business Model: Typically requires a more detailed and structured approach. It often includes sections on:
- Market Analysis: Detailed assessment of the target market, competition, and potential for growth.
- Value Proposition: Clear articulation of the project’s unique value and benefits.
- Implementation Plan: Description of the activities, timelines, and resources required to achieve the project’s objectives.
- Financial Projections: Detailed financial forecasts, including costs, revenue streams, and profitability.
- Impact Assessment: Evaluation of the project’s potential impact on society, the economy, and the environment.
- Exploitation Strategy: Plan for how the project’s results will be disseminated and exploited after its completion.
- Sustainability: Demonstration of the project’s long-term viability beyond the funding period.
Level of Detail:
- Business Model Canvas: Provides a high-level overview of the business model. It’s a good starting point for brainstorming and initial planning.
- EU Horizon 2020 Business Model: Requires a much deeper level of detail, with comprehensive analysis and justification for all aspects of the project.
Audience:
- Business Model Canvas: Can be used for internal discussions, investor pitches, or strategic planning.
- EU Horizon 2020 Business Model: Specifically tailored for EU evaluators who assess the project’s feasibility, impact, and alignment with the program’s objectives.
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