A business plan is at the heart of every business. But instead of just writing down your business plan, your startup’s business model will require proper validation before you start doing business. If you don’t validate it, the investor simply won’t invest. You can validate your business model through three core assumptions: delivering, creating and capturing value.
After two years of coming up with my idea, I finally launched the platform ‘Scout Me Online.’ All the reasons why we procrastinate, avoid or delay in making decisions committing to a specific task are because we believe we need to have something or be perfect. And when we don’t have those, or we doubt ourselves, which reinforces our current belief.
In this Innovation Ecosystem podcast, Dr. Jessica Flechtner of Genocea Biosciences discusses her journey progressing the company from startup to going public. Learn from Jessica’s journey and rationale for joining an innovative biosciences startup despite her illustrious research career; her key role in bringing a company from the acquisition of venture capital funding through to going public in year and how she and the Genocea team create a culture of discussing failure and celebrating success that helps them maintain their competitive edge in an ever-changing and demanding pharmaceutical industry.
One of the greatest challenges facing innovation professionals is to find the right approach to a given innovation problem. Whether that’s instilling the innovation mojo in a large corporation or simply helping teams become more innovative, the ways to do this seem to be more of an art than a science. However, during the last ten years there has been a strong push to turn this art form into more of a science.
Companies once deemed “too big to fail” are increasingly exposed to failure. The threat of disruption is everywhere. Startups are taking on the Goliaths in every market. Scores of malls across the United States are in collapse. Many household brand names are losing ground or even shutting completely. Regardless of industry, businesses face digital Darwinism, the evolution of technology and markets. Disruption is just a matter of when, where and why. To compete, executives must make tough decisions but more so, they must look to new horizons for new insight and direction. Whether companies thrive or cower in the face of digital Darwinism is a choice.
Business Intelligence software is an essential tool for analyzing your company’s strengths and weaknesses. From inventory management, to accounting, to customer intelligence and beyond, there are many ways you can use BI software to inform your decision-making, increase operational efficiency, and gain a competitive edge.
MobileIron Co-Founder Bob Tinker describes the next challenge for a startup after figuring out product-market fit, and that’s achieving what he calls “go-to-market fit.” This entails three things: deciding on a sales model and committing to it, developing a repeatable sales and marketing routine that secures and delights new customers, and positioning the business so it aligns perfectly with the problem it is addressing.
A city of commerce and entrepreneurism, Amsterdam has long been a melting pot and meeting point for people to come together and ferment world-changing ideas. Recent changes to Dutch law allow innovative entrepreneurs to receive start-up visas in the Netherlands. All they need to qualify is an innovative business idea and an experienced facilitator/mentor.
Attention innovators: here’s your chance to showcase tech & science projects and benefit from international promotion among a tech-oriented crowd, media, industry representatives and business professionals for free. The digital campaign, “Bringing tech&science closer to people,” carried out under the auspices of UNESCO, is here to celebrate innovators and inventors and the world-changing solutions they are working on.
Most startups hope to disrupt their markets by delivering a novel idea or a more-suitable functionality—frequently at a lower price. Disruptive Innovation may be how your company arrives, but ultimately, as competition grows and your business and brand evolves, you will need incremental innovation to stay relevant.
Retired serial entrepreneur and educator Steve Blank traces the origin of technology startups and venture capital in Silicon Valley. An adjunct professor in Stanford’s School of Engineering, Blank talks about how the very first semiconductor business in the valley spawned 65 other chip companies over the next 20 years. The increased activity and a loosening of financial regulations subsequently led to the birth of venture capital, according to Blank.
How to organise a meeting in such a way that they result in creativity and energy? How to ensure that people are actively participating instead of being only passively attending meetings?
In the past decade, we’ve seen an explosion in the number of business incubators, startup accelerators and entrepreneurial training programs. But Kander argues all of these programs share an enormous fatal flaw. Diana’s talk challenges our thinking about entrepreneurship and presents a new approach for startups and corporations alike.
Stripe’s John Collison talks about how the focus and culture at a startup may need to evolve as it grows. He also discusses the concept of “path dependence,” where a venture’s direction isn’t guided by working toward a grand vision, but by achieving intermediate goals and letting that journey determine trajectory.
Research and analytics have changed tremendously in recent years. With new technologies, advanced software and a global marketplace, the solutions are becoming much more complex. In this Innovation Ecosystem podcast Mark Bidwell speaks with Marc Vollenweider, CEO of Evalueserve, a company that offers innovative and disruptive solutions to their clients’ problems. Marc has a genuinely unique perspective on the changes taking place in various industries and offers a lot of advice, for leaders as well as those working for more traditional and regulated firms, on how they can successfully navigate through these disruptive waters.