Introduction to VEX - A Catalyst for Collaborative Innovation

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Information about Introduction to VEX - A Catalyst for Collaborative Innovation
Business & Mgmt

Published on March 7, 2014

Author: TonyCooke

Source: slideshare.net

Description

VEX is a new social platform for collaborative innovation. We are people-based supported by technology to provide a seamless online & offline environment that acts as a catalyst for collaborative innovation.

INTRO DECK AN INTRODUCTION TO VEX A Catalyst for Collaborative Innovation © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK Why collaborate for innovation? • Innovation is fundamental to ensuring every organisation’s future viability ! • Few innovation challenges are unique to a single organisation ! • Collaborative innovation can reduce costs & risks for participants whilst accelerating the search, selection & implementation process © 2014 VEX Ventures Limited. All rights reserved.

Collaborative Our Vision Innovation Networks To see the economy led by a new generation of responsible businesses that succeed through the collaborative creation of enduring value for society and the environment. © 2013 VEX Ventures Limited. All rights reserved.

Our Mission To be an world class catalyst for the collaborative exploring, testing and scaling of innovative solutions to pressing business issues.

INTRO DECK Our Value Proposition VEX delivers an effective process of collaborative innovation that: ! • ! ! ! ! ! builds networks of business partners, subject matter experts, academics, NGOs and entrepreneurs • focuses on innovation challenges to meet the strategic aims of its partners • • • • facilitates an holistic approach to innovation facilitates collaborative ideation, testing and scaling provides a secure, neutral platform with comprehensive IP protection exposes partners to potential disruptive innovation © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK How do we do it? Through a simple yet robust StageGate framework facilitated by the VEX team StageGate 0 1 Identify challenges VEX Business Partners Open Innovation on/offline © 2014 VEX Ventures Limited. All rights reserved. 2 Explore solutions VEX Community on/offline 3 Test new ideas Resources 4 Develop business case Scale the innovation VEX Advisory Exit

INTRO DECK The VEX Community © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK VEX Business Partners VEX Business Partners form the bedrock of the VEX Community. Progressive, innovative organisations with a shared belief that great ideas flow from collaborating with others outside their own walls. ! VEX Business Partners are critical to setting the innovation agenda at VEX. As members of our Advisory Board, you will plan and agree an annual programme of activity for the VEX Community by identifying real and pressing business challenges that you share with other Business Partners. ! The VEX Process is then leveraged to generate new ideas that can be tested and evaluated collaboratively. ! At VEX, we keep an open-minded view of innovation we don’t predetermine an innovation challenge as being product or process orientated - preferring to focus on clearly framing a problem, then bringing together the smartest collection of people we can to collaborate on solutions. © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK VEX Associates VEX Associates are the glue of the VEX Community. Progressive, innovative and independent specialists with a shared belief that great ideas flow from collaborating with others outside their own discipline and with organisations at the coalface. ! VEX Associates are critical to building and developing the VEX Community. They play a key role in helping VEX Business Partners to generate ideas, test and evaluate new solutions to identified business challenges. ! You will bring fresh insight, perspectives, expertise and energy to the collaborative innovation process as an entrepreneur, small business owner, inventor, subject matter expert or business advisor. ! VEX keeps an open mind on innovation - we focus on clearly framing a problem and then bringing together the smartest collection of people we can to collaborate on solutions. © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK VEX Fellows VEX Fellows form the backbone of the VEX Community. Progressive, innovative and thinkers with a shared belief that great ideas flow from collaborating with others outside their own discipline and with organisations at the coalface. ! VEX Fellows are key to setting the agenda at VEX. They play a key role in helping VEX Business Partners to plan and agree an annual programme of activity for the VEX Community. ! Becoming a VEX Fellow is by nomination or invitation only and selection is rigorously based upon distinguished expertise or service in areas of relevance to the VEX Community. ! Over time the VEX Fellowship will build into a high-level and exclusive social network of leading innovators across business, government, civil society and academia. It will be supported through a variety of online and offline tools to strengthen the bonds between its Fellows. © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK The benefits? • Employee engagement - an energising experience ! • Improved idea generation through open innovation ! • Reduced risks & costs of testing / evaluating ideas ! • Accelerated speed to implementation ! • Improved organisational performance & competitiveness © 2014 VEX Ventures Limited. All rights reserved.

INTRO DECK The VEX Advantage VEX provides the following: ! ! ! • • A combined 50+ years of experience in collaborative innovation • An extensive community of advisors, subject matter experts, academics and entrepreneurs to collaborate with • VEX is based in the Innovation Centre at the heart of University of Exeter campus, with close links to the Business School Deep experience of entrepreneurship, innovation management and complex stakeholder communications © 2014 VEX Ventures Limited. All rights reserved.

VEX VENTURES LIMITED Innovation Centre Rennes Drive Exeter EX4 4RN ! T +44(0)845 527 7220 E mail@vexventures.com Twitter @VEXVentures Web http://www.vexventures.com © 2014 VEX Ventures Limited. All rights reserved.

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