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One of the implications is this growing recognition that innovation is rarely succeeding in isolation but it is growing on a more highly dependent type of complementary innovation, a collaborative network, working around this new emerging innovation to deliver a more connected, radical experience, requiring innovation ecosystem management.
Collaboration is formed at the hip with Co-creation. The power of socialinnovation and linking your product to societal needs Scaling becomes important to expand this out. We need to “reconnect to dominant economic activities of the larger society”, add a ‘higher’ purpose into our innovation activity.
Big companies are relying on mergers and acquisitions, joint ventures, and licensing, with huge funds set aside to grow and consolidate, for continuous and disruptive innovation. Source: Stanford SocialInnovation Review. Bharat Innovation Fund. Infosys Innovation Fund. Part 1: India.
Inspire Innovation with Our Ultimate Holiday Gift Guide. The skinny: You’re going to love Spigit’s 2015 Ultimate Holiday Gift Guide, with a handpicked selection of gifts ranging from books to events to fun goods. Let this guide help you inspire innovation in your organization. Who it’s from: Spigit. Read more ».
To determine if an innovation is truly inclusive, read about the Ladder of Inclusive Innovation outlined by Heeks, Foster, and Nugroho.). In 2018, UNDP held a hackathon in Lesotho to encourage product innovations for inclusive financial services. Read more about their amazing projects for low-wage markets here.)
In 2015, after two years of intensive public consultation and an historic accord with 193 countries, the United Nations (UN) set the 2030 Agenda for Sustainable Development. This ambitious agenda aims to tackle 17 Sustainable Development Goals (SDGs) across social, environmental and economic dimensions.
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