What do you need to take your innovation to the next level?
Posted on 13/12/2019
KTN’s Innovation Canvas has been designed to help businesses create value from their innovation and access the tools and resources needed to make their ideas a commercial success. It has been used widely by the team at KTN to run workshops at events and to have multiple ‘developing innovation’ conversations with companies.
This week sees the launch of the NEW digital version of the Innovation Canvas, which will allow individuals or teams to complete the Canvas on their own and quickly evaluate an existing project, develop an innovative new idea, or inform a funding application.
Businesses are already seeing lots of advantages of using the Innovation Canvas including;
● Accelerate the development of new products and services
● Make better informed decisions
● Create more focused pitches and funding applications
● Identify and mitigate risks within current projects
Clean Growth UK has used the Innovation Canvas as a diagnostic tool in parallel with their own needs assessment tool for companies developing clean or green business innovation projects. Commercialisation Manager at Clean Growth UK, Lorraine Bell said, “The Innovation Canvas provides an excellent framework for us to work closely with companies to consider the innovation challenges when working on clean and green product and service projects. It makes our process much more efficient, saving time in addressing the barriers to developing innovation projects. It helps us prioritise which steps are the most important within the process and allows us to benchmark the TRL (Technology Readiness Level) level within companies”.
Children’s playground equipment manufacturer, Playdale, regularly use the Innovation Canvas to manage their business strategy, from people to innovation and customer care to culture. Lynne Metcalfe, HR Director at Playdale said, “For Playdale the Innovation Canvas helps us manage risk and identify the skills, resource, financial and external factors we need to consider for each individual project and to help move the business forward. It helps us ask the right questions up front. We believe we have become much more innovative as a business”.
So, if you are looking to take your innovation to the next level, why not check out the Innovation Canvas tools and resources here.