From Idea to Impact: Inside Innventik’s Dynamic New Venture Creation Program
- Home Articles & Publications
- From Idea to Impact: Inside Innventik’s Dynamic New Venture Creation Program
From Idea to Impact: Inside Innventik’s Dynamic New Venture Creation Program
Madrid, May 15, 2024. Innventik has established collaborations with companies, technology centers, and universities to generate “New Venture Pilot Projects”, by exploring potential commercial exploitation of their know-how, technologies, products, services, or solutions. In today’s dynamic business landscape, innovation is the cornerstone of success. Companies striving to stay ahead recognize the need to constantly explore new avenues, harness emerging technologies, and seize untapped opportunities. In this pursuit, collaboration becomes key, and that’s where Innventik steps in with its groundbreaking New Venture Creation Initiative.
Pioneering Collaboration for Innovation
Innventik pioneers a collaborative approach, bridging the gap between companies, technology centers, and universities to ignite innovation. The core of this initiative lies in creating New Venture Pilot Projects, aimed at exploring the commercial potential of existing know-how, technologies, products, services, or solutions.
A Strategic Evaluation Framework
Central to the initiative is the Quick Assessment process, a structured framework designed to swiftly evaluate the feasibility and potential of each project. This assessment covers critical aspects including Market, Business, Technology, and Strategy, providing stakeholders with valuable insights to make informed decisions.
Unveiling the Deliverables
The deliverables from Innventik’s Quick Assessment are comprehensive and insightful:
- Business Assessment: From basic business cases to pitch presentation decks, every aspect of the business model is meticulously analyzed.
- Technology Intelligence Assessment: Key technologies, competitive solutions, and patent landscapes are scrutinized to uncover strategic advantages.
- Market Assessment: Segmentation analysis, customer value understanding, and feedback collection provide crucial market insights.
- Strategy Assessment: Strategic planning, scenario mapping, and collaboration options empower stakeholders with a clear roadmap for success.
Unlocking Strategic Value
The benefits of Innventik’s initiative are manifold:
- Evaluation of Potential: Stakeholders gain a deep understanding of the project’s attractiveness and feasibility.
- Creation of Strategic Value: New ventures emerge as strategic sources of revenue generation and international prestige.
- Decision-Making Support: Informed decisions on whether to proceed to the Formation Stage are facilitated.
- Preliminary Customer Feedback: Initial insights from target segments aid in refining strategies.
- Fundamental Elements Generation: Crucial elements for identifying incentives, funding, and collaborations are generated.
- Team Empowerment: Training in New Ventures creation equips teams with the skills needed for success.
Shaping the Future of Innovation
Innventik’s New Venture Creation Initiative is not just about generating ideas—it’s about transforming them into tangible, market-ready ventures. By fostering collaboration, leveraging expertise, and providing strategic guidance, this initiative is shaping the future of innovation, one venture at a time.
Join the Innovation Revolution
Are you ready to revolutionize innovation and unlock the full potential of your ideas? Partner with Innventik today and embark on a journey of discovery, collaboration, and success. Together, let’s pioneer the future of innovation.
Madrid, May 15, 2024.