Slide1: Advancing the Process of Innovation Inovo


Focused on the Front End of Innovation: Focused on the Front End of Innovation Understanding your company’s existing knowledge, capabilities and intentions Discovering the unmet needs of current and future customers Discovering and synthesizing new knowledge to catalyze ideas and opportunities Exploring your current world –and plausible future worlds Inovo creates value through a structured process of innovation to develop significant, new opportunities and make them happen


Fitting in with the rest of the process: Compress Time Increase Adoption Fitting in with the rest of the process Cause Effect Corporate Capabilities Failure ROI Blockbuster Speed Adoption FRONT END Increase Yield Market Research Community R&D Marketing Mind of the Customer Business Ecosystem LAUNCH NPD


Innovation – How do you Explore?: Innovation – How do you Explore? A company’s search for new products is like launching ships to explore new lands Some ships never launch Some ships aren’t well built Some ships lack direction Innovative exploration requires good ships, a good crew, the right provisions, a clear charter and a willingness to go into the unknown The Desire The Reality The Possibility The ‘Castle and Ships’ Metaphor for New Business Development – Your Castle – Your core business that you continually build and defend Your Ships – How you explore for new opportunities


Explore in the Right Way: Explore in the Right Way


Inovo’s Innovation Process: Inovo’s Innovation Process Customer Needs & Desires Planning Understanding Ideation Outreach Assessment PROCESS Technology Possibilities Product / Concept Knowledge Market Response Technology Mapping Community Mapping Solution Mapping Outreach & Elicitation Dialog & Observation Dynamic Modeling Market Testing Context Setting Ideation Session Design Burst Decision Setting Process Training METHODS EVENTS KNOWLEDGE


Founders: Founders The Inovo team includes … An extensive network of expert collaborators in science, technology, engineering, industry, finance, education, government and business Larry Schmitt, Ph.D. Involved in innovation activities for over 30 years – as both a technologist and an executive. Worked for General Electric and was on the leadership team of two start-ups prior to Inovo. Over 20 years of experience working with innovative companies in roles in management, engineering, and research. Worked for Motorola, NASA, and three start-ups prior to Inovo. Steve Schwartz, MS, MBA Founded in 2001 by lschmitt@inovotech.com (734) 604-3887 sschwartz@inovotech.com (734) 717-6224


The Focus is Innovation: The Focus is Innovation The Experience is – B2B, B2C Industry, Government, Education IT, Telecom, Medical Device, Consumer Goods, Semiconductors, Pharma, Automotive, Biotech, R&D … Materials, Information, Behavior


With Proven Results: With Proven Results Automotive power distribution Drug compliance service FPD Inspection Auto dealer service Home networking automation Electronic substrate platform Hybrid Vehicles Home Appliances Automotive Safety Created over 35 knowledge communities having a cumulative membership of over 1,500 people Generated and evaluated over 500 new solution concepts Built several dozen dynamic models of opportunity ecosystems Launched over 20 new businesses and/or major products & services Planned revenue opportunities of over $1.5B within the next 5 years 5 Years of Deliverables Results – New Products and Services Automotive manufacturing metrology Semiconductor/Electronics manufacturing processes Biological engineering Nano-engineered materials Batteries and Fuel Cells Medical devices Drug Development Process


Contact: Inovo Technologies, Inc. 202 E. Washington St., Suite 703 Ann Arbor, Michigan 48104 USA (734) 213-2100 info@inovotech.com Contact