Innovation Academy Shorts: What is the Innovation Funnel?

What is the Innovation Funnel?

Description

The Innovation Funnel is a process used to screen new ideas for commercial viability. In our this 4-part course, our Director of Content Operations, Kavya Kumaresan, gives us an overview of this entire process from start to finish. She outlines how The Innovation Funnel differs from the Stage Gate Process, as well as the key teams involved (and their respective roles).

Duration
This unit has 0 Minutes of videos.

Unit Progress

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Modules
  1. What is the Innovation Funnel?
  2. The Open Innovation Team
  3. The Technology Scouts
  4. The Research and Development Team

Modules


Module 1

What is the Innovation Funnel?

Duration: 0 Minutes

Completed

In this module, Kavya walks us through the key differences between the Innovation Funnel and the Stage Gate Process. She covers the top tips you can implement to succeed at each stage of the Innovation Funnel as well as the functional teams involved.

Module 2

The Open Innovation Team

Duration: 0 Minutes

Completed

The Open Innovation team is a relatively new, but increasingly popular, concept. In this module, Kavya outlines how Innovation teams look at a range of data points throughout the innovation cycle, and the external sources they rely on for ideation.

Additional Resources
Innovation Capital Podcast with guest John Allies - Open Innovation as a Service
Module 3

The Technology Scouts

Duration: 0 Minutes

Completed

With some similarities to the Open Innovation team, Technology Scouting teams are the hunter gatherers of external ideas. In this module, we discuss how these teams source ideas that can be licensed, as well as how this accelerates the company's R&D pipeline.

Module 4

The Research and Development Team

Duration: 0 Minutes

Completed

More commonplace than the aforementioned teams, R&D teams are a critical group within the Innovation Funnel. While this team differs by company, R&D teams are consistently tasked with creating new products relevant to their audience. In this module, we outline how this team functions and collaborates throughout the innovation process.

Additional Resources
Innovation Academy Short Course: Key Concerns for R&D Leaders