The value of failure in innovation

The value of failure in innovation

When accidents happen, they often lead to unexpected innovations. From Play-Doh to Teflon, accidents have been the trigger for many successful outcomes. The key is to prepare the ground for accidents by creating an environment where there is space and time to experiment and fail. To make the most of accidental innovation, we need to connect with others and make sure our accidents are widely publicized so others can make new connections. This is where innovation marketplaces and brokers can help. The underlying challenge is how to open up to unexpected connections.