What is an Innovation Business Developer?

What is an Innovation Business Developer?

Innovation management isn't just about ideation and design thinking. Innovation business development skills are essential to the process of transforming an idea into a successful product. An Innovation Business Developer works closely with the core product team to enrich the value proposition with target users and build a network of contacts and resources that can help commercialize and co-build the product. This person acts as a startup business developer, identifying opportunities and attracting support from both internal and external sources. A case in point is I2M, a corporate venturing start-up responsible for commercializing innovations developed by Mann+Hummel research teams. Its focus areas are Clean Air, Clean Water, Life Science, and Energy. I2M embodies innovation business development, operating like a startup with a makers state of mind, and emphasizing simplicity, speed, and effectiveness. It aims to be a ‘0 fix cost‘ company, with teams hitting the nail.

View

More Innovation Resources:

Product Portfolio Management: Connecting a Vision to Strategy and Budgets

Managing early stage product concepts and selecting the best ones is crucial for successful product portfolio management. Here's how to effectively connect long-term goals to day-to-day management.

View

The Product of The Future

Future products will be a combination of virtual and physical components, connected, reconfigurable and smart; value creation will occur in increasingly complex networks and collaboration is key.

View

What are the benefits of Gantt Chart in innovation management?

Gantt Charts are becoming increasingly important in innovation management. Here are 10 benefits of using them.

View