Talk delivered at CIR Series http://www.hvm-uk.com/events/register/

1. MARKET TRANSFORMING INNOVATION
© Sentec 2014
THEVALUE AND FUNDING OF INNOVATION
Steve Dawson
6th SMART GRIDS & CLEANPOWER CONFERENCE
3-4 June 2014, Cambridge, UK www.hvm-uk.com

2. MARKET TRANSFORMING INNOVATION
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3. MARKET TRANSFORMING INNOVATION
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The Innovation Pandemic:
• Over abundance of proffered advice on how to ‘do innovation’.
• Confusing & Conflicting methodologies, Processes, Best Practice.
• Theoretical methodologies do not fit bespoke situations.
It’s Snake Oil
Consider a Parallel – MRP Systems:
• Careful, in-depth, collaborative analysis of company needs.
• Professional, tendered, owned, implementation with customisation.
• Ownership, ongoing management, critical to business operation
RememberThe 7 P’s
Innovation…..A calm and collected approach:
• Don’t Panic......it’s just problem solving
• Don’t rush in
• Do it, and do it right for your business
Understand What Innovation MeansToYour Business

4. MARKET TRANSFORMING INNOVATION
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Revenues +42%
Profits +84%
Revenues +47%
Profits +65%
Strength
Weakness
Innovation Action
Results

5. MARKET TRANSFORMING INNOVATION
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Keep it simple:
Solve the right problem,
with the right people,
the right tools,
and the right partners

6. MARKET TRANSFORMING INNOVATION
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So if we know what funding is……..and we know what the value is………..why is it so
hard to get funding……and how come not all ‘funded innovation’ is successful?
Stationary Step changeRetarding
Improvement
£
Invention
£££££
Innovation
££
Customer service is an attitude NOT a department……..
‘Funding’ your idea is an attitude not an action……

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Don’t panic “Innovation” is just problem solving
The value of innovation is in understanding what it
means to your business
Funding your idea is an attitude NOT an action

8. MARKET TRANSFORMING INNOVATION
© Sentec 2014
3rd June 2014
Steve Dawson
VP Consulting
steve.dawson@sentec.co.uk | +44 1223 303800 | www.sentec.co.uk
Sentec
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