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curated by Vincent Pirenne
THEINNOVATIONMATRIX.
FINDTHEINNOVATIONSTRATEGY
THATFITS YOURCOMPANY
THE INNOVATION MATRIX.
FIND...
curated by Vincent Pirenne
THEINNOVATIONMATRIX.
Part 1/2.
Patterns in the innovation matrix
THE INNOVATION MATRIX.
FIND TH...
“What is the best
innovation initiative
for our organisation?
How much time do
we need to give
them?
”
How can we embed
in...
Photo by Jakub Gorajek on Unsplash
There’s a galaxy of innovation formats out there.
*
innovation
workshops
*
design
sprints
*
innovation
centers
*
accelerators
*
incubators
*
startup
funds
*
innovation
chal...
Let’sdesignawaytomakedecisionseasier.
2 vital parameters to navigate
through innovation initiatives
COMMITMENT
We define innovation programs as any
activity tha...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
TheinnovationMatrix
inthewordsof users
I've used the innovation matrix to position Orange Valley innovation
efforts toward...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Let’s find your way in the Innovation Matrix
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
”
TheInternal Accelerator in
thewordsofUnilin
Innovation thrives on entrepreneurship. With Board of Innovation, we created...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
5
Doyouwanttotakethe
nextsteptoembed
innovation?
When you’ve explored the non-structural
intitiatives, it is time to take ...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
TheinnovationMatrix
inthewordsofourclients
At Engie we are constantly improving our innovation efforts, to boost the
impac...
TheInnovationMatrix:
Watch the webinar
Watch it here
curated by Vincent Pirenne
THEINNOVATIONMATRIX.
Part 2/2.
Different innovation initiatives
THE INNOVATION MATRIX.
FIND THE...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Aninnovationworkshopisa(1+days)
session through which employeesare
invitedtocreatenewideasorbusiness
concepts outside of t...
TheinnovationMatrix
inthewordsofourclients
Innovation workshops or bootcamps are a good first discovery of new
innovation ...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Acommunityofpracticeisacross- functional
groupofpeoplewithinan organizationwith
commoninterestsand goalswhoshare
expertise...
TheCommunityofPractice in
thewordsofPhilips
At Philips HealthWorks, it is our mission to strengthen and accelerate our
pip...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Acenterofexcellenceisaformal groupin
theorganizationthat coordinates
innovationinitiativesto ensurethat
innovationisstruct...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
A Design Sprint is a (five-day)
process for answering critical business
questions through design, prototyping,
and testing...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Aninnovationacceleratorisaninternal
innovationprogramtofreeuptime
for intrapreneurs to develop, test and grow
new business...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Emerging(orNew)BusinessAreasare
sandboxenvironmentswherenew business
initiativescangrowbeforethey provetheir
profitability...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Aninnovationchallengeisanopen
initiativetogetexternalexpertise to
solve organizational orsocietal
challenges.
BENEFITS
+ B...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Anexternalstartupincubatorisa
corporateinitiativetosupport,grow
andevaluateexternalstartupsfora
specificperiodoftime.
BENE...
Startup
Fund
Emerging
Business
Areas
Centerof
Excellence
External
Incubator
Internal
Accelerator
Community
ofPractice
Inno...
Astartupfundisacorporatefundthat invests
inexternalopportunities.Itaims togenerate
growththroughexternal capabilitiesinlin...
TheInnovationMatrix:
printoutthissummary.
Download the poster here
Lookingforyourpersonalizedway
intoInnovation?
YourInnovationConsultant is
onlyoneemail away.
PhotobyJean-FredericFortieron...
Feelfreetotweak,fix,remixanypart
of this work,as long as itis fornon-
commercialpurposesand you
credit BoardofInnovation.
...
Innovation Matrix
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Innovation Matrix

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Innovation Matrix

  1. 1. curated by Vincent Pirenne THEINNOVATIONMATRIX. FINDTHEINNOVATIONSTRATEGY THATFITS YOURCOMPANY THE INNOVATION MATRIX. FIND THE INNOVATION STRATEGY THAT BEST FITS YOUR COMPANY
  2. 2. curated by Vincent Pirenne THEINNOVATIONMATRIX. Part 1/2. Patterns in the innovation matrix THE INNOVATION MATRIX. FIND THE INNOVATION STRATEGY THAT BEST FITS YOUR COMPANY
  3. 3. “What is the best innovation initiative for our organisation? How much time do we need to give them? ” How can we embed innovation in our organisation? How can we discover & free up intrapreneurial talent. ThepathofInnovationisnotlinear.
  4. 4. Photo by Jakub Gorajek on Unsplash There’s a galaxy of innovation formats out there.
  5. 5. * innovation workshops * design sprints * innovation centers * accelerators * incubators * startup funds * innovation challenges * hackathons * emerging business areas Photo by Jakub Gorajek on Unsplash How to choose the format that will your organization the most?
  6. 6. Let’sdesignawaytomakedecisionseasier.
  7. 7. 2 vital parameters to navigate through innovation initiatives COMMITMENT We define innovation programs as any activity that influences and innovates a company strategy. This could range from a 4- hour workshop to a 2-year strategic innovation plan. So, the first variable in selecting the right innovation program is: do you need a one-off event (e.g. a design sprint, a workshop, etc.) or a structured plan (e.g. a center of excellence)? CAPABILITIES The first question you should ask yourself is: do you want to build on internal or external capabilities for innovation to happen? You may either promote the acquisition of a startup, or encourage intrapreneurial thinking with existing capabilities.
  8. 8. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM TheInnovation Matrix internalmixed CAPABILITIES external Structural COMMITMENT non-structural
  9. 9. TheinnovationMatrix inthewordsof users I've used the innovation matrix to position Orange Valley innovation efforts toward the matrix, and it was really helpful. It allowed us to map out our current initiatives, and make a plan for the next steps, moving from intrapreneurship to emerging business model square. Nicolas Bry– Chief Innovation Officer Orange Valley
 International Innovation Executive ”
  10. 10. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM TheInnovation Matrix internalmixed CAPABILITIES external Structural COMMITMENT non-structural
  11. 11. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM TheInnovation Matrix internalmixed CAPABILITIES external Structural COMMITMENT non-structural Let’sdiveinto 6 differentpatterns, toidentifyyouridealstrategy.
  12. 12. Let’s find your way in the Innovation Matrix
  13. 13. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM internalmixed CAPABILITIES external Structural COMMITMENT non-structural 1 Doyouwanttogrow internalcapabilities? Organisations are under heavy pressure to transform the skills of employees. This is often driven by digitalisation, acceleration, new competition,.. The following programs are designed to change peoples capabilities. Note: In order to change behaviour time is needed. Make sure to manage expectations. Perfect Helpful Wrongway
  14. 14. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 2 Doyou want to promote intrapreneurship? Internal capabilities are not the only way out. Design sprints or accelerators where external knowledge / feedback is used to grow business ideas, might be a good way to mix capabilities. Note: Make sure to give the intrapreneurs enough freedom to disconnect from the organisation. internalmixed CAPABILITIES external Perfect Helpful Wrongway Structural COMMITMENT non-structural BOARDOFINNOVATION.COM
  15. 15. ” TheInternal Accelerator in thewordsofUnilin Innovation thrives on entrepreneurship. With Board of Innovation, we created an internal accelerator, called the Unilin Arena. The Arena brought significant positive energy and made our most entrepreneurial employees step forward, coming up with refreshing new business ideas to be part of it. Focused boot camps and Board of Innovation’s lean start-up coaching of Arena finalists led to validated business cases in less than half a year. An accelerator has business (innovation) and people (entrepreneurship) benefits. JorritGillijns– Innovation Manager at Unilin
  16. 16. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 3 Do you value external growth above internal transformation? Your organization is looking for fast business growth. The use of external resources can boost your business inorganically. Note: Corporate venturing isn’t the easiest activity, so be sure to spread your risk and grow your maturity step- by-step. internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural
  17. 17. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 4 Doyouhaveonesingle issueto tackle? One-off programs are short and sweet. In a matter of a few hours or days you are able to offer your employees a flavor of what innovation is. Note: Be aware that these programs tackle one single problem, deliver one single message, and train employees over a specific array of skills. It’s etter to be specific in the problem statement with this kind of programs, or you’ll get lost in irrelevance. internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural
  18. 18. 5 Doyouwanttotakethe nextsteptoembed innovation? When you’ve explored the non-structural intitiatives, it is time to take the next step. These initiatives help you to truly give the space to new initiatives to grow. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural
  19. 19. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 6 Doyouwanttoestablish along-terminnovation pipeline? Looks like innovation is at the very center of yourcompany: great tohear that. There’snow opportunity for high-level strategic discussion. By choosing long-term, highly- integrated initiatives, you’llmake surethat yourinnovation plan has the necessary time frame to impact youroperations and internal organization. internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural
  20. 20. TheinnovationMatrix inthewordsofourclients At Engie we are constantly improving our innovation efforts, to boost the impact of our innovation strategy. The innovation matrix is a great tool to map out our innovation efforts and plan future initiatives. Hereby we can always anticipate our next step. Geert Fostier– Head of Innovation B2C, 
 Head of Business Development at ENGIE BeNeLux ”
  21. 21. TheInnovationMatrix: Watch the webinar Watch it here
  22. 22. curated by Vincent Pirenne THEINNOVATIONMATRIX. Part 2/2. Different innovation initiatives THE INNOVATION MATRIX. FIND THE INNOVATION STRATEGY THAT BEST FITS YOUR COMPANY
  23. 23. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop TheInnovation Matrix internalmixed CAPABILITIES external Structural COMMITMENT non-structural
  24. 24. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM TheInnovation Matrix internalmixed CAPABILITIES external Structural COMMITMENT non-structural Let’slookat these9 initiatives, inabitmoredetail.
  25. 25. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM internalmixed CAPABILITIES external Structural COMMITMENT non-structural 1 Doyouwanttogrow internalcapabilities? Perfect Helpful Wrongway Centerof Excellence Community ofPractice Innovation Workshop
  26. 26. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM internalmixed CAPABILITIES external Structural COMMITMENT non-structural 1 Doyouwanttogrow internalcapabilities? Perfect Helpful Wrongway Innovation Workshop
  27. 27. Aninnovationworkshopisa(1+days) session through which employeesare invitedtocreatenewideasorbusiness concepts outside of the normalwork process. BENEFITS + Good use of internal knowledge and assets + Good way to spark an internal innovation culture CHALLENGES - Difficult to grow radical ideas - Selecting the right ideas - What happens next? 1 Innovationworkshop
  28. 28. TheinnovationMatrix inthewordsofourclients Innovation workshops or bootcamps are a good first discovery of new innovation formats. In a short period of time you can create tons of ideas. A watch-out is to make sure that the mass of ideas generated is usable and business oriented, therefore clear directions are needed. Afterwards, a good filtering is necessary to select those ideas that can bring the expected growth. Laurens Dejager – Innovation Manager BeNeLux at Anheuser-Busch InBev ”
  29. 29. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM internalmixed CAPABILITIES external Structural COMMITMENT non-structural 1 Doyouwanttogrow internalcapabilities? Perfect Helpful Wrongway Community ofPractice Innovation Workshop
  30. 30. Acommunityofpracticeisacross- functional groupofpeoplewithinan organizationwith commoninterestsand goalswhoshare expertisewithinthe organization. BENEFITS + Higher chance of organizational acceptance + Good use of internal resources + Growth of internal capabilities CHALLENGES - Slower speed - Difficult to grow radical ideas 2 CommunityofPractice
  31. 31. TheCommunityofPractice in thewordsofPhilips At Philips HealthWorks, it is our mission to strengthen and accelerate our pipeline with breakthrough innovation and toact as a transformation catalyst in HealthTech.Weuse a lotof the approaches fromthis quadrant depending on the specific need or problem to be solved. As an example, recently we started a CommunityofPracticetodevelop ourBusiness Model Innovation capabilities tothe nextlevel.Weneed this as many of ourinternal and external venturing activities are testing new business models to solve some wicked problems in the Healthcare domain. ACoPapproach helped us toexplore howsuch a capability would looklikeand tounlockexisting experiencesand capabilities frominternal an externalsources. PerryNouwens– Innovation Lead at Philips Healthworks ”
  32. 32. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop BOARDOFINNOVATION.COM internalmixed CAPABILITIES external Structural COMMITMENT non-structural 1 Doyouwanttogrow internalcapabilities? Perfect Helpful Wrongway Centerof Excellence Community ofPractice Innovation Workshop
  33. 33. Acenterofexcellenceisaformal groupin theorganizationthat coordinates innovationinitiativesto ensurethat innovationisstructurally embeddedinthe organization. BENEFITS + Cleargo-topointfor innovation + Focused innovationefforts + Long-term innovation planning CHALLENGES - If notgiven enough resourcesand freedom,the impactofan innovation councilmightbelimited 3 CenterofExcellence
  34. 34. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 2 Doyou want to promote intrapreneurship? internalmixed CAPABILITIES external Perfect Helpful Wrongway Structural COMMITMENT non-structural BOARDOFINNOVATION.COM Design Sprint
  35. 35. A Design Sprint is a (five-day) process for answering critical business questions through design, prototyping, and testing ideas with customers.It is an ad-hocinitiativethatforcesemployeesto interactcloselywiththeoutsideworld. BENEFITS + Rapid idea development + Rapid external validation +Focusonspecificprojects CHALLENGES - Focus on desirability and viability, but not on idea feasibility 4 DesignSprint
  36. 36. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 2 Doyou want to promote intrapreneurship? internalmixed CAPABILITIES external Perfect Helpful Wrongway Structural COMMITMENT non-structural BOARDOFINNOVATION.COM Design Sprint Internal Accelerator
  37. 37. Aninnovationacceleratorisaninternal innovationprogramtofreeuptime for intrapreneurs to develop, test and grow new business ideas in a few months outside of organizational processes and deliverables. BENEFITS + Build on internal knowledge while exploring new opportunities + Give support to internal talent CHALLENGES - Difficult to select & free up the right intrapreneurial people 5 InternalAccelerator
  38. 38. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 2 Doyou want to promote intrapreneurship? internalmixed CAPABILITIES external Perfect Helpful Wrongway Structural COMMITMENT non-structural BOARDOFINNOVATION.COM Design Sprint Internal Accelerator Emerging Business Areas
  39. 39. Emerging(orNew)BusinessAreasare sandboxenvironmentswherenew business initiativescangrowbeforethey provetheir profitabilityandpotentiallyenteranexisting businessunit,orbecomea newbusinessunit. BENEFITS + Further project freedom + Both transformational and business growth potential CHALLENGES -EBAs carry significant uncertainty. Continuing belief and support at the executive level is essential. 6 EmergingBusinessAreas
  40. 40. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 3 Do you value external growth above internal transformation? internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural Innovation Challenge
  41. 41. Aninnovationchallengeisanopen initiativetogetexternalexpertise to solve organizational orsocietal challenges. BENEFITS + Brings in external knowledge to solve internal challenges + First step to apply open innovation in an organization CHALLENGES - Quality of ideas uncertain/unknown - High PR effort needed 7 InnovationChallenge
  42. 42. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 3 Do you value external growth above internal transformation? internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural Innovation Challenge External Incubator
  43. 43. Anexternalstartupincubatorisa corporateinitiativetosupport,grow andevaluateexternalstartupsfora specificperiodoftime. BENEFITS + Good way to experiment with radical innovations + Good way to explore startup collaborations before investment CHALLENGES - Difficult to connect / integrate activities with core business 8 ExternalIncubator
  44. 44. Startup Fund Emerging Business Areas Centerof Excellence External Incubator Internal Accelerator Community ofPractice Innovation Challenge Design Sprint Innovation Workshop 3 Do you value external growth above internal transformation? internalmixed CAPABILITIES external Perfect Helpful Wrongway BOARDOFINNOVATION.COM Structural COMMITMENT non-structural Innovation Challenge External Incubator Startup Fund
  45. 45. Astartupfundisacorporatefundthat invests inexternalopportunities.Itaims togenerate growththroughexternal capabilitiesinline withthestrategic objectivesofanorganization. BENEFITS + Ideal space to generate growth through external capabilities + Bring external assets in house CHALLENGES + Startup scouting is a time-consuming and difficult activity + M&A is, by default, a risky activity 9 Startupfund
  46. 46. TheInnovationMatrix: printoutthissummary. Download the poster here
  47. 47. Lookingforyourpersonalizedway intoInnovation? YourInnovationConsultant is onlyoneemail away. PhotobyJean-FredericFortieronUnsplash
  48. 48. Feelfreetotweak,fix,remixanypart of this work,as long as itis fornon- commercialpurposesand you credit BoardofInnovation. If you don’t,bad karma onyou. Didwemissanything? Reachout! Board of Innovation makes corporates innovate like startups, mixing proven methods from Design Thinking and Lean Startup. www.boardofinnovation.com VincentPirenne Innovation Strategist vincent.pirenne@boardofinnovation.com

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