Managed Innovation Service
What we do, why it is important, what is the result
1) BlueCallom takes over management and responsibility
It may be daunting to manage a billion Euro innovation effort while having countless other responsibilities. As an executive, you want to ensure that your first real innovation project is booming, and learning by doing is not an option. The BlueCallom innovation experts team and its executives manage and guide an innovation project with its full attention.
While we manage the innovation journey, we suggest the team, typically 6 to 12 people, come from within the organization. We will interview, select and onboard them into the project, train them, and start innovating. If no resources are available, we can hire the team.
3) Progress, Milestones, and Reporting
Innovation is about relentless execution. Our project leadership will moderate, guide, and coach the team and empower them to unexpected capabilities. More than 120 milestones need to be completed, and for each, we provide reports and guidance to the company management.
Six months after their training, the team has created a breakthrough innovation concept, including market validation, ready to fund the next phase, Phase 2 of 3. One year later, the innovation is in the market and explored by serious customers. If any regulations need to be fulfilled, the necessary compliance work extends the process. Two years later, the innovation is on an exponential growth course and completes Phase 2, transcending to the last Phase 3. The scaling and going global phase take another 3 to 5 years, and the BlueCallom team can manage the phases individually. At the end of Phase 3, the innovation should be recognized market leader, deliver an ROI, and represent 10+% of the corporation’s revenue with significantly above-average profitability.