Nosco

Wise words from an experienced innovator! Innovation is especially important during hard times to survive in the long run. And you do not need take our word on it: research by McKinsey shows that through-crisis innovators outperformed the market during the crisis by 10%, and by up to 30% in post crisis years📈💪 #thetimeisnow #corporateinnovation #innovationculture

Once a year we invite some of our trusted clients and friends of Nosco to join us for a day of innovation deep diving. We discuss, inspire and share, but above of all, we get a chance to connect with likeminded people. Last week we hosted our 5th Nosco Forum with the great company of Ana Marinic Søren Jensen Malgorzata Polecinski Søren Herskind Christian Friis Marie Terese Nalbandian Veronika Janouchova Torben Holst Nielsen Rasmus Lund Bendtsen Morten Brandt Karlsen Amalie Gaard Edward Maurer Here are some of the topics that were shared: ❤️ Psychological safety is the basis of all innovation, and we can all benefit from spending more time on building that foundation 🤖 Much has been said about AI and innovation, and its impact is largely overrated. The main use cases are with large data sets 📊 While the importance of tomorrow's business is widely accepted, little time is spent on tracking and reporting on its progress. This must be handled with same scrutiny as the business of today 🖥 The Nosco platform has many use cases beyond strictly innovation-related idea campaigns and funnels. Examples include kaizen and esg tracking, product pipeline and project progress Thanks to everyone that joined! #noscoforum #innovation #corporateinnovation #innovationculture #innovationplatform #platform #ideamanagement

Innovating with students is a great way to get fresh ideas and it is possible to create real impact, if done right. Read Jesper Müller-Krogstrup's comments and find out what it takes to succeed 👇

Companies that invest in innovation are also better wired for adopting new technologies such as GenAI❗ In a recent survey by McKinsey & Company, the relation between companies with strong innovation cultures and the adoption of new technologies, in particular generative AI, is investigated and the result is clear: companies that invest in building a strong innovation culture are also better wired for adopting the new technologies that will inevitably impact all companies at some point. We are pleased (and not surprised) to see that the same practices we help companies build, are also the ones that enable them to better adopt new technologies: understand the underlying problem to solve, work according to agile principles, assemble diverse teams, run tests on selected use cases and navigate across all organisational levels. If you can do that, you are already one step ahead when it comes to adopting GenAI! If you want to get started with GenAI, the article offers some simple steps 👇 If you want to strengthen the innovation culture in your company, learn more about what we offer here 👉 https://lnkd.in/d6pj_piK https://lnkd.in/eQpUDFnb #innovationculture #generativeai #innovationmanagement #innovationecosystem

Need a place to manage your funnel of ideas/continuous improvements/market input/product optimisations/trends/bugs/etc.❓ The Nosco platform is built to collect, develop and evaluate any kind of input from a diffused group of people that goes through a funnel. This means that it is not only for #innovationmanagers, but also for #productmanagers, #CI-managers, #lean experts, #frontend teams, #businessdevelopers, (insert your title here). We have seen many great examples of use cases and we have collected some of the most widely used here 👇 for your inspiration #innovation #innovationmanagement #productdevelopment #productmanagement #continuousimprovement #lean #frontend #businessdevelopment

“Make innovation everybody’s business” is Nosco’s core philosophy and guiding principle, but what does that really mean❓ In Nosco, we believe in the inherent power of everyone to create and innovate. This means that innovation can come from anywhere within an organisation. Our platform and services revolve around the principles of openness and transparency 👐, and we believe that innovation gets better via engagement and collaboration 🤝. How this is put into practice by the customers we work with, is however very different. We work with many different organisational functions, from innovation managers to operational functions, and our platform engages anywhere from a few handful to thousands of people. It is an ongoing discussion among researchers how to best organise for innovation and who to involve in innovation initiatives. We follow this discussion with great interest - follow this link 👇 for some recent insights.  In our view, there is no one size fits all, but are some core principles worth considering when finding out what works best for you: 1️⃣ Find the link between innovation and strategy. Innovation is crucial to all companies, but in many cases, the specific role of innovation is unclear. Creating a clear vision for innovation is the first step in finding out how to best structure innovation in your company. 2️⃣ Assess the appetite for innovation among managers. Although stated in strategic plans, it is not certain that all managers see the same need for innovation. Management backing is crucial for successful innovation, and you will thus need to understand their view on innovation.  3️⃣ Weigh in on your organisation. Consider the type of people you are working with, their capacity and susceptibility for innovation, and how to best engage with them. This will help you find out how to get people engaged and where to best spend your energy.  4️⃣ Choose a place to start. Who has an important problem they need help solving? Finding a real problem to tackle is a good place to start, and if you can combine an urgent problem with people that have appetite and capacity for innovation, you are off to a good start! https://lnkd.in/dxCxbHSC Some of the opinion makers we like to follow: Dr. Karen Koepp Sam Rockwell, PhD Andrew Binns Kaihan Krippendorff #corporateinnovation #innovationmanagement #innovationteams #innovationecosystem

Do you find it hard to make the right decisions when it comes to new ideas and opportunities ❓You are not alone. Evaluating and prioritising new ideas and opportunities is not an easy task. It sounds simple enough: rate, rank and select, but the reality is not so simple. Insufficient information, high uncertainty, biases, company history and politics are all factors that influence decision making. Add to that a lack of resources and uncertain management backing, which is often the reality of innovation projects. Decision-making is complex, but there are some things you can do to make it easier:  👀 Involve the right people in the evaluation process: go abroad those with the right knowledge, and include those with the mandate and power to push ideas forward 🔎 Build a simple and transparent process for evaluation: avoid complex rating systems and focus on a few simple criteria that are communicated upfront 📊 Provide flexible overviews: once evaluations are in, share the results in a manner that gives overview, but also allows for ranking on different criteria  🕰 Get people together to make the final decision: make sure everyone has a chance to get heard, and select ideas based on both consensus and strong individual convictions. Make sure to also discuss actions for deselected ideas 📣 Communicate the results: let people know what the decision is and what the immediate actions are 🏃♂️Get moving, fast: nothing is more detrimental to innovation than a decision that leads to nothing. Live up to your promise and show immediate action! A platform cannot solve this for you, but it can support you some of the way. It is our mission to make decision-making as simple and easy as possible, and with our new heatmap 👇 , you are well on the way. For the rest, we have a team of experienced consultants ready to help you! #decisionmaking #innovation #continuousimprovement #evaluation #heatmap https://lnkd.in/dgkK-Xrr

Well done Dr. Ulrike Tagscherer Peter Mohnen and team KUKA 💪 Getting from an early idea to a final product is a road filled with many obstacles, and seeing it happen makes us immensely proud and happy 👏 It has been a pleasure following your journey - keep it going!

Want to get started with corporate venturing but don’t know how❓ The landscape of #corporateventuring is quite scattered and if you are new to it, it can be quite hard to know where and how to get started. Follow our advice to get off to a good start 👇 Corporate venturing (CV) refers to the support, financial or non-financial, provided by corporations to entrepreneurs, internal or external to the corporation. It is a natural next step for many innovators, and at Nosco, we get more and more requests on this topic 📣 The appeal of CV is easy to understand: potentially high financial upsides combined with strategic opportunities that are otherwise hard to attain. Likewise, collaborating with corporates provides great benefits for the startups - recent research by McKinsey & Company shows that startups with corporate participation are more likely to grow and less likely to fail (https://lnkd.in/dGah33xX) Here are some of the examples of CV we have seen that inspire us ➡️   Hummelnest Accelerator by Raiffeisen-Landesbank Steiermark Propel by Ørsted powered by Rockstart Scale It Up! by Bühler Group Cargill Givaudan PURIS MANN HUMMEL Corporate Ventures headed by friend of Nosco, Michael Nichols dsm-firmenich Venturing by DSM neosfer by Commerzbank AG Siemens Energy Ventures by Siemens Energy

Want to get started with corporate venturing but don’t know how❓ The landscape of #corporateventuring is quite scattered and if you are new to it, it can be quite hard to know where and how to get started. Follow our advice to get off to a good start 👇 Corporate venturing (CV) refers to the support, financial or non-financial, provided by corporations to entrepreneurs, internal or external to the corporation. It is a natural next step for many innovators, and at Nosco, we get more and more requests on this topic 📣 The appeal of CV is easy to understand: potentially high financial upsides combined with strategic opportunities that are otherwise hard to attain. Likewise, collaborating with corporates provides great benefits for the startups - recent research by McKinsey & Company shows that startups with corporate participation are more likely to grow and less likely to fail (https://lnkd.in/dGah33xX) Here are some of the examples of CV we have seen that inspire us ➡️   Hummelnest Accelerator by Raiffeisen-Landesbank Steiermark Propel by Ørsted powered by Rockstart Scale It Up! by Bühler Group Cargill Givaudan PURIS MANN HUMMEL Corporate Ventures headed by friend of Nosco, Michael Nichols dsm-firmenich Venturing by DSM neosfer by Commerzbank AG Siemens Energy Ventures by Siemens Energy