
Who is Innovative Ventures? We’re a full service team of Innovation Architects who specialize in building beginning-to-end systems that allow our clients to harness the creative power of everyday people and convert it into successful products.
What Exactly Do You Do? We Design, Build, and Implement Adjunct Innovation programs
Is This The Same As “Open Innovation”? No – Open Innovation works largely with your employees.
What Is An Adjunct Innovation Program? It’s a “Bolt On” program designed to complement your current Innovation efforts; by locating, harnessing, and processing the creative power of everyday people into successful retail products. It’s like hiring thousands of people who only get paid when they produce.
Why Should We Invest In Adjunct Innovation? Because it’s an effective new product acquisition tool – and it Works!
Why Should Innovative Ventures Build Our Program? Because we’re the recognized experts in Adjunct Innovation architectures.
How Do You Build Our Program? This is not a co-op program, or a program connected to any other company. We say your program because each architecture is designed specifically to your company needs; making use of your internal processes and focused on your product goals.
What Are Your Steps For Building an Adjunct Innovation Program?
1. We analyze and understand your internal resources, processes, and goals.
2. We educate you on how Adjunct Innovation works and how it can increase profit.
3. We design an innovation architecture specific to your company needs & goals.
4. We identify the processes and where they bolt on to the path.
5. We implement a safe & effective linear path from the idea to the product or shelf.
6. We document and train your people on how to manage the program when we leave.
7. We ensure the process works flawlessly and required mechanisms are in place.
8. We make ourselves available to you for maintenance and future expansion.
What Are Some of The Parts?
- Requirements
- Inventor Outreach
- Expectation Management
- External Filtering
- Communication
- Internal Filtering
- Internal Processing
- External/Internal Interaction
- Intellectual Property
- Development
- Product Fielding
- Ongoing Communication
How Long Does it Take? Standard Build Timeline is 12-24 Months
Who’s Using These Programs? Companies such as Rubbermaid, Kroger, QVC and Daymon Worldwide.
Is This Approach New? Less than three years old, Adjunct Innovation as a process for safely harvesting the power of everyday people into successful retail products is relatively new, yet large manufacturers and retailers alike have seen the benefits of a tailor-made program and the impact on their bottom line.
How Does The Process Work? Innovative Ventures is dedicated to transforming our expertise in Adjunct Innovation into successful architectures that keep you on the trending edge of new product success.
How Do We Hire Innovative Ventures? Although every project is unique, we generally enter into 12-24 month consulting contracts with our clients that cover a set number of billable hours and travel expenses.
What Do We Get For Our Investment? The first things you get are the time, talent, and experience of the ONLY company to ever build an Adjunct Innovation Program. Secondly, is a safe, effective system that continually feeds your new product demand with solutions from everyday people who shop in your stores and purchase your products. Third, a scalable program for reacting to changing markets.
What Does It Cost To Build An Adjunct Innovation Program? No two projects are the same and our contracts are based on what you as a company need. Please contact us to find out more about the cost of developing your program.
How Do We Get Started? We’re happy to take a look at your current innovation approach and discuss how an Adjunct Innovation program can increase and stabilize the flow of new products to positively impact your bottom line. Simply contact Dave Lampson (dave@moremediadirect.com) or Mark Reyland (mark@moremediadirect.com) and let's get started!