Rethinking the financial drivers in innovation culture

Recent reports in the Harvard Business Review question the efficiency of the traditional Silicon Valley venture capital innovation funding model and more emphasis is now being placed on how to manage the innovation process in a low finance environment. Japan as an innovation culture for example impacted the world market in the 1980s but then peaked and declined.

Innovation scoreboard: Scandinavia on top, Denmark drops

The European Innovation Scoreboard 2009 which provides a comparative assessment of the innovation performance across 29 indicators. Of the EU27 member states, Denmark, Finland, Germany, Sweden and the UK are the innovation leaders, with innovation performance well above that the EU27 average. Of these leaders, however, Finland and Germany are improving their innovation performance, whereas Denmark and UK are stagnating. …

If smaller VC funds are better, why are so few VC funds small?

Financial returns on investments in venture capital funds have been poor for the last decade. Since the 1999 vintage year, the median internal rate of return has not reached 3 percent for any vintage year and has been negative in nine of those years. Many investors in venture capital funds – university endowments, pension funds, banks, insurance companies, family offices, …

How to increase your ROI

InnoTools – Measured and Managed Innovation in Companies A Nordic Innovation Center Project Studies have shown that companies’ return on innovation (ROI) or hit rate is somewhere between 2-10%. That is another way of saying that around 90% of all innovation efforts are never commercialised or used in general. If Nordic companies could raise the ROI with just 10-20% this …

Lessons from innovation’s front lines: An interview with IDEO’s CEO

An interview with IDEO’s CEO, Tim Brown, whose company specializes in innovation, distills the lessons of his career. IDEO’s single-minded focus makes it an intriguing port of call for executives seeking insights on innovation. The company’s deep experience collaborating with other businesses and with nonprofits and government agencies gives it valuable perspectives on what distinguishes winning from losing innovation efforts. …