This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
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1. THE BEGINNING
This innovation initially came to life when…
Our clients consistently asked us to provide them with our tools and ways of work as approach to corporate innovation was so effective. Our approach delivers results because we manage the controls needed to run a large business and the flexibility needed for innovation. In response, we have packaged them up in a new platform called RadFrame that enables large corporate to scale innovation across their entire organisation.
2. WHAT & HOW
The purpose of this innovation is to…
Provide a flexible yet robust way to scale and execute innovation across large organisations. RadFrame empowers all teams and individuals to generate, test and execute on new solutions from incremental improvements through to disruptive new business models.
It does this by…
Analyzing the mandate, size and desired outcome of the innovation through an intelligent “wizard. The user is then provided with a road map (with templates, step by step guides and tip and tricks) tailored to their specific project needs. RadFrame equips teams and individuals with the right combination of tools to effectively innovate across multiple departments, at speed with minimal waste.
3. PURPOSE & BENEFITS
This innovation improves on what came before because…
It:
-enables innovation to be scaled in large organisations by creating a common approach across multiple departments and project types. This drives efficiency, and helps create a culture of innovation.
-packages leading innovation methods used by high growth tech businesses into a single platform, and tailors road maps to each project.
-supports a learn-by-doing approach to drive capacity-building, and business outcomes.
Its various benefits to the customer/end-user include…
-Reduced risk of innovation and maximize efficiency – better ideas to market faster, using fewer resources.
-Enables innovation across all parts of organisation.
-Access to world-leading innovation practices.
-Supports continuous learning through practical application. (word limit version)
In the past, this problem was solved by…
Engaging consulting and training sessions which are difficult and expensive to scale, and lack ongoing and accessible support to continuously build organisation-wide innovation proficiency.
Accessing disparate tools online that are not contextualized or tailored to specific project/innovation types (incremental through to disruptive) or the specific challenges associated with innovating within a corporate environment.
Its predecessors/competitors include…
There are currently no direct competitors in the market. Secondary competitors however include innovation consulting firms and training providers. They do not provide a platform to continue/scale learning within the organisations.
5. TARGET MARKET
It is made for…
Large organisations (government, companies, NFP) looking to create a culture of innovation by scaling leading practices across their entire organisation.
It is available for sale through…
White labelling through other service providers overseas, Direct sales
Through parent company (Fusion Labs) services: Consulting and Training
Partnerships with other service providers in the value chain i.e. idea capture platforms, development vendors/ digital agencies to same target customers.
Our marketing strategy is to…
Use direct marketing campaign targeting warm leads (CIOs/key decision makers in large corporate). Refine messaging and expand the target of second campaign to include cooler leads. Both campaigns will be personalized to the needs and current innovation ecosystem within each organisation. Existing clients will be targeted with the product being introduced as a continuation and expansion of the innovation capabilities.
FINE PRINT: This SMART 100 profile and the information it contains is a duplication of content submitted by the applicant during the entry process. As a function of entry, applicants were required to declare that all details are factually correct, do not infringe on another’s intellectual property and are not unlawful, threatening, defamatory, invasive of privacy, obscene, or otherwise objectionable. Some profiles have been edited for reasons of space and clarity.
