Cooperative networks of experienced communities and partnerships, whether they are academic, financial, public or private will always play an integral in helping innovation programs reach their full potential. By the end of the last global recession after years of collapsing revenues and huge corporate bankruptcies it was clear to companies in every industry and in every corner of the world that it wasn't in their company's best interests to let their innovation programs languish and so the great innovation arms race began and as with any arms race alliances make people stronger.
Innovation is more than just a random amalgamation of people, processes and measurement methodologies. Innovation is the embodiment of human creativity and discovery but it only flourishes in the right environment and creating that utopian environment relies on your company's ability to deliver the right resources and the right insights at the right time in the right way. Now, more than ever, companies and Government agencies are recognising that innovation in depth - partnering, is one of the most efficient ways to dramatically improve their odds of success and improve their returns on innovation.
At the 311 Institute we help companies and Entrepreneurs build stronger, leaner innovation capabilities and work with Governments, Academia, investors, designers, inventors and private organisations to build impactful, disruptive Innovation Accelerators.