COINAAC 17 / Andrew Humpries (The Bakery)
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Transcript of COINAAC 17 / Andrew Humpries (The Bakery)
INNOVATORS ARE MULTIPLYING IN TECH CLUSTERS ALL OVER THE WORLD...
Over 60% of applications for our Innovation Programmes are non-UK – coming from: Madrid, Buenos Aires, New York, Berlin, Tel Aviv, Paris, Warsaw, Riga, Vancouver, Moscow,
Mumbai, Sydney, São Paolo, Auckland, Boulder, New York and of course California...
The ‘multiple bets’ approach N
o. o
f sta
rtu
p p
artn
ers
Time
Multiple MVPS to solve
immediate use case
Scale “winners” with more use cases /
more users
Long-term partnerships with
“big wins”
Throughout The Bakery’s innovation programme, the objectives are to:
- make multiple bets on new tech, killing those that don’t work quickly and scaling winners
- allow you to test new tech ahead of your competitors
- look for opportunities for long-term partnerships and developing proprietary solutions
A PROVEN METHODOLOGY TO SCALE
STAGE
PHASEPHASE ENTRePRENEUR sandbox iterate and scale
CO-CREATIONINSPIRATION MATCHMAKING Small test trial 1 Low risk
trial 2
Inspiration Day & agree brief
Kick-off Session
Match Making
Day
Sandbox Feasibility
Test
Co- Creation
Day
Strategy Overview Document
Review Trial 1 & optimise
Launch Trial 2
Review Trial 2:
develop business case for scaling
Review Sandbox & agree Trial 1
roadmap
Launch Trial 1
the
bak
ery
del
iver
able
s
Consider 3 things...
RATE OF INNOVATION RoI
COST PER INNOVATION CPI
NUMBER OF TRANSFORMATIONAL INNOVATIONS TIs