Don Duval: Fostering and Managing Innovation in your Organization
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Growing Innovation Gearing Up For Growth Conference London, Ontario Presented by Don Duval March 27 th , 2012
description
This presentation was given at the Gearing Up for Growth conference in London, Ontario on March 27th, 2012. The presentation highlighted and discussed key human resource strategies and policies to enable and foster a culture of innovation in any organization.
Transcript of Don Duval: Fostering and Managing Innovation in your Organization
Growing Innovation Gearing Up For Growth Conference London, Ontario Presented by Don Duval March 27th, 2012
1. Provide an overview of MaRS, our mandate,
and the programs we offer to meet the needs of our entrepreneurial community
2. Discuss tools and techniques that companies, both large and small, can use to foster and manage innovation to enhance shareholder / stakeholder value
3. Provide an opportunity to address any questions
you may have
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MaRS is a non-profit innovation centre connecting science, technology and social entrepreneurs with business skills, networks and capital
MaRS helps to create successful global businesses from Canada’s science and technology
Mission
Who we Serve
Early stage science and technology ventures and innovative social purpose businesses
Measure of Success Job and wealth creation for the economy
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Competing is one thing… Winning
is another!
At an average of only 3.3 people per square km, Canada has one of the lowest population densities in the world.
How do we Compete?
33 300 1.1 1.3 Million People Million Billion Billion
VS.
but few people… Big Country
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As part of MEDI’s Ontario Network of Excellence MaRS acts as Toronto’s Regional Innovation Centre (RIC) while delivering key programs such as the Investment Accelerator Fund, SiG at MaRS and the Business Accelerator Program
Phase I"Phase II"
Building Next Generation Startups
Improving Commercialization
Output from Academe
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Education and Insight
Access to Capital
Business Advice
and Mentorship
Networks, Talent, Customers and Partners"
Programs for High Growth Ventures, Policy Initiatives, and Special Projects "
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The importance of
Place History and
and Culture
Human resources and policy levers to encourage and incentivize both employees and customers to actively contribute in the innovation process
A proposed methodology for identifying, segmenting, and refining the best ideas and opportunities to pursue
Execution and implementation strategies to ensure the process of translating ideas to commercial opportunities is replicable and flexible based on the nuances of your business
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Human resources and policy levers to encourage and incentivize both employees and customers to actively contribute in the innovation process
• Adopting and celebrating the culture of your customers within your organization; create something new!
• The organization as a springboard opportunity as part of one’s broader career progression
• No more regular full-time employment contracts?
You’re here for a good time, not a long time…
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You’re here for a good time, not a long time…
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• Get rid of matrices, scoring templates, etc…find and trust the right people
• Identify the right framework and design to foster the process
• Keep trying until it feels right and delivers results
Get rid of matrixes – find and trust the right people!?
A proposed methodology for identifying, segmenting, and refining the best ideas and opportunities to pursue
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Get rid of matrixes – find and trust the right people!?
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What works for one, may not work for all…
Execution and implementation strategies to ensure the process of translating ideas to commercial opportunities is replicable and flexible based on the nuances of your business
Capital
Business
Science / Technology
The MaRS Ecosystem
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What works for one, may not work for all…
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What works for one, may not work for all…
History, Place, and Culture 19
Culture of
Entrepreneurship
Don Duval Vice President MaRS Discovery District [email protected] Twitter: don_duval Speakerfile: don.duval
