My Innovationinnov8rs.co/wp-content/uploads/2018/03/Mathilde-Durvy-TLV.pdf · 3-day workshop to...

Mathilde Durvy

Innovation Program Lead, Cisco

February 2018

Empowering All Cisco Employees to Innovate

My Innovation

© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential

No central place for my ideas to be heard

No exposure to decision makers

Three years ago our employees told us…

No process, support, time, funding to implement the best ideas


My Innovation: 1 of the 11 Moments That Matter

My Making a Difference

My Team

My Lasting Impression

My Workplace

My Technology

My Development

My Leader

My Personal Experiences

My Innovation

My Rewards

My First Impression


My Innovation empowers all employees to innovate

The Hub

Go-to portal to connect innovation resources, ideas & people

Innovate Everywhere Challenge

Company wide innovation competition

Mentor Network

3,000 Cisco employees ready to help

Founder skills & mindset

Accelerate projects with the latest innovation methodologies

Innovator Award

Recognize existing innovation journeys and their actors

Angel skills & mindset

Invest wisely in innovation


My Innovation Year 1


Innovate Everywhere Challenge 1 (IEC1)

Why• Capture disruptive venture

ideas from employees and help grow them

• Develop entrepreneurship skills and culture at Cisco

• Enhance employee experience and collaboration

How• Leadership sponsorship

• Resources & time to innovate

• Cross-functional

What

Company-wide cross-functional innovation competition


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The Challenge proceeds in four phases modeled after the life cycle of startups

Fund

3 weeks

Validate12 weeks

Ideate

6 weeks

Build3 months (flexible start)

Lean start-up & pitching workshops

$1k to develop venture ideaSpark ideas and team-up

Is the idea valuable, should it be built?

Sell your idea

All Cisco employees

Fo

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15 semifinalists 6 finalists

Create a ventureForm a team

Playbook: Ideate

Comments

Video pitch + Business Model Canvas + Experiment results

Playbook: Validate with $1000 & 20% stretch time

Startup//Cisco workshop + pitch coaching

Mentors

Live pitch + Q&A

Innovation rotation

$25’000 seed funding

Top mentor & concierge

Who

Ta

sk

Help

Grow venturePrepare integration

3 winners…

Find product-market fit

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awards

awards

© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential

Startup//CiscoFounder skills & mindset

• 3-day workshop to help teams design the right solution and get it to market quicker and with less resources

• Industry-leading approach tailored to Cisco

• 13 iterations globally, 500 participants


• Founders need Angel to thrive

• More guidance & feedback

• Move voting beyond a marketing exercise

• Manager support for innovation

• Need to make innovation part of everyday work & culture

• “always-on”• Continuously showcase & reward innovation

Lessons Learned


My Innovation Year 2


Lesson 1: Founders need Angels to thrive

Angels

• Backers• Mentors• Judges• Sponsors

Founders• Visionary• Maker• Designer• Evangelist

• Create venture • Form a team• Develop venture• Secure investment

• Invest (tokens or $) • Help the venture

succeedfocus on managers &

leaders


Angel Workshop –Angel skills & mindset

Real-world angel investors share tips with Cisco employees

✓ Assess early stage innovative ventures

✓ Help early stage ventures / innovative teams succeed

✓ Build a balanced innovation portfolio

Brigitte Baumann and Klaus Kummermehr

Go Beyond Early Stage Investing


Mentor Network: 3,000 employees ready to help


• Virtual investing component replaces voting

• Backers invest free tokens and rate ideas

• Playbooks: Angel investor & Angel Mentor

• Professional angel investors / VC in judging

• Top IEC2 backers and mentors awarded

IEC2: An opportunity to practice angel skills

20’000 backers

166,778 tokens

23,837 ratings

5,906 comments


• “always-on”

• Continuously showcase & reward innovation

Lesson 2: Support everyday innovation


“Always-on” destination for innovation


Recognize innovation journeys and their

actors

The Cisco Innovator award is in search of stories that are transformational and inspirational—and showcase attitudes of innovation

Be Urgently

Curious

Don’t Go it Alone

Iterate

and

Persist

Celebrate

Effective

Failures


Conclusion


53% of Cisco employees

engaged in My Innovation,

31% actively participated

FY17 My Innovation Metrics


My Innovation empowers all employees to innovate

The Hub

Go-to portal to connect innovation resources, ideas & people

Innovate Everywhere Challenge

Company wide innovation competition

Mentor Network

3,000 Cisco employees ready to help

Founder skills & mindset

Accelerate projects with the latest innovation methodologies

Innovator Award

Recognize existing innovation journeys and their actors

Angel skills & mindset

Invest wisely in innovation


IEC top teams are making impact

EVAR is building a suite of AR/VR

services to enable collaboration

inside the next generation of

immersive apps.

Project LifeChanger uses a Cisco

collaboration solution to drive

employment of people with

disabilities.

CIRA is building a cyber

insurance risk analytic platform

leveraging Cisco’s unique threat intelligence.

Network Early Warning predicts

problems in the network, then pre-

empts those problems before they

occur.

PTO TO GIVE is about the right

to choose to turn time off into

dollars–dollars for donation to

charity.

Rainmaker pivoted on their original idea

and is now focusing on Bare Metal as a

Service, the automated provisioning of

the media data center.

16 PoCs

10 patents

2 beta products

4 adopted

by the business

$1M opex. saving

per year

13 of the 45 semi-finalists

still active

Focus ideation on transformative ideas

Balance technology & business focus

Focus on disruption


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IEC2: an opportunity to practice angel skills

Fund

3 weeks

Validate12 weeks

Ideate

6 weeks

Build3 months (flexible start)

Lean start-up & pitching workshops

$1k to develop venture ideaBack and feedback on ideas

Back and mentor ideas Back

All Cisco employees

Fo

cu

s

All Cisco employees All

Invest 10 tokensRate & feedback

Playbook: Angel Investor

Invest 2 tokensMentor a team

Playbook: Angel Mentor

Startup//Cisco mentor training

Mentor network

Invest 1 token

Who

Ta

sk

Help

Nurture ideaGo no-go decision

Leaders

Sponsor invest $ in ideaTop mentorship

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0

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awards

Recognition

Angel workshop

$1000 to invest

*Judges include real-world angel investors

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